Story perspectives
Tokyo Condo Prices Surge Amid Rising Rent Crisis
9/29/2025
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Story summary
- August 2025: Tokyo's new-condominium average hits ¥138.1 million.
- Affordability worsens as central Tokyo condos need ¥20 million annual income.
- Rents for small Tokyo apartments rise to ¥103,952, the 15th straight month of record highs.
- In 2024, foreign investment reached ¥939.7 billion, accounting for 17% of domestic real estate investment.
- Chiyoda Ward targets speculative purchases to curb costs and vacancies amid remote-work shifts.
