LMC Press Release (October 31, 2012)
Research on residential market in 5 main wards in Tokyo (up to September 2012)
Among the data collected by Leasing Management Consulting Company (LMC), sign of an increase were showed in both rental unit price per tsubo and average key money for Minato ward but not for the others.
Average unit price per tsubo (Graph 1)
As mentioned, the unit price per tsubo showed an increase for Minato ward only. That may due to the newly completed condominium in August with unit price per tsubo over 25000 yen have been increased.
In Shibuya ward, number of properties with over 15000 yen unit price per tsubo obviously decreased whereas the number of properties with 14000 yen or less unit price per tsubo increased in Chiyoda and Chuo wards.
Average key money (Graph 2)
Due to the newly completed properties from August to October, key money with 1 or 2 months has been increased for Minato ward whereas an increase in zero key money for Shibuya, Shinjuku, and Chiyoda wards.
Population/number of households (Graph 3)
As shown in the graph, all wards showed a little increase in population yet for the largest increase in Chuo and Minato wards were just 0.2 %. There is no obvious change in the number of households for all wards. C Press Release (October 31, 2012)
Graph 1: Average unit price per tsubo
*1 tsubo = 3.3 square meter or 35.52 square feet
Graph 2: Average key money
Graph 3: Population/the number of households
Data provided by LMC http://www.lmc-c.co.jp
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