According to a report by the Real Estate Economic Institute Co., Ltd., the average price of newly built condominiums in the Tokyo metropolitan area is 79.43 million yen, marking an 11.5% increase compared to the previous year.
According to the Real Estate Economic Institute Co., Ltd.’s report released in March 2025, the key trends in the newly built condominium market in the Tokyo metropolitan area are as follows:
- 1,288 units released, a decrease of 31 units (2.4%) compared to the same month last year (1,319 units).
- Average price of 79.43 million yen (an 11.5% increase), with a price per square meter of 1.215 million yen. Both figures show an increase for the first time in two months.
- First-month contract rate is 69.7%, with areas outside the 23 wards reaching the 70% range.
With the increasing population in Tokyo and the rise in foreign residents, condominium demand has been supported, and the rising cost of materials has further contributed to the price hike.
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