Okinawa Monorail Land market overview [Show ]

The average price of a sq.m Land of Okinawa Okinawa Monorail, in 2017 was 177,778 JPY/sq.m. The market value represents an increase of 7,365 JPY (+4.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands ( The market value represents a decrease of 38 (-95.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 112.5 sq.m (a -68.0% decrease compared to the 351.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

Causes of price decreases

  • An increase in average distance from the station (representing 11.3 min in 2016 and 12.5 min in 2017; +10.4%)
Data regarding the market value and its changes of Land in Okinawa Monorail were calculated using data on the sales of 882 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

StationsAverage Trading PriceAverage Unit Price
Akamine [Land utilization ]39,116,667 JPY103,838 JPY/sq.m
Oroku [Land utilization ]25,415,517 JPY133,288 JPY/sq.m
Ounoyamakouenn [Land utilization ]31,371,429 JPY108,400 JPY/sq.m
Tsubogawa [Land utilization ]67,609,762 JPY134,336 JPY/sq.m
Asahibashi [Land utilization ]114,263,158 JPY220,330 JPY/sq.m
Kennchoumae [Land utilization ]66,598,730 JPY193,546 JPY/sq.m
Miebashi [Land utilization ]85,406,000 JPY189,895 JPY/sq.m
Makishi [Land utilization ]46,608,621 JPY169,232 JPY/sq.m
Asato [Land utilization ]26,814,444 JPY114,522 JPY/sq.m
Omoromachi [Land utilization ]56,226,087 JPY199,797 JPY/sq.m
Furujima [Land utilization ]44,067,857 JPY156,229 JPY/sq.m
Shiritsubyouinnmae [Land utilization ]27,337,500 JPY122,136 JPY/sq.m
Gibo [Land utilization ]31,278,205 JPY117,392 JPY/sq.m
Shuri [Land utilization ]27,620,833 JPY120,014 JPY/sq.m