- July 18, 2025
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Tokyo Apartment Prices Rise 11.5% Year-on-Year
According to a report by the Real Estate Economic Institute Co., Ltd., the average price of newly built condominiums in the Tokyo metropolitan area has reached ¥79.43 million, reflecting an 11.5% increase compared to the same period last year.
Tokyo Apartment Prices Rise as Demand Stays Strong in March 2025
According to a report released in March 2025 by the Real Estate Economic Institute Co., Ltd., key trends in the newly built condominium market in the Tokyo metropolitan area are as follows:
A total of 1,288 units were released, marking a slight decrease of 31 units (2.4%) compared to the same month last year (1,319 units).
The average price rose to ¥79.43 million, up 11.5% year-on-year, with the price per square meter reaching ¥1.215 million. Both figures increased for the first time in two months.
The first-month contract rate was 69.7%, with areas outside Tokyo’s 23 wards exceeding 70%, indicating steady buyer demand in suburban areas.
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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