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Residential Transactions & Cap Rates in Sumida

38 transactions from J-REIT timely disclosuresLast updated: July 18, 2026 (refreshed weekly)

Transactions

38

Median CR (last 12 months)

3.50%

CR range (last 3 years)

3.5–4.6%

Avg. price (all time)

23.4×¥100M

7 Residential transactions in Sumida were disclosed in the last 12 months, with a median cap rate of 3.50%. That is 60bps lower than a year earlier.

Cap rate trend (monthly median)

3.4%3.6%3.8%4.0%4.2%202520262024/02: 3.60%(1)2024/03: 3.85%(2)2024/05: 3.70%(1)2024/08: 3.60%(1)2025/05: 4.10%(1)2025/07: 4.10%(1)2025/12: 4.10%(2)2026/01: 3.50%(1)2026/04: 3.50%(1)2026/05: 3.50%(1)2026/07: 3.50%(1)3.50%4.10%3.50%

Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.

All transactions (38)

DatePropertyPriceCap rateAgeSource
2026/07Prime Maison Kinshicho42.7×¥100M3.50%1REIT-IR
2026/05Grand Casa Hikifune II311.5×¥100M3.50%1TDnet
2026/04Park Axis Oshiage Residence17.7×¥100M3.50%8REIT-IR
2026/01THE PALMS Kinshicho17.0×¥100M3.50%3REIT-IR
2025/12Park Cube Kinshicho13.1×¥100M3.60%5REIT-IR
2025/12Park Axis Oshiage Residence17.7×¥100M8REIT-IR
2025/12HF Oshiage Residence21.4×¥100M4.60%0REIT-IR
2025/07HF Hikifune Residence EAST9.7×¥100M4.10%4REIT-IR
2025/05HF Oshiage Residence21.4×¥100M1REIT-IR
2025/05HF Ryogoku Residence EAST8.8×¥100M4.10%4REIT-IR
2024/08Comforia Honjo Azumabashi II13.0×¥100M3.60%0REIT-IR
2024/05Proseed Kinshicho23.9×¥100M3.70%19REIT-IR
2024/03HF Hikifune Residence13.8×¥100M4.00%5REIT-IR
2024/03Comforia Hikifune11.6×¥100M3.70%29REIT-IR
2024/02Gran Casa Ryogoku Verde22.1×¥100M3.60%1REIT-IR
2023/07Muse Ryogoku II6.3×¥100M22REIT-IR
2023/04Splendid Kinshicho I8.5×¥100M3.50%2REIT-IR
2023/04PROUD FLAT Kikukawa27.2×¥100M3.70%3REIT-IR
2023/04PROUD FLAT Kinshicho II20.3×¥100M3.40%3REIT-IR
2023/03TLR Residence Ryogoku20.0×¥100M3.30%19REIT-IR
2022/10Prime Urban Mukaijima6.4×¥100M4.30%33REIT-IR
2022/10Grandcasa Hikifune27.6×¥100M3.60%1REIT-IR
2022/10Grandcasa Ryogoku East11.2×¥100M3.70%1REIT-IR
2022/04Park Axis Kikukawa24.1×¥100M3.70%18REIT-IR
2022/04Proceed Kinshichō 25.4×¥100M3.60%15REIT-IR
2022/02Proceed Kinshi-cho 25.4×¥100M16REIT-IR
2021/08Urban Park Ryogoku11.2×¥100M4.00%24REIT-IR
Show transactions older than 5 years (11)
DatePropertyPriceCap rateAgeSource
2021/06Muse Ryōgoku II7.1×¥100M19REIT-IR
2021/06Park Axis Kikukawa Station Gate32.0×¥100M3.70%8REIT-IR
2021/06HF Yahiro Residence12.2×¥100M5.20%1REIT-IR
2021/02Maison Dino7.0×¥100M6.90%15REIT-IR
2021/02Residence Kinshicho7.0×¥100M16REIT-IR
2019/08S-FORT Kinshicho15.1×¥100M28REIT-IR
2017/11Proceed Kinshicho21.4×¥100M4.10%12REIT-IR
2008/06Premier Stage Ryogoku15.0×¥100M1REIT-IR
2007/11Premier Stage Honjo Azumabashi26.4×¥100M1REIT-IR
2006/11Proceed Ryogoku4.4×¥100M3REIT-IR
2006/11Proceed Honjo-azumabashi3.4×¥100M1REIT-IR

FAQ

What is the average cap rate for Residential in Sumida?

The median cap rate across 7 J-REIT disclosed transactions in the last 12 months is 3.50% (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.

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