Naha / Kokusai Street

那覇・国際通り

Okinawa
73

Investment Index

Significant Decline

Price trend: 93Volume: 31Price level: 86

Okinawa's capital and largest city. Military base proximity and tourism create a unique demand mix.

What buyers actually paid vs listing site prices

Listing sites

~¥527,059/m²

→

Actual price

¥470,588.24/m²

-11%

* Listing price estimated based on typical asking-to-transaction gaps.

1,821transactions analyzed
MLIT government data
Updated Q3 2025
¥470,588/㎡ ($2,952/㎡)median
29transactions
Mediumconfidence

Market Trends

Prices have risen 31% over the displayed period. Check whether current momentum is sustainable.

Median price per m² and transaction volume from MLIT government data. Tap data points for details.

Price vs Building Age

Post-20001981–2000Pre-1981

A 40-year-old building trades at roughly half the price of a new one. Building age is one of the biggest price drivers in this area.

Depreciation: ¥9,777/m² per yearEst. new-build: ¥713,673/m²
Premium (+20%+)Fair Value (±20%)Below Market (−20%+)

Investment Guide by Building Age

Recommendations for foreign investors based on seismic standards, depreciation, and financing.

AgeMedian/m²CountSeismicTax LifeVerdict
0–10 yrs¥675,96210✓ Modern37–47 yrs remaining● Recommended
11–20 yrs¥520,00013✓ Modern27–36 yrs remaining● Recommended
21–30 yrs¥446,6678△ Post-198117–26 yrs remaining◐ Caution
31–40 yrs¥320,0007△ Post-19817–16 yrs remaining○ High Risk
40+ yrs¥283,33311✗ Pre-19810–6 yrs remaining○ High Risk

● Recommended = Post-2000 seismic standard, financeable, strong resale · ◐ Caution = Post-1981, verify repair history · ○ High Risk = Pre-1981, limited financing, higher insurance

Market Evidence

Recent transaction samples from MLIT

These are actual sale prices recorded by the government — typically 5-15% below listing site prices.

4 of 50
Q3 2025Built 2013 (13y)
¥23,000,000
$144,264
40.0 m²|¥575,000/m²
Asahibashi
Q3 2025Built 2015 (11y)
¥48,000,000
$301,073
75.0 m²|¥640,000/m²
Shuri
Q3 2025Built 2000 (26y)
¥34,000,000
$213,260
65.0 m²|¥523,077/m²
Tsubogawa
Q3 2025Built 1991 (35y)
¥24,000,000
$150,536
85.0 m²|¥282,353/m²
Shuri

Showing 4 of 50 transactions.

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* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.

Who Invests in Naha / Kokusai Street

Typical Investor

Okinawa urban investors, military base rental operators, tourism-adjacent buyers

Investment Thesis

Okinawa's only true urban market. Military base proximity provides stable rental floor.

Key Risk

Military base policy changes. Island economy limitations on capital appreciation.

Compare with Similar Areas

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Naha / Kokusai Street — Frequently Asked Questions

What is the difference between asking price and actual transaction price in Japan?
Listing sites show asking prices set by sellers. JRE shows actual transaction prices recorded by Japan's Ministry of Land (MLIT) after deals close. The gap is typically 10-20%. This means buyers usually pay significantly less than listed prices.
Can foreigners buy property in Naha / Kokusai Street?
Yes. Japan has zero restrictions on foreign property ownership. No visa, residency, or citizenship is required. The buying process is identical for foreigners and Japanese citizens.
How reliable is the transaction data on JRE?
All transaction data comes from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) — Japan's government agency. These are actual recorded sale prices, not estimates or asking prices. Data confidence for Naha / Kokusai Street is Medium based on 29+ recorded transactions.
What is the median condo price in Naha / Kokusai Street?
Based on MLIT government records, the median actual transaction price for condos in Naha / Kokusai Street is ¥470,588/㎡ (approximately $2,952/㎡). This is the price buyers actually paid, not the asking price.
Are land prices rising or falling in Naha / Kokusai Street?
Official 2026 land price data shows Naha / Kokusai Street recorded a +5.1% change year-over-year. The national average was +2.8%. Naha / Kokusai Street is outperforming the national average.
Is Naha / Kokusai Street a good area to invest in Japanese real estate?
Naha / Kokusai Street's Investment Index on JRE is 73, combining MLIT price trends, transaction volume, and price level vs the broader market (100 is neutral on the JRE index scale). For full analysis including history and building-age context, see the charts and evidence on this page.
How many property transactions were recorded in Naha / Kokusai Street?
MLIT records show 29+ transactions in Naha / Kokusai Street for the latest period on this page. Data confidence level: Medium. More transactions mean more reliable price benchmarks for investors.

Related Guides

→ Naha Investment Guide 2026→ Japan's 2026 Foreign Investor Reporting Law→ Can Foreigners Buy Property in Japan?