Tokyo area condo prices top ¥100 mn in April-Sept for 1st time
AgenciesThe average price of a new condominium in Tokyo and its three surrounding prefectures in the first half of fiscal 2026 hit a record high for the fourth straight year, toppi...
For the first half of fiscal 2026, the average price of a new condominium in Tokyo and its neighboring prefectures reached a record high of over 100 million yen for the first time in four consecutive years, according to a research institute. Between April and September, the average price soared 21.1 percent to 114.94 million yen in the capital and the surrounding prefectures of Chiba, Kanagawa, and Saitama.
Central Tokyo saw a particularly dramatic increase of 34.7 percent, reaching 179.25 million yen, while areas outside the capital's 23 wards experienced a 15.9 percent rise to 79.78 million yen. Chiba Prefecture's average price climbed 24.1 percent to 73.76 million yen, while Saitama Prefecture and Kanagawa Prefecture recorded declines of 2.1 percent and 1.6 percent, respectively, to 64.57 million yen and 77.16 million yen.
The number of new condos listed for sale in the region decreased by 6.0 percent to 8,601 units. In September alone, the wider metropolitan area's average price dropped 4.1 percent to 95.52 million yen, marking the second month of consecutive declines. Notably, Kanagawa Prefecture witnessed a significant 30.8 percent drop to 68.19 million yen.
An institute official attributed the cost surge to difficulties in procuring naphtha due to the Middle East crisis, warning that prices may continue to rise in the future.
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