
No More Flipping: Tokyo’s Chiyoda Ward Bans Resales for 5 Years
Introduction: The First of Its Kind
On July 18, 2025, Tokyo’s Chiyoda Ward took a groundbreaking step in Japan’s real estate policy: it formally requested cooperation from the Real Estate Companies Association of Japan to curb speculative condominium transactions. This marks the first time a Japanese local government has directly asked the real estate industry to limit short-term resale activity due to housing price inflation and supply pressure.








