The typical worth of recent condominiums within the Tokyo metropolitan space surpassed ¥100 million for the primary time within the first half of 2026, the Actual Property Financial Institute mentioned Tuesday.
The determine rose 13.1% from a yr earlier than to ¥101.35 million, based on the institute’s information that coated Tokyo and the three neighboring prefectures of Saitama, Kanagawa and Chiba.
Within the capital’s 23 wards, the common worth rose 9.1% to a document excessive of ¥142.49 million, marking the fourth consecutive yr that costs exceeded ¥100 million within the January-June interval.
In Chiba, the common jumped 56.8% to ¥89.97 million, additionally a document excessive, boosted by gross sales of high-priced condominiums within the metropolis of Funabashi. The remainder of Tokyo and Kanagawa additionally posted record-high common costs, whereas Saitama noticed its common edge down barely.
Hovering development prices and a scarcity of land in Tokyo’s 23 wards have led to a rise in new condominium provide in areas round central Tokyo, boosting the recognition of the areas.
“Even when costs ease considerably within the autumn, they’re more likely to stay near ¥100 million,” Tadashi Matsuda, a researcher at Actual Property Financial Institute, mentioned of ranges within the Tokyo metropolitan space.
Within the first half, the variety of condominium models equipped within the space fell 0.8% from a yr earlier to 7,989 models, the second-lowest degree on document. It was the third consecutive yr that first-half provide remained under 10,000 models.
