Average Price of New Condos in Central Tokyo Hits Record High

TOKYO, Jul 18 (News On Japan) - The average price of newly built condominiums in Tokyo's 23 wards reached an all-time high in June, highlighting the continued rise in urban property values.

According to the Real Estate Economic Institute, the average price of a new condominium in the greater Tokyo area stood at 91.65 million yen in June, up 11.8% from a year earlier.

By region, the average for Tokyo's 23 wards climbed 13.1% to 132.05 million yen, the highest figure ever recorded.

For the first half of 2025, the average price in the 23 wards was 130.64 million yen, also marking a new high. This is the third consecutive year that the average has exceeded 100 million yen.

Source: テレ東BIZ

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