In June 2025, the average asking price for used condominiums in Tokyo's 23 wards reached 103.33 million yen per 70 square meters (up 2.4% from the previous month), setting a new record high. Prices have risen for 14 consecutive months, with a significant increase of +38.2% compared to the same month last year. This data is based on a survey conducted by real estate research firm Tokyo Kantei and was reported by the Nikkei newspaper on July 24.

*Source: Nihon Keizai Shimbun (summary of article published on July 24, 2025)

The background to this is that the supply of new condominiums is decreasing and prices are rising, which is driving up demand in the used market. The influx of wealthy individuals from Japan and abroad is also contributing to the rise in prices.

The six central wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, and Shibuya) led the increase, and with the increased supply of newly built luxury properties such as Harumi Flag in Chuo Ward, the average price in central Tokyo reached 106.415 million yen, the highest since 2004.

However, looking at the price increase rates for the last three months, we can see a slowing trend, with +2.9% in April, +1.7% in May, and +0.5% in June. The percentage of properties that are reduced in price after being put on the market has reached 37.4%, suggesting that buyers are beginning to feel that prices are very high. The number of properties on the market is also on the rise, and it is likely that prices in central Tokyo will enter a period of adjustment in the future.

On the other hand, the Jonan and Josai areas (Shinagawa, Meguro, Setagaya, etc.) remain strong, showing stable movement with a month-on-month increase of 1.7% (average price of 86.23 million yen). In addition, surrounding areas such as Kanagawa and Saitama continue to see price increases, so from an investment perspective, it is effective to broaden your horizons beyond the city center.

【CEO's Perspective】

The market as a whole remains strong, and the pre-owned condominium market continues to be an attractive investment target. However, prices in central Tokyo are reaching their ceiling, and it is now more important than ever to be selective in choosing which area and which property to invest in.

We provide prudent investment advice based on comprehensive analysis of supply and demand, price trends, and future prospects, tailored to each customer's financial situation and investment objectives. We offer a wide range of properties, from newly built properties in central Tokyo to high-yield properties in suburban areas. Please feel free to contact us for consultation.