Key Facts
• In July 2025, new condominium prices in Tokyo’s metropolitan area exceeded 100 million yen.
• The average price per unit was 100.75 million yen, a 30% increase from July 2024.
• High-end properties in Tokyo’s bay area and tower apartments in Saitama’s Urawa area drove prices up.
• Rising labor and material costs have prolonged the price surge.
• Research firms predict the high-price trend will continue.
Summary
The average price of new condominiums in Tokyo’s metropolitan area surpassed 100 million yen in July 2025, reaching 100.75 million yen, a 30% year-on-year increase. This surge was driven by luxury properties in Tokyo’s bay area and tower apartments in Saitama’s Urawa district. Persistent increases in labor and material costs have contributed to the price hike, with experts forecasting that this trend will persist.
