Market Chatter: Tokyo New Condo Prices Top 100 Million Yen for First Time in H1 2026

MT Newswires Live11:44

The average price of a new condominium in Tokyo and three surrounding prefectures surpassed 100 million yen for the first time in the first half of this year, jumping 13.1% on-year to a record 101.35 million yen, Nikkei Asia reported Tuesday, citing data from the Real Estate Economic Institute.

Higher construction costs drove prices upward in the January-June period. Prices in central Tokyo rose 9.1% to 142.49 million yen, while those in Chiba surged 56.8% to 89.97 million yen. Prices in Kanagawa rose 20% to 83.46 million yen, while those in Saitama fell 1.3% to 64.69 million yen, the report said.

New condo listings in Tokyo and the neighboring prefectures declined 0.8% to 7,989 units, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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