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 |
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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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