# Tokyo condominium market price trends > Live situation record from CLSTR: https://clstr.news/situations/tokyo-condominium-market-price-trends > Updated: 2026-09-11T20:26:28.000Z. Sources: 20. Developments: 7. The Tokyo condominium market continues to exhibit significant divergence between central urban areas and the broader metropolitan region. While new condominium prices in Tokyo’s 23 special wards reached a record 265.2 million yen in July 2026, recent data for used condominiums shows a slowing growth trend. In July, the average price for used units in the 23 wards reached 88.84 million yen, though the month-on-month increase decelerated to 0.2%. This deceleration is driven by a price correction in the central six wards—Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, and Shibuya—where prices fell by 1.8% as high costs make properties increasingly inaccessible to residents and investors. Conversely, prices in other areas of the 23 wards continue to rise, and the wider Tokyo metropolitan area has seen average property prices hit a record high of 75.47 million yen. By August 2026, the national real estate market saw further record-breaking trends. The national average price for individual condominium units surpassed 30 million yen for the first time since 2008, a 22.14% year-on-year increase. In the Tokyo 23 wards, average apartment prices reached 141.11 million yen, while the average price for units in the 23 wards was reported at 42.67 million yen. Despite rising prices, investment yields for single-building apartments have hit record lows, with the national average yield dropping to 7.89%. Additionally, the price of used detached houses in the Tokyo metropolitan area rose to a median of 31 million yen, a 3.4% year-on-year increase, with the Tokyo 23 wards specifically seeing an 11.1% increase. As of September 2026, these trends have created a stark divide between luxury investors and middle-income homeowners. In central areas such as Shirokane Takanawa, luxury high-rise owners have realized massive capital gains; for example, one property purchased for 160 million yen rose to approximately 300 million yen. ## Claims - High-end large condominium listings in the Tokyo Bay area increased significantly starting in mid-2024. (single source) - Since the second half of 2025, transactions in the Tokyo Bay area have commonly involved price reductions exceeding 10%. (single source) - The stabilization of inventory levels is driven by sellers accepting lower prices rather than an increase in demand. (single source) - Inventory for used condominiums priced below 100 million yen in the Tokyo metropolitan area is decreasing. (single source) - Inventory is increasing for properties priced between 100 million and 500 million yen in the Tokyo metropolitan area. (single source) - Corporate entities accounted for more than 30% of purchases at a luxury condominium in Chiyoda Ward. (single source) - Approximately 70% of corporate buyers for a Chiyoda Ward condominium were based in the Tokyo metropolitan area. (single source) ## Timeline ### 2026-09-11: Tokyo real estate shows massive gains for luxury owners and financial strain for others Tokyo's real estate market presents a dual reality: luxury condo owners are seeing massive capital gains, while others struggle with housing costs that far exceed initial rental comparisons. 2 sources. https://clstr.news/cluster/tokyo-real-estate-shows-massive-gains-for-luxury-owners-and-financial-strain-for-others ### 2026-09-09: Japan real estate prices hit record highs for condominiums and used houses Japanese real estate prices are hitting record highs, with condominium averages exceeding 30 million yen and used house prices in the Tokyo metropolitan area reaching their highest levels since 2017. 2 sources. https://clstr.news/cluster/japan-real-estate-prices-hit-record-highs-for-condominiums-and-used-houses ### 2026-09-02: Precious metals and real estate markets show significant shifts Gold and platinum prices are rising as markets react to cooling U.S. labor data and potential Fed rate pauses. Meanwhile, Japanese real estate shows mixed trends and Chinese consumers shift toward gold as an de 7 sources. https://clstr.news/cluster/japan-real-estate-market-sees-record-transactions-amid-slowing-tokyo-condo-price-growth ### 2026-08-31: Japan housing market: Regional divide in price expectations and brand rankings New data from MFS's CAPS service shows a divide in Japanese housing sentiment, with over 55% in the Tokyo area expecting price rises, while brand rankings highlight Park Court as the top-priced condominium. 2 sources. https://clstr.news/cluster/japan-housing-market-regional-divide-in-price-expectations-and-brand-rankings ### 2026-08-23: Japan real estate: Tokyo condo prices dip while metropolitan averages hit record highs Tokyo's 23-ward used condo prices have fallen for two months, while the broader metropolitan area hit record highs. Regional trends in Saitama show varying price levels across cities like Niiza and Wako. 5 sources. https://clstr.news/cluster/japan-real-estate-tokyo-condo-prices-dip-while-metropolitan-averages-hit-record-highs ### 2026-08-21: Tokyo condominium market sees price bifurcation and inventory shifts Tokyo's used condominium market is bifurcating, with inventory rising for properties over 100 million yen while falling for cheaper units. High-end sellers are increasingly using price cuts to maintain sales. 3 sources. https://clstr.news/cluster/tokyo-condominium-market-sees-price-bifurcation-and-inventory-shifts ### 2026-08-20: Tokyo condominium prices hit record 265 million yen in July New condominium prices in Tokyo’s 23 wards hit a record 265.2 million yen in July, a 96 percent annual increase driven by luxury developments and rising construction costs. 4 sources. https://clstr.news/cluster/tokyo-condominium-prices-hit-record-265-million-yen-in-july --- Cite as: Tokyo condominium market price trends. CLSTR, https://clstr.news/situations/tokyo-condominium-market-price-trends