According to a survey by the Real Estate Economic Institute, the average price of a new condominium in Tokyo’s 23 wards reached 116.32 million yen in fiscal 2024, marking an 11.2% increase from the previous year and exceeding the 100 million yen threshold for the second consecutive year. The Ministry of Land, Infrastructure, Transport and Tourism reported that as of January 1st, nationwide land prices for all property types rose 2.7% from the previous year—the highest rate since the economic bubble, and the fourth consecutive annual increase. Otani explained that based on an analysis of extensive data by the Sumitomo Mitsui Trust Research Institute, the second half of the discussion would focus on trends in the condominium market and the impact of Trump’s tariffs.
Published at: 2025-05-05 22:40:54
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