Originally Posted by
5khours
Studio, 1BR and 2BR in decent buildings in Tokyo's central wards average between 13 and 14k per tsubo and have been very stable for a long time. Larger units were going for around 18 to 20k a tsubo pre-Lehman and now are around 16k.
I wonder at the meaning of decent and at the term central wards. If decent means Grade A then the price described is about 10,000 off the mark. If decent seeks to define an apartment that is quite acceptable by the standards of most people in their 20’s – 50’s, i.e. the non-expat and non-super wealthy local population, then that is pretty close.
Depending on who you are asking, the central wards are the central 3 or those plus Shinjuku and Shibuya. In several areas there are many choices at the price point mentioned here. In the better areas the price creeps up dramatically, often on a building by building basis. Up to 30,000 would be very normal in these areas.
Prices have been, in the last 10 years, up then down then down further and then up and recently up even further. What does everyone think will happen in the run-up to the Olympics?
