Okinawa Monorail Land market overview

The average price of a sq.m Land of Okinawa Monorail (Akamine to Shuri), in Jan, 2017 to Mar, 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Kennchoumae station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Makishi station, where prices have decreased -21.8% compared to last year; a sq.m unit now costs 200,000 JPY/sq.m.

The top 1 stations has seen prices increase -10.0% (-17,373 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.8% (-55,882 JPY/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%)

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 Makishi, the highest market value along this railway was 200,000 JPY/sq.m. The market value represents a decrease of 55,882 JPY (-21.8%) 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 price of a sq.m Land of Kennchoumae, the lowest market value along this railway was 155,555 JPY/sq.m. The market value represents a decrease of 17,373 JPY (-10.0%) compared to 1 year ago and a transition to a weak 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.).

Okinawa Monorail (Stations Land market overview)
Okinawa MonorailThis year(2017)1 year ago2 years ago
Akamine-109,766 JPY (0.0Y/392.5sq.m)152,380 JPY (0.0Y/210.0sq.m)
Oroku-223,661 JPY (0.0Y/388.3sq.m)164,444 JPY (0.0Y/450.0sq.m)
Ounoyamakouenn-63,365 JPY (0.0Y/255.0sq.m)129,237 JPY (0.0Y/303.0sq.m)
Tsubogawa-200,000 JPY (0.0Y/1000.0sq.m)188,571 JPY (0.0Y/35.0sq.m)
Asahibashi-297,902 JPY (0.0Y/443.8sq.m)340,000 JPY (0.0Y/250.0sq.m)
Kennchoumae155,555 JPY (0.0Y/135.0sq.m)172,928 JPY (0.0Y/100.0sq.m)110,187 JPY (0.0Y/116.7sq.m)
Miebashi-237,500 JPY (0.0Y/238.3sq.m)140,000 JPY (0.0Y/100.0sq.m)
Makishi200,000 JPY (0.0Y/90.0sq.m)255,882 JPY (0.0Y/340.0sq.m)181,395 JPY (0.0Y/430.0sq.m)
Asato-89,069 JPY (0.0Y/477.5sq.m)100,451 JPY (0.0Y/520.0sq.m)
Omoromachi-248,412 JPY (0.0Y/467.5sq.m)199,885 JPY (0.0Y/167.9sq.m)
Furujima-141,388 JPY (0.0Y/267.0sq.m)100,636 JPY (0.0Y/392.0sq.m)
Shiritsubyouinnmae-187,878 JPY (0.0Y/165.0sq.m)170,370 JPY (0.0Y/270.0sq.m)
Gibo-156,292 JPY (0.0Y/336.7sq.m)102,164 JPY (0.0Y/171.7sq.m)
Shuri-121,039 JPY (0.0Y/330.0sq.m)128,347 JPY (0.0Y/268.0sq.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.
Top

Noteworthy stations

Kennchoumae155,555 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Kennchoumae was 155,555 JPY/sq.m. The market value represents a decrease of 17,373 JPY (-10.0%) compared to 1 year ago and a transition to a weak 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 135.0 sq.m (a +35.0% increase compared to the 100.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 11.7 min in 2016 and 14.0 min in 2017; +20.0%)

Makishi200,000 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Makishi was 200,000 JPY/sq.m. The market value represents a decrease of 55,882 JPY (-21.8%) 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 90.0 sq.m (a -73.5% decrease compared to the 340.0 sq.m of last year.).


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)