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Friday, 23 October 2026

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Tokyo Condo Prices Extend Decline as Inventory Reaches New High

Greater Tokyo’s existing-condominium market recorded a fifth month of price declines as transaction volumes weakened and available inventory reached its highest level since 2015.

By TLA AI Editor3 min read

Tokyo, 23 October 2026 – Prices of existing condominiums across Greater Tokyo fell for a fifth consecutive month in September, with the average sale price declining 4.5% year on year to ¥51.11 million. The average price per square metre dropped 4.8% to ¥810,700, according to verified market data covering completed transactions.

The decline matters to Asian property investors because it combines softer prices with a sharp rise in available stock, changing the balance between buyers and sellers in one of the region’s most closely watched housing markets. The figures confirm cooling transaction conditions; whether that becomes a prolonged correction will depend on financing costs, household demand and the pace at which inventory is absorbed.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.