Residential

More younger families are leaving Central Tokyo for neighbouring prefectures.  

Average multifamily asking rents dropped 3.6% over the year. 

Sales were propelled by the residential sector.

22% of all residential launches in H1 2021 were from the affordable segment.

Occupancy rates increased 0.2ppts to 95.6% in Q3 2021. 

Prices increased by up to 5.8% against the 2.9% overall market growth. 

Resale prices increased 13.8% y-o-y.

Total investment volume hit a whopping $1.8 billion.

Their monthly budgets range from HK$40,000 to HK$50,000.

This is the biggest drop since May 2020.

Single executives and young couples, not families, are driving demand.

Up to 70% of prospective buyers want a second home within 2 years.

Savills enumerates four key factors that contribute to the optimistic outlook.

Home prices have been on an upward trend for seven consecutive months.

The landed segment outperformed others with a 2.5% price increase.

Listings ranged between 300,000-380,000 properties between 2011 and 2019.