Expansion of the Greater Tokyo Used-Housing Market and Rising Renovation Demand
First written in FY2020. 11 of 22 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Group estimates that the used condominium distribution market in the Tokyo metropolitan area targeted by cowcamo was ¥10 trillion as of 2025.」
The estimated size of the used condominium distribution market in the Tokyo metropolitan area was updated from ¥6.6 trillion as of 2023 to ¥10 trillion as of 2025. The Company also indicated that properties at least 25 years old are expected to account for 60% of the market in 2025. - FY2026-H1AdvancedAnnual report
「During the 3-month period from November 2025 to January 2026, which was the company's second-quarter period, the number of closed transactions for used condominiums in the Tokyo metropolitan area totaled 11,753, up 22.3% from the same period of the previous year. In January 2026, the closed transaction price per square meter was ¥869,900, up 6.3% year on year, exceeding the year-earlier month for the 69th consecutive month since May 2020. The closed transaction price was ¥54.93 million, up 6.7%, exceeding the year-earlier month for the 15th consecutive month. Inventory was 44,776 units, down 1.5% year on year, falling below the year-earlier month for the 6th consecutive month.」
For the Tokyo metropolitan used condominium market, the company disclosed the latest quantitative data: 11,753 closed transactions over 3 months, a closed transaction price per square meter of ¥869,900, a closed transaction price of ¥54.93 million, and inventory of 44,776 units. Closed transactions and prices increased, while inventory declined year on year. - FY2025-H1AdvancedAnnual report
「In January 2025, the number of transactions involving existing condominiums in the Tokyo metropolitan area was 3,242, up 19.6% year on year and above the same month of the previous year for the 3rd consecutive month. The transaction price per square metre was ¥818,800, up 7.8% year on year and exceeding the same month of the previous year for the 57th consecutive month since May 2020. The transaction price was ¥51.47 million, up 5.9% and exceeding the same month of the previous year for the 3rd consecutive month. Inventory stood at 45,478 units, down 4.2% year on year and below the same month of the previous year for the 9th consecutive month, although it increased 1.1% month on month.」
For the Tokyo metropolitan used condominium market, the company disclosed the latest quantitative data: 3,242 closed transactions, a closed transaction price per square meter of ¥818,800, a closed transaction price of ¥51.47 million, and inventory of 45,478 units. Closed transactions and prices continued to rise, while inventory declined year on year. - FY2024AdvancedAnnual report
「The Tokyo metropolitan used condominium distribution market targeted by cowcamo is estimated at ¥6.6 trillion as of 2023. Among the existing used condominium stock, the proportion of properties at least 25 years old rose from 32% in 2015 to 58% in 2023 and is estimated to exceed 60% of the total in 2025.」
The estimated size of the Tokyo metropolitan used condominium distribution market was updated from ¥6.3 trillion to ¥6.6 trillion, while the proportion of properties at least 25 years old was estimated at 58% in 2023 and more than 60% in 2025. - FY2024-Q3AdvancedAnnual report
「In April 2024, the number of transactions involving existing condominiums in the Tokyo metropolitan area was 3,251, up 10.1% year on year and above the same month of the previous year for the 11th consecutive month. The transaction price per square metre rose to ¥780,800, up 11.3% year on year and exceeding the same month of the previous year for the 48th consecutive month, while the transaction price rose to ¥50.18 million, up 11.9% and exceeding the same month of the previous year for the 47th consecutive month. Market inventory had been recovering since June 2021, when it bottomed out at 33,641 units due to the impact of COVID-19, reaching 46,027 units in April 2024 and exceeding the same month of the previous year for the 27th consecutive month.」
For the Tokyo metropolitan used condominium market, the company disclosed quantitative updates of 3,251 closed transactions, up 10.1% year on year, a closed transaction price per square meter of ¥780,800, a closed transaction price of ¥50.18 million, and inventory of 46,027 units. The increases in closed transactions and prices, as well as the recovery in inventory, are continuing. - FY2024-Q2AdvancedAnnual report
「In January 2024, the number of transactions involving existing condominiums in the Tokyo metropolitan area was 2,711, up 5.0% year on year and above the same month of the previous year for the 8th consecutive month since June 2023. The transaction price per square metre rose to ¥759,800, up 11.2% year on year and exceeding the same month of the previous year for the 45th consecutive month, while the transaction price rose to ¥48.6 million, up 13.7% and exceeding the same month of the previous year for the 44th consecutive month. Market inventory had been recovering since June 2021, when it bottomed out at 33,641 units due to the impact of COVID-19, reaching 47,449 units in January 2024 and exceeding the same month of the previous year for the 24th consecutive month.」
For the Tokyo metropolitan used condominium market, the company disclosed quantitative updates of 2,711 closed transactions, up 5.0% year on year, a closed transaction price per square meter of ¥759,800, a closed transaction price of ¥48.60 million, and inventory of 47,449 units. The increases in closed transactions and prices, as well as the recovery in inventory, are continuing. - FY2024-Q1AdvancedAnnual report
「In October 2023, the number of transactions involving existing condominiums in the Tokyo metropolitan area was 3,287, up 7.0% year on year and above the same month of the previous year for the 5th consecutive month since June 2023. The transaction price per square metre rose to ¥745,500, up 7.4% year on year and exceeding the same month of the previous year for the 42nd consecutive month, while the transaction price rose to ¥47.65 million, up 8.4% and exceeding the same month of the previous year for the 41st consecutive month. Market inventory had been recovering since June 2021, when it bottomed out at 33,641 units due to the impact of COVID-19, reaching 46,312 units in October 2023 and exceeding the same month of the previous year for the 21st consecutive month.」
For the used condominium market, the company disclosed an increase in closed transactions, higher closed transaction prices per unit and per square meter, and a recovery in inventory to 46,312 units. This was a quantitative update indicating continued market growth and recovery. - FY2023AdvancedAnnual report
「The Tokyo metropolitan used condominium distribution market targeted by cowcamo is estimated at ¥6.3 trillion as of 2022.」
The company disclosed that the Tokyo metropolitan used condominium distribution market was estimated at ¥6.3 trillion and that the proportion of properties at least 25 years old was expected to rise from 31.5% in 2015 to 49.5% in 2025, identifying these as medium- to long-term growth drivers for the used and renovated housing market. - FY2023-Q3Continued inventory recovery and narrower decline in transactionsAnnual report
「According to the East Japan Real Estate流通機構, a public interest incorporated foundation, the number of closed transactions for used condominiums in the Tokyo metropolitan area declined to 2,954 in April 2023, down 4.5% year on year. However, the closed transaction price per square meter rose 2.1% year on year to ¥701,700, exceeding the year-earlier month for the 36th consecutive month, while the closed transaction price rose 2.8% to ¥44.86 million, exceeding the year-earlier month for the 35th consecutive month. Inventory of used condominiums in the Tokyo metropolitan area has also been recovering since June 2021, when it stood at 33,641 units, reaching 45,596 units in April 2023.」
Against the backdrop of continued growth in the used condominium market, closed transaction prices per unit and per square meter continued to rise, while inventory recovered. The number of closed transactions declined, but the year-on-year decline narrowed from the previous quarter. - FY2023-Q2RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to report that the addressable market is on an expansionary trend, driven by persistently high prices for newly built condominiums, the expansion of used condominium distribution and growing awareness of renovations. - FY2023-Q1RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by persistently high prices for newly built condominiums, the expansion of used condominium distribution and growing awareness of renovations. - FY2022-Q2RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by persistently high prices for newly built condominiums, the expansion of used condominium distribution and growing awareness of renovations. - FY2022-Q1RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by persistently high prices for newly built condominiums, the expansion of used condominium distribution and growing awareness of renovations. - FY2021AdvancedAnnual report
「Housing demand increased due in part to the spread of remote work, causing market inventory to decline 23% year on year as of July 2021 and creating a low-supply, high-demand market.」
The company disclosed persistently high prices for new housing, the expansion of used condominium distribution, growing awareness of renovations, and a 23% decline in market inventory as of July 2021, resulting in low supply and high demand. - FY2021-Q3RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of used condominium distribution in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by persistently high prices for newly built condominiums, the expansion of used condominium distribution and growing awareness of renovations. - FY2021-Q2RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by the expansion of used condominium distribution and growing awareness of renovations. - FY2021-Q1RestatedAnnual report
「The external environment for this business remains favorable for growth in the renovation condominium distribution market, driven by the expansion of the used condominium market in response to persistently high prices for newly built condominiums and growing customer awareness of renovations.」
The company continues to believe that the addressable market is on an expansionary trend, driven by the expansion of used condominium distribution and growing awareness of renovations. - FY2020First statedAnnual report
「The Greater Tokyo used-housing distribution market expanded from ¥1,315 billion in 2013 to ¥1,661.6 billion in 2018, and we believe the addressable market for this business is on an expansionary trend.」
The expansion of the used-housing distribution market and the growing number of older condominiums are presented as the basis for expansion of cowcamo’s addressable market.