Minato Ward Property Investment Situation! The Features of the Town

Minato ward is located in approximately the center of the major Tokyo 23 Wards.
According to the statistics of Minato ward, there are 259,036 residents at the time of January 1st, 2021.
It is a wealthy town with the high average annual income and rental market value.
Furthermore, there are substantially more condominiums than detached houses.
With those information, what are the features of the town?

The Average Annual Income of Minato Ward is Outstanding

Ministry of Internal Affairs and Communications publishes the statistics of each municipal annual income and taxation status every year.
In the year of 2020, Minato ward ranked top by the average annual income per resident of 11,630,000JPY, and it has been every year.
The second rank is Chiyoda ward of 10,050,000JPY, thus the average annual income of Minato ward is prominently high.
There are many reasons for the high average annual income, but it seems that the successful people are attracted to the high-status image of the town and move to the luxury condominiums.
Therefore, Minato ward is a wealthy town where wealthy people gather.

The Rent is Higher than the Other Districts

The rent in Minato ward is higher than other districts as the average annual income is high.
According to the rental market value website, the rental market value of the leasing properties for a single household in Minato ward is 124,300JPY.
It is almost twice as high as Edogawa ward of 67,200JPY, the cheapest rental market value in Tokyo.

＜The Rental Market Value of Minato Ward＞

●1R・1K・1DK：124,300JPY
●1LDK・2K・2DK：222,900JPY
●2LDK・3K・3DK：332,700JPY
●3LDK・4K・4DK：380,200JPY

It may be difficult to live in this ward without economic strength as many celebrities live in this area.
However, Minato ward is a composite town consisting of former Shiba ward, Azabu ward, and Akasaka ward.
There are many leasing condominiums with the size of over 100㎡ expecting foreigners to live as there are many embassies in Azabu area.
In addition, there are many low-rise condominiums unlike the other wards with high-rise condominiums.

Minato Ward Property Investment Situation! The Future Prospects of Minato Ward According the Populational Factors

How about the future prospects of Minato ward in terms of real estate investment?
First of all, the high-status image of Minato ward will not easily fade away.
The ward may continue to be looked as the place where "successful people" live, and expected to attract those who admire the status in the coming future as well.

The Total Population of Minato Ward

According to the statistics of Tokyo's households and population issued by Tokyo Metropolitan Government, the population of Minato ward is 259,036 at the time of January 1st, 2021.
It is ranked as 17th place out of 23 wards in Tokyo.
The population is not as many as the other wards, but it has grown one and two times greater than its population ten years ago, thus the population growth rate is increasing.
Despite the fact that the population is decreased by 1,343 in 2021 compared to the last year affected by COVID-19, it is notable that the population may continue to grow.
Consequently, the demand for the leasing properties continues to be steady on a long-term basis.

Daytime Population and Number of Companies in Minato ward

18% of high-rise buildings in 23 Wards of Tokyo with over 15th floors, and 27% of high-rise buildings with over 30th floors are built in Minato ward.
This data is outstanding in Tokyo indicating that many companies reside in this ward.
According to the Economic Census-the Basic Research, the number of companies in Minato ward in 2014 is 39,375 which ranked top in 23 Wards of Tokyo.
Moreover, Minato Ward has the most daytime population, and has been ranked top since 2005.
Especially, it centers the information and communication industry which all the main five commercial broadcasters in Tokyo headquarter in Minato ward.
As you can see, many people are coming to Minato ward to work, thus this area may be suitable for the investment of one room apartments.

Accessibility of Minato Ward

In recent years, one's sense toward the perspective of time and distance has been changed drastically.
How well you spend a leisure time and how much time you can get is becoming more important.
It is not like it used to be when living in the suburb is common, but having more time by living in the center of the city with less time for commuting.
In addition, it became popular to live and go to a shopping mall in the inner city, thus more people are moving to the center of Tokyo.
Let's see the access of Minato ward.

＜Lines Running in Minato Ward＞

●JR East: Yamanote Line・Keihin-Tohoku Line・Tokaido Line・Yokosuka Line
●Tokyo Metro: Ginza Line・Marunouchi Line・Hibiya Line・Chiyoda Line・Hanzomon Line・Nanboku Line
●Toei Subway: Toei Asakusa Line・Toei Mita Line・Toei Oedo Line
●Yurikamome：Tokyo Rinkai Shinkotsu Rinkai Line
●Keihin Electric Express Railway: Main Line
●Tokyo Monorail: Haneda Airport Line

The access to the main area of Tokyo is extremely convenient as there are 16 lines running through Minato ward.
On this account, the area is very popular as you can shorten the commuting time.

Minato Ward Property Investment Situation！ The Popular Area in Minato Ward

Minato ward is a notable area where the population is continuously growing at this day.
In addition to the high-status image, the characteristics of investment properties in Minato ward are that there are many aged, but well-managed buildings made of high quality materials with good design.
Therefore, accessibility seems to be more valued than how new a building is.
There is a high demand of one room apartment for single persons where close to train stations as there are many companies in Minato ward.

Shibakoen Sta. Area

Shibakoen ranks top on the increase rate of price for second-hand apartment in Minato-ku.
The price of used apartments increased 28% compared to 10 years ago.
The access of Shibakoen Station to the main areas and downtowns in Tokyo is quite good as it only takes 7min to Otemachi Station. and 13min to Shinagawa Station.
There is Shiba Shopping Street, shopping malls, and hospitals in the area, so it is safe to say that the residential environment is good.
Furthermore, it is a popular area to the businesspersons who value the easy access and commuting time as it is close to Shimbashi and Toranomon.

Shirokanedai Sta. Area

Shirokanedai is well known nationwide as high-end residential area.
Women who live in this neighborhood is even called Shiroganese.
Although the area is in the center of Tokyo, there is a lot of greenery and you can live a relaxed life.
The area is popular among families as the ward is dotted with educational institutions such as Shirokane Campus of Meiji Gakuin University and Meiji Gakuin High School.

Omotesando Sta. Area

Omotesando is a trendsetting area for adults.
The access to the main area in Tokyo is good as there are three lines including Tokyo Metro Ginza Line, Hanzomon Line, Chiyoda Line running through Omotesando Sta.
The streets are lined with the luxurious brand shops and there are stylish restaurants around the station.
Many people consider the area as a dream location to live, so the demand for one room apartment seems to be high.

Summary

In spite of the concern for high rent, the residential environment is well organized by the continuous large-scale developmental projects in Minato ward.
The needs of the residents are satisfied as the access is good and there are many opportunities to work.
Therefore, Minato ward is the excellent area for property investment for high-income earners.
However, it might not be the best choice for people who want to invest in properties with moderate prices as the price of properties is very high.