Shuri Land average value

Price 41,746,875 JPY
  (113,142 JPY/sq.m)
- Dist. from Sta. 16.3 min walk
- Property area 333.1 sq.m

The average price of a sq.m Land of Okinawa Monorail Shuri, in 2016 was 126,831 JPY/sq.m. The market value represents a decrease of 1,516 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 288.0 sq.m (a +7.5% increase compared to the 268.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2015 and 13.0 min in 2016; -31.6%)
Data regarding the market value and its changes of Land in Shuri were calculated using data on the sales of 162 properties provided by the MLIT Japan.

Shuri Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
首里石嶺町13,000,000 JPY409,286 JPY/sq.mShuri16 min
首里金城町20,000,000 JPY330,579 JPY/sq.mShuri15 min
首里石嶺町19,000,000 JPY546,172 JPY/sq.mShuri15 min
首里石嶺町21,000,000 JPY447,878 JPY/sq.mShuri16 min
首里石嶺町37,000,000 JPY453,015 JPY/sq.mShuri16 min
首里石嶺町15,000,000 JPY495,868 JPY/sq.mShuri16 min
首里金城町13,000,000 JPY99,940 JPY/sq.mShuri16 min
首里石嶺町18,000,000 JPY517,425 JPY/sq.mShuri16 min
首里石嶺町20,000,000 JPY426,552 JPY/sq.mShuri15 min
首里石嶺町9,900,000 JPY467,531 JPY/sq.mShuri16 min
首里石嶺町11,000,000 JPY303,028 JPY/sq.mShuri15 min
首里石嶺町35,000,000 JPY503,051 JPY/sq.mShuri16 min
字幸地40,000,000 JPY287,458 JPY/sq.mShuri16 min
字幸地37,000,000 JPY305,785 JPY/sq.mShuri16 min
首里石嶺町18,000,000 JPY517,425 JPY/sq.mShuri15 min
首里金城町25,000,000 JPY317,861 JPY/sq.mShuri15 min
首里石嶺町18,000,000 JPY495,868 JPY/sq.mShuri16 min
首里石嶺町29,000,000 JPY281,964 JPY/sq.mShuri17 min
首里金城町110,000,000 JPY330,579 JPY/sq.mShuri14 min
首里石嶺町14,000,000 JPY544,479 JPY/sq.mShuri14 min

Okinawa Monorail Railway market report

2017. Jan Mar
 2 tradings
2016. Jan Dec
 56 tradings
2015. Jan Sep
 44 tradings
2014. Jan Dec
 51 tradings
2013. Jan Dec
 119 tradings
---1Q
2
-3Q
18
2Q
10
1Q
12
-3Q
15
2Q
5
1Q
24
4Q
1
3Q
22
2Q
21
1Q
7
4Q
14
3Q
30
2Q
27
1Q
48
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Land value Distance From The Station transition

Market values (unit price: sq.m, m2) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Distance From The Station is updated.)
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Color:

Unit:
Property Details:
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Trading Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.

Age of a building Property area Total floor area Distance from the station




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Calculate Shuri Land market value

We can calculate market values for Land based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Okinawa Monorail Shuri Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true}}
({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading data in Shuri

Past Land sales data, with similarly entered ages, area, and distances from station are as follows.

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}
Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:

Unit:

Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2015 and 13.0 min in 2016; -31.6%)
The table below shows Land dealt in Okinawa Monorail Shuri, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

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Area close to the price in Shuri

The closest areas in terms of Land price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Okinawa Monorail Ounoyamakouenn (42) [Stations]21,000,000108,094 yrs11 min200 sq.m
Okinawa Monorail Akamine (60) [Stations]29,500,000100,000 yrs14 min275 sq.m
Other Okinawa Monorail (882) [Stations]26,000,000140,000 yrs10 min230 sq.m
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