top of page
Search
  • Writer's pictureAdam German

Tokyo sees average price rise for brand new and second hand SFH in January

Tokyo Kantei announced on February 8th the average price trends of brand new & second hand single-family homes (SFH) in major metropolitan areas for January of 2024. 


The target properties include those with a land area of ​​100 square meters to 300 square meters, located within a 30-minute walk or a 20-minute bus ride from the nearest station, are freehold land ownership built with wood-frame construction.


The below focuses on the Greater Tokyo Area (GTA). Those interested in Osaka and other area SFH data please download the PDFs attached at the end of this article (Japanese language only).  


The GTA consists of Tokyo, Kanagawa, Chiba and Saitama prefectures.


All percentages represent Month-on-Month (MoM) changes, or change from the previously measured month.


Brand New Single-Family Homes

In the Greater Tokyo Area, the average price was ¥45.63 million (up 1.3% from the previous month), marking the second consecutive monthly increase. 

Prefecture

Avg. SFH Price (JPY)

MoM Change

Tokyo

55.30 million

2.1% up

Kanagawa

48.18 million

0.1% down

Chiba

37.50 million

2.1% down

Saitama

39.26 million

3.7% up

Second-Hand Single-Family Homes

In the Greater Tokyo Area, the average price increased to ¥39.41 million (up 3.7% from the previous month), reversing the downward trend. 

Prefecture

Avg. SFH Price (JPY)

MoM Change

Tokyo

60.70 million

0.6% up

Kanagawa

44.56 million

4.9% up

Chiba

27.45 million

1.5% down

Saitama

27.73 million

3.4% up

Of particular note is Kanagawa prefecture continuing its average upward trend for the third consecutive month.


Further Reading

Tokyo Kantei BRAND NEW SFH January 2024 Report (Japanese only)

Brand New SFH 1.2024 Kantei Report
.pdf
Download PDF • 512KB

Tokyo Kantei SECOND HAND SFH January 2024 Report (Japanese only)

Second Hand SFH 1.2024 Kantei Report
.pdf
Download PDF • 508KB

Comments


Commenting has been turned off.
Working on Laptop

Get the latest intelligence direct to your inbox.

Thanks for subscribing!

Within a day, links to latest articles will be delivered to your inbox.

bottom of page