Tokyo Archives - Yamamoto Property Advisory

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Central Tokyo Is Becoming a Playground for Global Capital—But Where Should Smart Buyers Look Next?

From SUUMO

Tokyo vs Coastal Japan: Condo Prices Across Key Cities in 2025

The latest SUUMO Greater Tokyo New Condo Price Map (2025) provides a striking snapshot of average condominium prices across Tokyo’s 23 wards and the surrounding prefectures. For overseas investors and expatriates, the map is a valuable guide to understanding where capital is flowing, where affordability is collapsing, and where opportunities remain.

*SUUMO is one of Japan’s largest real estate information platforms, operated by Recruit Holdings. It provides extensive listings for new condominiums, second-hand apartments, houses, land, and rental properties across Japan. Beyond property search, SUUMO also offers market data, price maps, and housing guides, making it a widely used tool for both homebuyers and investors.The numbers shown in its Greater Tokyo Price Map represent the average prices of new condominiums, converted to a standard 70㎡ unit. This makes it easier to compare across wards and cities.

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The New Face of Urban Homeownership: Why “Pencil Houses” Are Rising in Tokyo

Affordable Today, Uncertain Tomorrow — The Rise of Narrow Homes in Central Tokyo

Tokyo’s housing market is undergoing a structural shift. As condominium prices in the city’s most desirable areas surge beyond the reach of average buyers, a growing segment of households is turning to ultra-compact detached homes — known as “pencil houses” — as the last affordable foothold in central Tokyo.

Condo Prices Are Racing Ahead

According to Tokyo Kantei’s July 2025 data, the average price of a 70 sq.m. used condominium in the Tokyo 23 wards reached ¥103.33 million in June, up 2.4% month-on-month and nearly 40% year-on-year. In the central 6 wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, and Shibuya), prices averaged ¥164.15 million, marking 29 consecutive months of increases.

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Is the Tokyo Market Overheating? Central 6 Wards Now Average Over ¥160 Million

Tokyo Condo Market Soars Again in June — Driven by Core Wards and Luxury Segment

Source: Based on Tokyo Kantei Report (Released July 24, 2025)

1. Greater Tokyo Area Sees 11th Straight Month of Price Increases

According to the latest market data from Tokyo Kantei, the average asking price for a 70 sq.m. used condominium in the Greater Tokyo Area rose to JPY 58.51 million in June 2025 — up +3.0% from May and continuing the strong upward trend seen over the past year.

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Tokyo Property Prices, Foreign Capital, and the Policy Void: What the Experts Are Saying

Freedom, Fairness, and the Future of Japanese Real Estate

A Deep Dive into the PIVOT Debate between Norihiko Sasaki and Tomohiro Makino

Introduction: Japan at a Tipping Point

As residential property prices in Tokyo and other major cities surge to historic highs, a fundamental question has entered public discourse: Should Japan begin to regulate foreign ownership of its real estate?

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No Residency, No License: What Japan’s New Driver Rules Mean for Foreign Home Seekers

Driving in Japan Now Requires Proof of Residence – What It Means for Foreign Residents and Property Buyers

Japan’s National Police Agency (NPA) will implement stricter rules for converting foreign driver’s licenses into Japanese licenses (commonly called gaimen kirikae) starting October 1, 2025. This move is aimed at improving road safety and ensuring that foreign drivers fully understand Japanese traffic regulations.

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Chiyoda Ward Moves to Curb Speculative Buying: A New Era for Tokyo Condos?

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.

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Illegal Minpaku in Tokyo: A Silent Threat to Communities and Real Estate Value

The Hidden Threat of Illegal Short-Term Rentals in Tokyo: A Growing Risk to Communities and Investors
Based on reporting by The Sankei Shimbun (June 24, 2025)

Tokyo is facing a serious and growing problem: illegal short-term rentals operating under the radar of authorities. According to a June 24 article by The Sankei Shimbun, violations of Japan’s lodging laws are rampant in the capital, with properties being used as “minpaku” (private lodgings) without proper registration, or exceeding the legal 180-day cap for annual use.

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Behind the Boom: Tokyo Property Trends and the Risks No One Talks About

Tokyo Real Estate in Flux: Market Momentum and Hidden Risks for Global Investors

1. What is REINS – and Why It Matters

Before diving into market trends, it is important to understand the source of our data: REINS, or the Real Estate Information Network System.

REINS is Japan’s national multiple listing service, administered by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). Accessible only to licensed agents, it is the most authoritative database for tracking real estate listings, contract prices, and transaction volume across the country.

If you are familiar with the U.S. MLS or the UK Land Registry, REINS serves a similar role—offering professionals reliable, near-real-time insights into Japan’s property market. But our REINS totally sucks.

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Mt. Fuji and Tokyo Tower from Your Living Room: Ultra-Rare 5BR in Twin Parks Tokyo

A Trophy Residence in the Sky – 5BR at Tokyo Twin Parks with Unmatched Views and Rarity

In a city of nearly 700,000 condominiums, there are only 38 units that meet the following three conditions:

  • Located above the 40th floor

  • Feature an interior area of over 300 m²

  • Are available as privately owned freehold properties

This places the residence in the top 0.005% of all condominiums in Tokyo by size, elevation, and ownership status.

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Tokyo Becomes World’s Leading Real Estate Market in Q1 2025

Tokyo Leads Global Real Estate Investment as Japan Posts Record-High Q1 Inflows

Japan’s real estate market achieved a historic milestone in the first quarter of 2025. According to Jones Lang LaSalle (JLL), total real estate investment in Japan exceeded JPY 2 trillion for the first time ever in a single quarter, reaching JPY 2.095 trillion (USD 13.7 billion). This surge was largely driven by robust foreign capital inflows and a series of large-scale deals, with Tokyo ranking as the world’s most invested city, ahead of New York and Dallas–Fort Worth.

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