Overview

• The average price of a new condominium in the Tokyo metropolitan region rose 16.7% year-on-year to ¥89.58 million in January-June 2025, marking the highest first-half level on record.
• All prefectures except Chiba posted record first-half prices, topped by a 20.4% gain in Tokyo’s 23 wards to ¥130.64 million, while Chiba saw a 1.6% decline to ¥57.38 million.
• Developers launched 8,053 new units in the first half, down 11.2% from a year earlier and representing the second-lowest tally since 2020.
• June figures showed continued price momentum with average costs up 11.8% year-on-year to ¥91.65 million for a second consecutive month of gains.
• New condominium launches in June fell 1.3% to 1,641 units, extending the contraction in new project rollouts.