{"id":19570,"date":"2021-05-24T11:00:15","date_gmt":"2021-05-24T04:00:15","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=12422"},"modified":"2021-06-04T16:13:02","modified_gmt":"2021-06-04T09:13:02","slug":"sales-of-second-hand-tokyo-apartments-increased-110-4-in-april","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/sales-of-second-hand-tokyo-apartments-increased-110-4-in-april\/","title":{"rendered":"Sales of second-hand Tokyo apartments increased 110.4% in April"},"content":{"rendered":"

3,428 second-hand apartments were reported to have sold throughout greater Tokyo with an average sale price 19.5 percent higher than last year<\/span>\u00a0<\/span><\/p>\n

\"\"
New listings across greater Tokyo saw a year-on-year drop for the 20th\u00a0consecutive\u00a0month. Source: LucianoMortula-LGM\/Shutterstock<\/figcaption><\/figure>\n

According to real\u00a0estate database REINS, 3,428 second-hand apartments were reported to have sold throughout greater Tokyo in April, a 110.4 percent increase from last year, reported Japan Property\u00a0Central<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

During this time last year, Tokyo was under the first state of\u00a0emergency issued, with companies scheduling work-from-home arrangements and real estate developers and brokerages temporarily closing offices for April and May.\u00a0<\/span>\u00a0<\/span><\/p>\n

The average sale price across greater Tokyo was JPY38,260,000 (USD351,425), 0.3 percent less than March, but 19.5 percent up from last year.\u00a0The average price per square\u00a0metre\u00a0was JPY591,000, a 0.1 percent\u00a0jump from March and 16.1 percent up from last year.\u00a0<\/span>\u00a0<\/span><\/p>\n

In the Tokyo metropolitan area, the average sale price was JPY48,930,000, up 1.2 percent from the previous month and 18.5 percent from last year. The average price per square\u00a0metre\u00a0was JPY805,500, up 1.6\u00a0percent\u00a0from the previous month and up 14.8\u00a0percent\u00a0from last year. Transactions were up 116.4\u00a0percent\u00a0from last year.<\/span>\u00a0<\/span><\/p>\n

More: Hong Kong\u2019s booming luxury housing market could snap up \u2018Jardine\u2019s Lookout\u2019<\/strong><\/a><\/p>\n

Moreover, new listings across greater Tokyo saw a year-on-year drop for the 20<\/span>th<\/span>\u00a0consecutive\u00a0month\u00a0with listings down 6.3\u00a0percent\u00a0from April 2020. In the Tokyo metropolitan area, new listings for the month\u00a0decreased\u00a05.4\u00a0percent\u00a0from last year.<\/span>\u00a0<\/span><\/p>\n

In central Tokyo\u2019s three wards, Chiyoda, Chuo and Minato,\u00a0a record high of\u00a0230 apartments were sold, up 134.7\u00a0percent\u00a0from last year.\u00a0<\/span>\u00a0<\/span><\/p>\n

The supply of new listings was up 3.5 percent from last year while the remaining inventory dropped by 20.6 percent. <\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

3,428 second-hand apartments were reported to have sold throughout greater Tokyo with an average\u00a0sale price 19.5 percent higher than last\u00a0year\u00a0<\/p>\n","protected":false},"author":2,"featured_media":19537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[146,1640,1641,144],"class_list":["post-19570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-japan","tag-sale-spike","tag-second-hand-apartments","tag-tokyo","news_country-japan","news_author-property-report"],"acf":[],"yoast_head":"\nSales of second-hand Tokyo apartments increased 110.4% in April | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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