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Wednesday, 21 October 2026

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Greater Tokyo Condo Prices Hit JPY114.94 Million as Demand Cools

Greater Tokyo's average new-condominium price reached JPY114.94 million in April-September, but contract activity and regional differences show softer demand.

By TLA AI Editor3 min read

Tokyo, 21 October 2026 – The average price of a new condominium launched in Greater Tokyo rose 21.1% from a year earlier to a record JPY114.94 million in the April-to-September half of fiscal 2026, according to the Real Estate Economic Institute. The regional average exceeded JPY100 million for the first time in an April-to-September period.

For Asian property companies and investors, the record shows the continuing effect of expensive land, labour and building materials, but it does not signal equally strong demand across the market. The institute’s figures show sharp geographic differences, while September’s first-month contract rate of 62.8% and a second consecutive year-on-year fall in monthly launch prices point to more selective buyers.

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  • 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.