Tokyo Property Data Collection – For Reference Only

Compiled some Tokyo real estate data for reference only.
【Conclusion】
Preferring to move into first-tier cities is a general trend, and Tokyo's population keeps growing even in an aging Japan.
The average monthly rent for a 23-Ward Tokyo apartment is about 240 RMB per square meter of usable floor area, with core areas around 270 RMB (rental data may be slightly high).
The average purchase price for a 23-Ward Tokyo apartment is about 46,000 RMB per square meter of usable area (balconies are not included), while core areas are around 60,000 RMB (the sample size was under 1,000 records, so it may not fully reflect reality).
When the walking distance to a subway station exceeds 12 minutes, rents drop noticeably.
Based on this sample, the average rental yield in Tokyo is currently about 6% (before deducting property tax, management fees, and maintenance costs; after deductions, it drops to roughly 4.5%?), while the six central wards average around 5.4% (down to about 2.9% after holding costs). The more popular the area, the lower the rental yield—a pattern also seen in Chinese cities. Once China's economic growth slows to Japan's level, required rental yields in major cities will likely converge toward Tokyo's figures.
Around a short distance from Tokyo's core, housing prices fall sharply. As Jack Ma put it, housing prices really do resemble the price of scallions.

【Risk Warning】
This article merely compiles objective Tokyo real estate market data.
Do not use the comparisons between Tokyo and China's first-tier cities presented here as a basis for your home-buying or investment decisions. After all, China's tier-one cities may still have greater growth potential than Tokyo.