Management Business and Leasing Business Overview
Appendix 3
Property Sales Business Market Trends (Property Sales to Individuals)
Metropolitan Tokyo Condominium Market: Initial Month Contract & Unsold Inventory
10
(Thousands of units)
12
Inventory (LHS)
Initial month contract rate (RHS)
Avg. initial
contract rate for
2008: 62.7%
Avg. initial
contract rate for
2009: 69.7%
Avg. initial
contract rate for
2010: 78.4%
(%)
100
82.8%
(3/2010)
79.7%
(3/2011)
90
76.0%
(4/2011)
8
80
6
70
4
60
2
50
0
40
Source: Real Estate
Economic Institute Co.,
1/2004 7/2004 1/2005 7/2005 1/2006 7/2006 1/2007 7/2007 1/2008 7/2008 1/2009 7/2009 1/2010 7/2010 1/2011
4/2011
Ltd.
Metropolitan Tokyo Condominium Market: New Units Launched and Average Price per Unit
(Millions of yen)
75
85
50
46.6
(1.4%)
84
49.2
(5.5%)
74
51.5
(4.7%)
(Thousands of units)
New units launched (LHS)
Avg. unit price Tokyo 23 wards (LHS)
-Avg. unit price metro Tokyo (RHS) M
100
70
61.2
(18.9%)
59.3
(-3.1%)
(YoY comparison in parentheses)
51.9
(-12.5%)
55.0
(5.9%)
60
50
50
60
60
61
44
45
25
25
41.0
(0.9%)
41.1
(0.1%)
42.0
(2.2%)
46.4
(10.6%)
36
47.8
(2.8%)
47.2
40
40
45.4
(-5.0%)
(4.0%)
0
50
30
2004
2005
2006
2007
2008
2009
2010
(Calendar years)
Source: Real Estate
Economic Institute Co.,
Ltd.
31View entire presentation