RESIDENTIAL RENTAL Tokyo: Snapshot of Typical Asking Rents (approx) MARKET TRENDS STANDARD PREMIUM Typical length of tenancy 24 months Locations Ebisu, Roppongi, Akasaka, Daikanyama, Nakameguro, Azabu, Daikanyama, Roppongi, Akasaka, Yoyogi Uehara, Notice period Shibuya, Shinjuku, Bay Area Hiroo, Omotesando, Shibuya 2 months Indicate if Indicate if Typical deposit rental price is rental price is 2 to 4 months Rent From Rent To up, down or Rent From Rent To up, down or Property Pro昀椀le (JPY/Month) (JPY/Month) unchanged (JPY/Month) (JPY/Month) unchanged Unique situations from previous from previous • A non-refundable payment known quarter quarter as “key money” of 1 to 2 months of rent may be required. This is most Typical Size 440 sqft 770 sqft 530 sqft 880 sqft 1 Bed Apt 2023-Q4 190,000 440,000 400,000 860,000 — common in the Standard type of accommodation. Typical Size 550 sqft 880 sqft 880 sqft 1,430 sqft • If a contract is broken within the 2 Bed Apt 2023-Q4 250,000 600,000 — 500,000 1,700,000 — 昀椀rst year, one month’s rent will be payable as a penalty. Typical Size 770 sqft 1,100 sqft 1,430 sqft 1,980 sqft • Tenants are also required to take 3 Bed Apt 2023-Q4 350,000 800,000 1,150,000 2,600,000 up a 昀椀re insurance policy that may cost between 20,000 to 30,000 JPY Typical Size 1,870 sqft 2,530 sqft for a 2-year contract. 4 Bed Apt 2023-Q4 NOT AVAILABLE 1,300,000 2,800,000 Typical Size 3,175 sqft 4,187 sqft 4/5 Bed House 2023-Q4 NOT AVAILABLE 3,000,000 No ceiling —