|
Last Updated: Apr. 26, 2013 |
| TOKYO - Apartments |
COST (US$) |
YIELD (p.a.) |
PRICE/SQ.M. (US$) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 40 sq. m. |
370,640 |
1,916 |
6.20% |
9,266 |
47.90 |
| 55 sq. m. |
526,750 |
2,454 |
5.59% |
9,574 |
44.62 |
| 65 sq. m. |
566,605 |
3,057 |
6.47% |
8,717 |
47.03 |
| 80 sq. m. |
835,680 |
3,563 |
5.12% |
10,446 |
44.54 |
| 120 sq. m. |
1,375,920 |
6,341 |
5.53% |
11,466 |
52.84 |
| 180 sq. m. |
2,282,760 |
11,039 |
5.80% |
12,682 |
61.33 |
Districts researched:
Chiyoda: Banjo and Kojimachi
Minato: Aoyama, Harajuku, Shirokane, Azabu, Roppongi, Takanawa and Omotesando
Shibuya: Hiroo, Daikanyama, Ebisu, Shooto, Yoyogi-Uehara
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
Rental incomes, rental yields, and the price per square meter of apartments in Tokyo’s five central wards have surprisingly increased, according to the latest survey by the Global Property Guide. This observation is in contrast to what everybody is saying (and perhaps, expecting), after the earthquake and tsunami.
Our survey shows that the average price per square metre (sq.m.) of apartments increased by 3.45%, to US$13,044 in 2012, from US$12,609 in 2011. Likewise, rental income and rental yields have also increased.
Rental yields range from 6.35% for smaller apartments, to 4.46% for 120 sq. m. apartments. There are high rents also for very large apartments (200 sq. m.) at around 6.16%.