{
  "schema_version": "1.0",
  "slug": "real-estate-finance/japan-real-estate-appraisal-methodology",
  "source_path": "real-estate-finance/japan-real-estate-appraisal-methodology.md",
  "url": "https://finwiki.zksc.io/ja/real-estate-finance/japan-real-estate-appraisal-methodology/",
  "html_url": "https://finwiki.zksc.io/ja/real-estate-finance/japan-real-estate-appraisal-methodology/",
  "alternate_html_urls": {
    "ja": "https://finwiki.zksc.io/ja/real-estate-finance/japan-real-estate-appraisal-methodology/",
    "en": "https://finwiki.zksc.io/en/real-estate-finance/japan-real-estate-appraisal-methodology/"
  },
  "github_url": "https://github.com/jasonhnd/finwiki/blob/main/real-estate-finance/japan-real-estate-appraisal-methodology.md",
  "raw_markdown_url": "https://finwiki.zksc.io/real-estate-finance/japan-real-estate-appraisal-methodology.md",
  "domain": "real-estate-finance",
  "title": "Japan real-estate appraisal methodology",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Japan real-estate appraisal methodology",
    "aliases": [
      "japan-real-estate-appraisal-methodology",
      "Japan real estate appraisal",
      "Japan property valuation methodology",
      "JREI cap-rate survey",
      "Japan 不動産鑑定評価基準",
      "J-REIT appraisal cycle",
      "Japan DCF direct cap method",
      "Japan fudosan kantei"
    ],
    "domain": "real-estate-finance",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-29",
    "last_tended": "2026-07-29",
    "review_by": "2027-01-29",
    "confidence": "likely",
    "tags": [
      "real-estate-finance",
      "appraisal",
      "valuation",
      "jrei",
      "j-reit",
      "fair-value",
      "japan"
    ],
    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.ares.or.jp/action/jreit/",
      "https://www.reinet.or.jp/",
      "https://www.mlit.go.jp/totikensangyo/totikensangyo_tk4_000024.html",
      "https://www.asb-j.jp/en/accounting_standards/y2008/2008-1128.html",
      "https://www.jpx.co.jp/english/equities/products/reits/guidebook/b5b4pj000003984r-att/REIT.pdf",
      "https://www.jpx.co.jp/english/equities/products/reits/",
      "https://www.fsa.go.jp/en/",
      "https://www.reinet.or.jp/pdf/REIS/publication_data50th.pdf"
    ]
  },
  "summary": "Japan real-estate appraisal practice follows MLIT's 不動産鑑定評価基準 and reconciles income, comparison, and cost evidence according to the property and available data. For J-REIT analysis, keep accounting book value separate from appraisal-based fair-value NAV: JPX's 2026 guidebook expressly distinguishes",
  "headings": [
    "Japan real-estate appraisal methodology",
    "TL;DR",
    "Wiki route",
    "Real Estate Appraisal Standards",
    "Independence and conflict review",
    "Method outline",
    "Key sensitivities",
    "DCF in J-REIT practice",
    "Method outline",
    "Cap-rate survey context — JREI"
  ],
  "body_links": {
    "wikilinks_count": 21,
    "wikilinks": [
      "JapanFG/japan-real-estate-institute",
      "banking/INDEX",
      "banking/japan-master-trust-and-custody-bank-landscape",
      "banking/master-trust-bank-operating-model",
      "banking/trust-bank-custody-operating-comparison",
      "finance/INDEX",
      "insurance/INDEX",
      "insurance/japan-life-insurance-alm-overview",
      "policy-finance/INDEX",
      "policy-finance/japan-housing-finance-agency",
      "real-estate-finance/INDEX",
      "real-estate-finance/gk-tk-bond-real-estate-spv",
      "real-estate-finance/j-reit-foreign-investor-ownership",
      "real-estate-finance/j-reit-market-overview",
      "real-estate-finance/japan-cmbs-rmbs-securitization",
      "real-estate-finance/private-reit-japan-vs-listed-j-reit-comparison",
      "real-estate-finance/real-estate-bridge-fund-japan",
      "real-estate-finance/top-10-j-reit-overview-matrix",
      "trust-banks/mitsubishi-ufj-trust-bank",
      "trust-banks/mizuho-trust-bank",
      "trust-banks/sumitomo-mitsui-trust"
    ],
    "resolved_wikilinks": [
      "https://finwiki.zksc.io/ja/domains/banking/",
      "https://finwiki.zksc.io/ja/banking/japan-master-trust-and-custody-bank-landscape/",
      "https://finwiki.zksc.io/ja/banking/master-trust-bank-operating-model/",
      "https://finwiki.zksc.io/ja/banking/trust-bank-custody-operating-comparison/",
      "https://finwiki.zksc.io/ja/domains/finance/",
      "https://finwiki.zksc.io/ja/domains/insurance/",
      "https://finwiki.zksc.io/ja/insurance/japan-life-insurance-alm-overview/",
      "https://finwiki.zksc.io/ja/domains/policy-finance/",
      "https://finwiki.zksc.io/ja/policy-finance/japan-housing-finance-agency/",
      "https://finwiki.zksc.io/ja/domains/real-estate-finance/",
      "https://finwiki.zksc.io/ja/real-estate-finance/gk-tk-bond-real-estate-spv/",
      "https://finwiki.zksc.io/ja/real-estate-finance/j-reit-foreign-investor-ownership/",
      "https://finwiki.zksc.io/ja/real-estate-finance/j-reit-market-overview/",
      "https://finwiki.zksc.io/ja/real-estate-finance/japan-cmbs-rmbs-securitization/",
      "https://finwiki.zksc.io/ja/real-estate-finance/private-reit-japan-vs-listed-j-reit-comparison/",
      "https://finwiki.zksc.io/ja/real-estate-finance/real-estate-bridge-fund-japan/",
      "https://finwiki.zksc.io/ja/real-estate-finance/top-10-j-reit-overview-matrix/",
      "https://finwiki.zksc.io/ja/trust-banks/mitsubishi-ufj-trust-bank/",
      "https://finwiki.zksc.io/ja/trust-banks/mizuho-trust-bank/",
      "https://finwiki.zksc.io/ja/trust-banks/sumitomo-mitsui-trust/"
    ],
    "external_links_count": 0,
    "external_links": []
  },
  "metrics": {
    "nonspace_chars": 18017,
    "word_like_tokens": 2923,
    "inbound_wikilinks_count": 14,
    "last_modified": "2026-07-30"
  }
}