Press Release

Trend Report of the Value of Intensively Used Land in Major Cities - Land Value LOOK Report -

2018/11/16

The Ministry of Land, Infrastructure, Transport and Tourism released the Trend Report of the Value of Intensively Used Land in Major Cities – Land Value LOOK Report – for the third quarter of 2018 (from Jul. 1 to Oct. 1, 2018).
 
1. Survey objective
To clarify leading land-value trends for intensively used districts in major cities, which tend to be leading indicators of property market trends, by ascertaining such trends on a quarterly basis.
 
2. Matters to be surveyed
Licensed Real Estate Appraisers (LREAs) collect information on the real-property markets of the surveyed districts, and estimate land-value trends by using real-property-appraisal methods. The results are to be aggregated by the Ministry of Land, Infrastructure, Transport and Tourism.
 
3. Surveyed districts
A total of 100 districts, including 43 districts in the Tokyo area, 25 districts in the Osaka area, 9 districts in the Nagoya area, and 23 districts in other major cities, are surveyed.
Residential districts comprise districts intensively used for high-rise apartments, etc. (32 districts).
Commercial districts comprise districts where shops and/or offices are intensively concentrated (68 districts).
 
4. Survey results
Among the 100 surveyed districts, the following trends in land value are found during the third quarter of 2018 (from Jul. 1 to Oct. 1, 2018). [numbers in the previous survey in square brackets] :

  • Land value increased in 96 [95] districts, stayed flat in 4 [5] districts and declined in 0 [0] district.
  • Increase in change rates from ±0% category to 0-3% category in “ Shinagawa ” district , “ Toyosu ” district and “ Tachikawa ” district (Tokyo Ward), from 0-3% category to 3-6% category in “ Shinjuku San-chome ” district , “ Kabukicho ” district (Tokyo Ward) and “ Kenchomae ” district (Naha City).
  • Decrease in change rates from 3-6% category to 0-3% category in “ Omotesando ” district (Tokyo Ward) , from 0-3% category to ±0% category in “ Ginza Chuo ” district (Tokyo Ward) and “ Ohori ” district (Fukuoka City).
     
     Detailed survey results is available at the following URL.
    (http://www.mlit.go.jp/en/totikensangyo/totikensangyo_fr4_000002.html)
     

     
     
       

                                                                           
 

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