On April 12th, Kenbiya released their quarterly report on market trends for residential investment properties for the January to March period of 2022. 

The report compiles average property prices and gross yields for residential income-producing properties (condominiums, wood frame multi family buildings, and reinforced concrete multi family buildings) nationwide that were newly registered on the company's portal website.

The average gross yield on strata title condos declined slightly to 7.48%, down 0.01% from the previous quarter.  Average condo prices on the other hand increased to an average of 15.18 million yen, up 1.67% from the previous quarter.

The average gross yield for wood-frame multi family buildings fell for the first time in three quarters to 8.48%, down 0.10 points from the previous quarter.   Average building prices rose for the eighth consecutive quarter to an average of 72.57 million yen, up 2.30% from the previous quarter.

The average gross yield for multi family reinforced concrete whole buildings declined for the ninth consecutive quarter to 7.89%, down 0.04 points from the previous quarter. The average price rose for the fifth consecutive quarter to 166.96 million yen, up 0.03% from the previous quarter.

Further Reading

Kenbiya Quarterly Residential Investment Property Market Trends Report (Japanese only; April, 2022)