Land prices / Okinawa / Ishigaki

2023–2025 published land transactions

Hirae land prices and price trends

This page aggregates publicly released transactions classified as residential land (land only) for the address area Hirae, Ishigaki. It does not limit transactions by the buyer's intended use.

Median transaction price per m² (2023–2025)
JPY 29,796 / m²
Median sample 8Five-year sample 11
Estimated price for 99.2 m² (30 tsubo)
JPY 2.96M
Simple estimate using the displayed median
Estimated land + building budget
JPY 44.54M
99.2 m² (30-tsubo) building using the 2025 benchmark

Hirae location

Hirae location map

The orange point is the neighborhood representative point. Green points are stations within 1.5 km straight-line distance.

Station
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Price distribution (2023–2025)

Middle 50% price range
JPY 23,444 / m² – JPY 67,306 / m²
Average transaction price
JPY 39,438 / m²

Estimated land price by plot size (2023–2025)

Plot sizeEquivalent in tsuboMedian estimateMiddle 50% estimate
66.1 m²20 tsuboJPY 1.97MJPY 1.55M JPY 4.45M
99.2 m²30 tsuboJPY 2.96MJPY 2.33M JPY 6.68M
132.2 m²40 tsuboJPY 3.94MJPY 3.1M JPY 8.9M
165.3 m²50 tsuboJPY 4.93MJPY 3.88M JPY 11.13M

These are simple land-only estimates calculated from the displayed median and quartile price per m², not medians of transactions at each plot size.

Land-price trend

Transaction medianOfficial land price
2122232425
Year20212022202320242025
Public transactions2
Indicative
1
Indicative
3
Indicative
4
Indicative
1
Indicative
Official observations11111

Medians and changes can move sharply in years with few transactions.

The displayed period change compares transaction medians in 2021 and 2025. Published transactions and official residential land-price observations are separate series.

Latest official residential land-price observations: 1.

Published land transactions (2023–2025)

PeriodAreaPricePrice / m²Road widthZoning
2025-10390.0 m²JPY 8.3MJPY 21,175 / m²Not disclosedNon-line-delineated city-planning area
2024-10200.0 m²JPY 360,000JPY 1,815 / m²10 mNon-line-delineated city-planning area
2024-011500.0 m²JPY 35MJPY 24,200 / m²22 mNon-line-delineated city-planning area
2024-01330.0 m²JPY 22MJPY 66,550 / m²25 mNon-line-delineated city-planning area
2024-01230.0 m²JPY 7MJPY 29,948 / m²Not disclosedCategory I exclusively low-rise residential zone
2023-07370.0 m²JPY 28MJPY 72,600 / m²16.5 mCategory I exclusively low-rise residential zone
2023-07260.0 m²JPY 18MJPY 69,575 / m²9.8 mNeighborhood commercial zone
2023-01330.0 m²JPY 9.8MJPY 29,645 / m²12 mNon-line-delineated city-planning area

Transactions are listed newest first. They are not filtered by residential intent or buyer type. Low unit price alone is not treated as atypical. “Value check” is limited to invalid values or extremely high unit prices and does not necessarily indicate an error.

Hirae land-price summary

The median published transaction price in Hirae for 2023–2025 is JPY 29,796 / m². A 99.2 m² (30-tsubo) plot would therefore be about JPY 2.96M by simple multiplication. The period-change figure compares yearly transaction medians in 2021 and 2025.

Sources and methodology

Land prices, transaction examples, trends and official land-price observations are based on public data. Small samples can be strongly affected by the conditions of individual transactions.

Source: MLIT Real Estate Information Library ↗