Post: Monday September 26, 2011
A real estate marketing company announced “2010 Condominium Apartments Property Price Index”. The research covered all condominium apartments built after 2001 and went on sale in 2010.
The sales price as a new property is divided by the recent sales price in order to calculate PPI, then compiled the data by developer who could offer more than 30 samples.
The total number of apartment samples is 31,578 units. Overall PPI was -5.5%, which is slightly lower than -5.3% from last year. The average age of the properties is 5.5 years-old (4.8 years-old in 2009).
“Marubeni” marked top (2nd in 2009). Their average PPI was 5% that exceeds overall average PPI by over 10%. “Mitsubishi Estate” marked the 2nd (1st in last year, 3.9% PPI) and “Yuraku Real Estate” was the 3rd (not nominated last year, 2.9% PPI)
|Developer||Average years after construction||Average floor area||Average sales price per 3.3sq.m |
|Average resale price per 3.3sq.m |
|Number of sumples|
|3||Yuraku Real Estate||5.0||71.0||207||210||2.9%||70|
|4||Tokyu Land Corporation||6.1||62.4||248||254||2.3%||339|
|5||Sumitomo Realty & Development||5.4||76.3||262||268||2.0%||629|
|6||Mitsui Fudosan Residential||4.9||74.7||240||246||1.7%||564|
|8||Nomura Real Estate Development||4.7||75.1||257||260||1.1%||396|