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[PR] GUIDE FOR PURCHASING JAPAN PROPERTY[PR] GUIDE FOR PURCHASING JAPAN PROPERTY

2017-11-12

Tokyo Real Estate Overview

  • Advice


Real Estate is a complex decision for expats because it offers one of the convincing and largest real estate investments in the world. According to the United Nation, Greater Tokyo (five cities) is the earth’s most populated metropolitan area. Japanese Local Autonomy Law was established 23 Wards that jointly made up the central part the most populous part of Tokyo, Japan. Our purpose is to provide the simple and comprehensive detail about the Tokyo Real Estate. To make it easy for the foreigners’ real estate investors who are interested in the Tokyo Real Estate, we divided into two following areas:Tokyo 23 Wards Greater Tokyo



Serial

Ward

Population 

Districts 

1

Chiyoda

59,441

Nagatachō, Kasumigaseki, Ōtemachi, Marunouchi, Akihabara, Yūrakuchō, Iidabashi, Kanda

2

Chūō

147,620

Nihonbashi, Kayabachō, Ginza, Tsukiji, Hatchōbori, Shinkawa, Tsukishima, Kachidoki, Tsukuda

3

Minato

248,071

Odaiba, Shinbashi, Hamamatsuchō, Mita, Roppongi, Toranomon, Aoyama, Azabu

4

Shinjuku

339,211

Shinjuku, Takadanobaba, Ōkubo, Kagurazaka, Ichigaya, Yotsuya

5

Bunkyō

223,389

Hongō, Yayoi, Hakusan

6

Taitō

200,486

Ueno, Asakusa

7

Sumida

260,358

Kinshichō, Morishita, Ryōgoku

8

Kōtō

502,579

Kiba, Ariake, Kameido, Tōyōchō, Monzennakachō, Fukagawa, Kiyosumi, Shirakawa, Etchūjima, Sunamachi, Aomi

9

Shinagawa

392,492

Shinagawa, Gotanda, Ōsaki, Hatanodai, Ōimachi, Tennōzu

10

Meguro

280,283

Meguro, Nakameguro, Jiyugaoka, Komaba, Aobadai

11

Ōta

722,608

Ōmori, Kamata, Haneda, Den-en-chōfu

12

Setagaya

910,868

Setagaya, Shimokitazawa, Kinuta, Karasuyama, Tamagawa

13

Shibuya

227,850

Shibuya, Ebisu, Harajuku, Daikanyama, Hiroo, Sendagaya, Yoyogi

14

Nakano

332,902

Nakano

15

Suginami

570,483

Kōenji, Asagaya, Ogikubo

16

Toshima

294,673

Ikebukuro, Komagome, Senkawa, Sugamo

17

Kita

345,063

Akabane, Ōji, Tabata

18

Arakawa

213,648

Arakawa, Machiya, Nippori, Minamisenju

19

Itabashi

569,225

Itabashi, Takashimadaira

20

Nerima

726,748

Nerima, Ōizumi, Hikarigaoka

21

Adachi

674,067

Ayase, Kitasenju, Takenotsuka

22

Katsushika

447,140

Tateishi, Aoto, Kameari, Shibamata

23

Edogawa

685,899

Kasai, Koiwa


Numbering the Ward from top to bottom based on the Real Estate Prices in Tokyo


Most Expensive Tokyo Ward (Real Estate Prices): According to Standard Land Price survey extracted from Land Value Database, Chou Ward is the highest average transaction price both for a new and second-hand apartment, because it is considered as the heart of Tokyo, Japan. Normally, It's referred as Chou-City, which means in Japanese a central ward. Chiyoda Ward came in second with an average price of 5,385,180 yen/m2, Minato on third with an average price of 3.28 million/m2, Shibuya Ward and Shinjuku attained the fourth and fifth place with average 3,26, 8176 yen/m2, 292,8338 yen/m2 respectively. (Ward prices in the Tokyo, Graph)Least Expensive Tokyo Wards (Real Estate Prices): Credible information about real estate information is very important for real investors. They want to know the Tokyo least expensive real estate wards prices. As compared to the Tokyo central city these least expensive wards have average 26% lower rent. The average transaction price of least expensive wards of Tokyo city is published by the land value database, shown in Graph. (Ward prices in the Tokyo, Graph)Greater TokyoAs earlier mentioned, Greater Tokyo is the most of the populous metropolitan areas in the world. It includes the Tokyo metropolitan areas, and parts of Chiba, Tochigi, Saitama, Yamanashi, Ibaraki, Kanagawa, and Gunma prefectures. Japan’s overall population is decreasing, but Greater Tokyo has been noticed an abrupt increased in population. Huge increased in population makes Greater Tokyo bigger than some developed countries such as Canada, and Australia.



Prefectures 

Population 

Area 

Tokyo 

9.273 million 

619 km2 

Kanagawa

9.072

2,416 km²

Saitama

7.15 

3,797 km²

Chiba

6.148

5,156 km²

Ibaraki

2.96 

6,096 km²

Tochigi

1.989

6,408 km²

Gunma

1.991 

6,363 km²

Yamanashi

855,746

4,465 km²


Greater Tokyo Real Estate Prices:According to United Nations, Greater Tokyo has 3.8 million populations and covers an area of approximately 13,500 km2, which makes it the second largest Metropolitan area in the World following New York City. As the Real Estate Economic Institute has stated, a total of 3,426 condominiums were released for sale in greater Tokyo in July, up 50.0% from the previous month and up 3.3% from last year. The average price of a new apartment across Greater Tokyo was 65,620,000 Yen, and the average sale price per square meter was 952,000 Yen. It is good to know about latest per square meter real estate prices of Greater Tokyo, shown in the graph 3. 



Prefectures 

Per Square meter 

Tokyo 

2, 67,304

Kanagawa

2, 44,256

Saitama

1, 44,362

Chiba

1, 08,187

Ibaraki

35,992

Tochigi

40,840円/m

Gunma

40,595

Yamanashi

33,912

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