Newsletter
April 2005
Residential Land Anyone?
At the end of this newsletter is a list of selected land for sale between Kobe and Ashiya.
Official Land Values
At the end of March every year, the Japanese Government publishes a list of land values for the whole of Japan. It is the result of a government survey and the results are published as “chika koji kakaku”.
It is well known that generally speaking land values in Japan have been falling for well over a decade. We scanned through the numbers to try to identify some underlying trends. In the newspaper we looked in, we found land at 15.3m yen per square meter in Tokyo’s Marunouchi, and 8.6m yen per square meter in Tokyo’s Ginza. Compared to last year, prices in Chiyoda-ku, Minato-ku and Chuo-ku appear to be mostly rising, continuing a trend established about three years ago. For the rest of Tokyo, prices are fairly flat.
Central Kobe is not following the central Tokyo trend, with prices in Chuo-ku, Kobe continuing to fall. Part of Sannomiya-cho in Chuo-ku is valued at 2.2m yen per square meter (down from 2.3m yen last year). The trend for most of Kobe and Ashiya is that values are continuing to fall.
There is one bright spot in Kobe, and that happens to be an area covered by ffeilden. Values in some select areas of Higashi-Nada-ku are rising. In particular the residential areas around up-and-coming (still) Okamoto are rising. There were rises in Shinoharakita-machi in Rokko and parts of Sumiyoshi.
Next year we wouldn’t be surprised to see the increases in value spreading to other fashionable parts of Kobe.
Online application form
Have you seen our online application form yet? Unlike many online application forms, this is very easy to complete, with only two mandatory fields.
Residential Land
Rokko Akamatsu-cho 311,000yen / tsubo26,300,000 yen 83 tsubo 276 m2
Rokko Obanoyama 183,000 yen / tsubo
39,800,000 yen 217 tsubo 720 m2
Rokko Rokko san 36,000 yen /tsubo
5,000,000 yen 139 tsubo 462 m2
30,600,000 yen 116 tsubo 384.86 m2
Mikage Mikage Yamate 3 chome 890,000 yen /tsubo
48,000,000 yen 53 tsubo 178.36 m2
Okamoto Okamoto 6 chome 402,000 yen /tsubo
45,000,000 yen 111 tsubo 369.64 m2
Okamoto Okamoto 7 chome 1,300,000 yen / tsubo
97,000,000 yen 74tsubo 245.52 m2
Sannomiya Yamamoto Dori 4 chome 545,000 yen /tsubo
27,500,000 yen 50 tsubo 166.93 m2
Sannomiya Kitano 3 chome 1,070,000 / tsubo
65,000,000 yen 60 tsubo 199.73 m2
Ashiya Ashiya Yamate 1,080,000 / tsubo
87,000,000 yen 80 tsubo 264.47 m2
Ashiya Okuike 192,000 yen / tsubo
29,000,000 yen 151 tsubo 500 m2