Okinawa Monorail Land market overview

The average price of a sq.m Land of Okinawa Monorail (Akamine to Shuri), in Oct, 2013 to Dec, 2013 was 133,507 JPY/sq.m. The market value represents an increase of 7,866 JPY (+6.3%) compared to 1 year ago and a transition to a strong market. 14 properties exchanged hands ( The market value represents a decrease of 29 (-67.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.1 sq.m (a -37.4% decrease compared to the 433.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

6 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Asato station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Asahibashi station, where prices have increased +248.5% compared to last year; a sq.m unit now costs 357,894 JPY/sq.m.

The top 2 stations has seen prices increase +153.5% (+147,770 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.2% (-111,202 JPY/sq.m).


Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.6% of total transactions in 2012 and 14.3% of total transactions in 2013)

Breakdown of each segment

The table below shows Land dealt in Okinawa Monorail, 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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Land stations market overview

The average price of a sq.m Land of Asahibashi, the highest market value along this railway was 357,894 JPY/sq.m. The market value represents an increase of 255,192 JPY (+248.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Furujima, the lowest market value along this railway was 95,652 JPY/sq.m. The market value represents a decrease of 116,848 JPY (-55.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Okinawa Monorail (Stations Land market overview)
Okinawa MonorailThis year(2013)1 year ago2 years ago
Akamine100,616 JPY (0.0Y/625.0sq.m)89,524 JPY (0.0Y/405.0sq.m)96,761 JPY (0.0Y/353.3sq.m)
Oroku136,931 JPY (0.0Y/152.5sq.m)124,692 JPY (0.0Y/156.2sq.m)104,349 JPY (0.0Y/220.0sq.m)
Ounoyamakouenn--92,136 JPY (0.0Y/171.7sq.m)
Tsubogawa100,000 JPY (0.0Y/110.0sq.m)205,555 JPY (0.0Y/1026.7sq.m)112,500 JPY (0.0Y/160.0sq.m)
Asahibashi357,894 JPY (0.0Y/950.0sq.m)102,702 JPY (0.0Y/1092.5sq.m)-
Kennchoumae-155,714 JPY (0.0Y/97.5sq.m)180,000 JPY (0.0Y/30.0sq.m)
Miebashi-182,500 JPY (0.0Y/598.8sq.m)185,655 JPY (0.0Y/97.5sq.m)
Makishi133,333 JPY (0.0Y/90.0sq.m)118,477 JPY (0.0Y/531.7sq.m)151,074 JPY (0.0Y/290.0sq.m)
Asato109,334 JPY (0.0Y/142.5sq.m)68,986 JPY (0.0Y/195.0sq.m)79,153 JPY (0.0Y/188.3sq.m)
Omoromachi-170,490 JPY (0.0Y/507.5sq.m)157,142 JPY (0.0Y/70.0sq.m)
Furujima95,652 JPY (0.0Y/115.0sq.m)212,500 JPY (0.0Y/240.0sq.m)185,000 JPY (0.0Y/200.0sq.m)
Shiritsubyouinnmae-141,176 JPY (0.0Y/170.0sq.m)105,892 JPY (0.0Y/252.5sq.m)
Gibo-54,215 JPY (0.0Y/915.0sq.m)-
Shuri122,114 JPY (0.0Y/172.5sq.m)102,022 JPY (0.0Y/225.5sq.m)90,937 JPY (0.0Y/315.0sq.m)
*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
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Noteworthy stations

Asahibashi357,894 JPY/sq.m (+248% compared with the previous year)

The average price of a sq.m Land of Asahibashi was 357,894 JPY/sq.m. The market value represents an increase of 255,192 JPY (+248.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 950.0 sq.m (a -13.0% decrease compared to the 1092.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2012 and 3.0 min in 2013; -83.3%)

Asato109,334 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Land of Asato was 109,334 JPY/sq.m. The market value represents an increase of 40,348 JPY (+58.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 142.5 sq.m (a -26.9% decrease compared to the 195.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 17.3 min in 2012 and 20.5 min in 2013; +18.3%)

Furujima95,652 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Furujima was 95,652 JPY/sq.m. The market value represents a decrease of 116,848 JPY (-55.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 115.0 sq.m (a -52.1% decrease compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2012 and 30.0 min in 2013; +130.8%)

Tsubogawa100,000 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Land of Tsubogawa was 100,000 JPY/sq.m. The market value represents a decrease of 105,555 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 110.0 sq.m (a -89.3% decrease compared to the 1026.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2012 and 17.0 min in 2013; +30.8%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)