Overview
- The Tokyo Metropolitan Government selected four consortiums as candidate operators for its Affordable Housing Supply Promotion Fund.
- The city plans a ¥100 billion contribution this fiscal year, with private investment bringing the total to roughly ¥200 billion.
- Around 300 units are slated from fiscal 2026 at about 80% of market rents, primarily serving child‑rearing households and similar groups.
- Selected groups include Nomura Real Estate, SMBC Trust Bank and Mitsubishi UFJ Trust Bank, with each fund setting rents and tenant criteria.
- Investments will target new and existing condominiums as well as vacant houses, with terms allowing lower expected returns in exchange for deeper rent reductions.