The average price per tsubo of existing condominiums in the Tokyo metropolitan area rose 4.0% from the previous period to ¥3.567 million, setting a record high for the 10th consecutive period. The average price for new condominiums was ¥5.057 million per tsubo, up for the first time in 2 periods and the highest level in 2026.
The average price per tsubo of existing condominiums sold in the Tokyo metropolitan area was ¥3.567 million, up 4.0% from the previous period. This marked the 10th consecutive period of increases and a new record high.
A 70-square-metre family-type unit is estimated to be worth approximately ¥75.53 million when converted from the price per tsubo.
The average price per tsubo of new condominiums was ¥5.057 million, up for the first time in 2 periods and the highest level in 2026.
Tokyo Kantei, which conducted the survey, said that price trends will be closely watched ahead of potential tax reforms and the spring sales season, as prices for both new and existing condominiums continue to remain at elevated levels.