Tokyo Isn’t the Hottest Market Anymore — Land Prices Are Soaring Elsewhere
Introduction
On July 1, 2025, Japan’s National Tax Agency released its latest rosenka land valuation data. While often misunderstood as a purely tax-related figure, rosenka provides a critical signal for identifying momentum in the Japanese real estate market—from redevelopment corridors in Tokyo to rising secondary cities like Saitama and Chiba.
This article is based on the July 2025 Rosenka report published by Mitsubishi Estate Real Estate Services.