Okinawa Monorail Land market overview

The average price of a sq.m Land of Okinawa Monorail (Akamine to Shuri), in Apr, 2015 to Jun, 2015 was 142,959 JPY/sq.m. The market value represents an increase of 2,339 JPY (+1.7%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents a decrease of 16 (-76.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 204.0 sq.m (a -52.9% decrease compared to the 432.9 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.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Omoromachi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Asato station, where prices have increased +262.6% compared to last year; a sq.m unit now costs 115,185 JPY/sq.m.

The top 1 stations has seen prices increase +262.6% (+83,421 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.5% (-10,500 JPY/sq.m).


Cause of price increases

  • An decrease in average distance from the station (representing 14.1 min in 2014 and 11.6 min in 2015; -17.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2014 and 20.0% of total transactions in 2015)

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 Omoromachi, the highest market value along this railway was 217,241 JPY/sq.m. The market value represents an increase of 35,423 JPY (+19.5%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Asato, the lowest market value along this railway was 115,185 JPY/sq.m. The market value represents an increase of 83,421 JPY (+262.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

Okinawa Monorail (Stations Land market overview)
Okinawa MonorailThis year(2015)1 year ago2 years ago
Akamine-101,059 JPY (0.0Y/487.5sq.m)89,466 JPY (0.0Y/660.0sq.m)
Oroku-182,758 JPY (0.0Y/290.0sq.m)152,173 JPY (0.0Y/230.0sq.m)
Ounoyamakouenn152,000 JPY (0.0Y/250.0sq.m)162,500 JPY (0.0Y/240.0sq.m)191,111 JPY (0.0Y/45.0sq.m)
Tsubogawa-36,363 JPY (0.0Y/440.0sq.m)173,203 JPY (0.0Y/533.3sq.m)
Asahibashi-175,000 JPY (0.0Y/160.0sq.m)-
Kennchoumae-354,274 JPY (0.0Y/872.5sq.m)-
Miebashi-240,740 JPY (0.0Y/270.0sq.m)150,000 JPY (0.0Y/100.0sq.m)
Makishi-77,566 JPY (0.0Y/97.5sq.m)179,725 JPY (0.0Y/701.7sq.m)
Asato115,185 JPY (0.0Y/160.0sq.m)31,764 JPY (0.0Y/170.0sq.m)117,798 JPY (0.0Y/182.5sq.m)
Omoromachi217,241 JPY (0.0Y/290.0sq.m)181,818 JPY (0.0Y/110.0sq.m)193,832 JPY (0.0Y/193.8sq.m)
Furujima--148,148 JPY (0.0Y/135.0sq.m)
Shiritsubyouinnmae-110,714 JPY (0.0Y/280.0sq.m)-
Gibo--89,580 JPY (0.0Y/590.0sq.m)
Shuri-105,707 JPY (0.0Y/310.0sq.m)136,715 JPY (0.0Y/218.8sq.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

Asato115,185 JPY/sq.m (+263% compared with the previous year)

The average price of a sq.m Land of Asato was 115,185 JPY/sq.m. The market value represents an increase of 83,421 JPY (+262.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 160.0 sq.m (a -5.9% decrease compared to the 170.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2014 and 15.7 min in 2015; -47.8%)

Ounoyamakouenn152,000 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Land of Ounoyamakouenn was 152,000 JPY/sq.m. The market value represents a decrease of 10,500 JPY (-6.5%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 250.0 sq.m (a +4.2% increase compared to the 240.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2014 and 5.0 min in 2015; -79.2%)

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)