Residential Transactions & Cap Rates in Sapporo
46 transactions from J-REIT timely disclosures｜Last updated: July 18, 2026 (refreshed weekly)
Transactions
46
Median CR (all time)
4.90%
CR range (last 3 years)
4.1–5.0%
Avg. price (all time)
6.3×¥100M
0 transactions were disclosed in the last 12 months. The all-time median cap rate across 31 deals is 4.90%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
Breakdown by ward
| Ward | Transactions | Cap rate |
|---|---|---|
| 札幌市中央区 | 13 | 4.80% |
| 札幌市東区 | 10 | 5.50% |
| 札幌市豊平区 | 5 | 4.70% |
| 札幌市北区 | 4 | 4.55% |
| 札幌市西区 | 3 | 5.00% |
| 札幌市清田区 | 3 | 5.10% |
| 札幌市白石区 | 3 | 5.70% |
All transactions (46)
Show transactions older than 5 years (16)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2018/08 | S-FORT Higashi Sapporo Nordo | 白石区 | 3.0×¥100M | — | 14 | REIT-IR ↗ |
| 2018/02 | S-FORT Toyohira Sanjo | 豊平区 | 7.6×¥100M | — | 11 | REIT-IR ↗ |
| 2017/09 | Proceed Kotoni | 西区 | 2.8×¥100M | 5.70% | 26 | REIT-IR ↗ |
| 2017/09 | Proceed Hondori | 白石区 | 5.3×¥100M | 5.70% | 28 | REIT-IR ↗ |
| 2017/09 | Proceed Kanjo-do Higashi | 東区 | 3.0×¥100M | 5.50% | 27 | REIT-IR ↗ |
| 2017/03 | Proseed Motomachi | 東区 | 2.3×¥100M | 5.70% | 26 | REIT-IR ↗ |
| 2017/03 | Proseed Motomachi 2 | 東区 | 1.3×¥100M | 5.70% | 27 | REIT-IR ↗ |
| 2017/03 | Proceed Motomachi | 東区 | 2.3×¥100M | — | — | REIT-IR ↗ |
| 2017/03 | Proceed Motomachi 2 | 東区 | 1.3×¥100M | — | — | REIT-IR ↗ |
| 2015/07 | S-FORT Kita Odori | 北区 | 6.9×¥100M | — | 3 | REIT-IR ↗ |
| 2014/04 | Skyhills N11 | — | 15.7×¥100M | — | 14 | REIT-IR ↗ |
| 2005/12 | a NEXT Sapporo Dai 18 | 西区 | 2.0×¥100M | — | 14 | REIT-IR ↗ |
| 2005/12 | aNEXT Sapporo Dai 4 | 東区 | 0.9×¥100M | — | 15 | REIT-IR ↗ |
| 2005/12 | a NEXT Hondori | 白石区 | 3.9×¥100M | — | 16 | REIT-IR ↗ |
| 2005/12 | a NEXT Sapporo Dai 17 | 東区 | 2.3×¥100M | — | 15 | REIT-IR ↗ |
| 2005/12 | a NEXT Motomachi | 東区 | 1.5×¥100M | — | 14 | REIT-IR ↗ |
FAQ
What is the average cap rate for Residential in Sapporo?
The median cap rate across 31 J-REIT disclosed transactions (all time) is 4.90% (as of July 18, 2026, appraisal NOI yield basis).
What is the data source?
Disclosure PDFs from TDnet (Tokyo Stock Exchange timely disclosure) and official J-REIT IR pages. Every record links to its source.