Trend Monthly, Oct. 2022 edition

1. Housing market

(1). Listing volume; 1. REINS registered properties

*Sales of new homes and condo.’s are excluded.
*Land: Sales of land within a range of 100 to 200 sqm are counted.

(1). Listing volume; 2. REINS inventory

*Sales of new homes and condo.’s are excluded.
*Land: Sales of land within a range of 100 to 200 sqm are counted.

(2). Contracts concluded; 1. REINS contracts concluded

*Sales of new homes and condo.’s are excluded.
*Land: Sales of land within a range of 100 to 200 sqm are counted.

(2). Contracts concluded; 2.Registered transfer of titles due to purchase and sale (Nationwide)

(3). Price trends; 1. REINS contract unit price, Unit price per sqm

*Sales of new homes and condo.’s are excluded.
*Land: Sales of land within a range of 100 to 200 sqm are counted.

(3). Price trends; 2. Officially published land prices (Greater Tokyo area)

*Officially published land prices are the prices of standardized values published late March annually by the LandAppraisal Committee of the Ministry of Land, Infrastructure, Transport and Tourism in accordance with the PublicNotice of Land Prices Act. The Land Appraisal Committee determines and publishes normal prices based on appraisalsby real estate appraisers and others of benchmark locations selected across the nation as of January 1 each year.

■Changes over the last five years.

(3). Price trends; 3. JREI home price indices

※Total：Average of Greater Tokyo area（Tokyo・Kanagawa・Chiba・Saitama）
 

■Changes over the last two years.

※Total：Average of Greater Tokyo area（Tokyo・Kanagawa・Chiba・Saitama）

(3). Price trends; 4. Real estate price index（mansion）（South Kanto area・Nagoya・Kyoto-Osaka-Kobe area）

*Real estate prices indexed monthly, classified nationally, by block and by metropolitan area based on price data of almost300,000 dwelling and condominium transactions conducted over 12 months.

※South Kanto area：Tokyo・Kanagawa・Chiba・Saitama
※Nagoya：Aichi・Gifu・Mie
※Kyoto-Osaka-Kobe area：Osaka・Hyogo・Kyoto

(3). Price trends; 4. Real estate price index（mansion）（Hokkaido・Tohoku・Chugoku・Kyushu）

*Real estate prices indexed monthly, classified nationally, by block and by metropolitan area based on price data of almost300,000 dwelling and condominium transactions conducted over 12 months.

(4). New home market; 1. Condominium sales in Greater Tokyo area

(4). New home market; 2. Contract conclusion rate and inventory of condominiums in Greater Tokyo area

(4). New home market; 3. Average price of condominiums in Greater Tokyo area

(4). New home market; 4. Transition of new housing construction work starting（Countrywide・Tokyo area）

(5). Mortgage interest rates

　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　as of October 1, 2022

*Bank interest rates:Those by Sumitomo Mitsui Banking Corporation are shown here.
*Rate as of 1st of each month

2. Office building and new construction markets

■Office building, new construction markets

(1). Office leasing; 1. Vacancy rate in central 5 wards of Tokyo

*Survey subject: Large rental office buildings with standard floor space exceeding 331sqm in Tokyo business district(Chiyoda ward, Chuo ward, Minato ward, Shinjuku ward, and Shibuya ward)
*New buildings: Buildings completed less than one year ago.

(1). Office leasing; 2.Rents in central 5 wards of Tokyo

*Survey subject: Same as above.
*New buildings: Same as above.

(2). Construction; 1. Value of construction orders received

*Value of construction orders received: Total value of orders received by Japan's 50 largest construction companies.Both private sector construction and public works projects by national and local governments are included.

(2). Construction; 2. Construction Materials Price Index, Construction Cost Deflator

*Construction Cost Deflator: An index prepared by the Ministry of Land, Infrastructure, Transport and Tourism to convertnominal construction cost into real construction cost. This is also used as a construction cost index.

(3). Investment; 1. TSE REIT Index (reference data: Topix, Nikkei Stock Price Average)

*List of sources

REINS registered properties, Stocks, Contractsconcluded, Average contract price
："Market Watch" by Real Estate Information Network for EastJapan

Registered transfer of titles due to purchase and sale
：Registration Statistics by Ministry of Justice

Officially published land prices
：Official Posting of Land Prices by Ministry of Land,Infrastructure, Transport and Tourism

Property Price Index (Residential)
：Property Price Index by Ministry of Land, Infrastructure,Transport and Tourism

JREI Home Price Index
：JREI Home Price Index by Japan Real Estate Institute

Mortgage interest rates
：Various financial institutions. Sumitomo Mitsui BankingCorporation for Bank interest rates

Condominium sales, Price, Contracts conclusionrate, Stocks
：Trends in Development of Condominiums and Homes for Saleby Real Estate Economic Institute Co., Ltd.

New home construction starts of dwellings
：Statistics on Construction Undertaken by Ministry of Land,Infrastructure, Transport and Tourism

Office vacancy rates/rents
：Office Market Report by Miki Shoji Co., Ltd.

Value of construction orders received
：Current Survey of Orders Received for Construction (Top 50Contractors) by Ministry of Land, Infrastructure, Transport and Tourism

Construction Materials Price Index
：Construction Materials Price Index by Economic Research Association

Construction Cost Deflator
：Construction Cost Deflator by Ministry of Land, Infrastructure,Transport and Tourism

TSE REIT Index
：Tokyo Stock Exchange, Inc.