Investor Presentaiton
Market Environment for Residential Properties
Number of Households in Tokyo
(million households)
Daiwa House REIT Investment Corporation
// Rent Per Tsubo for Apartments in 23 Wards of Tokyo
(yen/tsubo/per month)
8
6
4
50%
15,000
14,000
46%
13,000
42%
12,000
11,000
38%
10,000
34%
9,000
2015
2
0
1995
2000
2005
2010
Other household (LHS)
Couples household (LHS)
Single household (LHS)
Ratio of single household (RHS)
Source: "Population Census", Statistics Bureau, Ministry of Internal Affairs and Communications
1H-14 2H-14 1H-15 2H-15 1H-16 2H-16 1H-17 2H-17 1H-18 2H-18
5 Central Wards of Tokyo
5 Central Wards of Tokyo
(<40 m²)
......
(40 m² << 80 m²)
23 Wards of Tokyo
(<40 m²)
23 Wards of Tokyo
(40 m2 80 m²)
Source: Compiled by the Asset Manager from data published by
// Starts of Rental Apartments
Japan Real Estate Institute in "Housing Market Index".
0
// Net Population Inflow of Japanese by Area
(thousand people)
100
80
60
40
20
LL
(thousand units)
35
30
25
20
15
10
5
-20
0
2013
2014
2015
2016
2017
2018
2013
2014
2015
2016
2017
2018
■Tokyo
■ Aichi
Osaka
■Tokyo
■ Aichi
Osaka
Source: "Report on Internal Migration", Statistics Bureau, Ministry of Internal Affairs and Communications
Note: Based on the aggregate of rental apartments with steel-reinforced concrete and reinforced concrete structure.
Source: "Housing Stars", Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism
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