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Summary: Used condo prices in Tokyo wards jump 37 percent in Sept. from last year NHK

1. The average price for used condominiums in Tokyo's 23 wards surpassed 100 million yen for five consecutive months, with a 70-square-meter unit costing approximately 110 million yen (roughly 720,000 USD) in September.

2. Central wards like Chuo, Minato, and Shibuya saw an almost 31% increase in average prices to about 1.15 million dollars. On the other hand, the southern and western wards, such as Shinagawa and Setagaya, experienced a 22% increase in average prices, reaching around 600,000 dollars.

3. The high demand for properties in central Tokyo has led to a decrease in the average age of used condos on the market, indicating that relatively new units are increasingly being sold due to their perceived value.
Summary
Used condominium prices in Tokyo's 23 wards exceeded 100 million yen for five consecutive months, with a 70-square-meter unit costing approximately 110 million yen in September. Central wards (Chuo, Minato, Shibuya) saw a 31% increase, reaching around 1.15 million USD, while southern and western
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ID: bdbee306-c646-473b-ae2b-668502fffced

Category ID: listed_summary

URL: https://www3.nhk.or.jp/nhkworld/en/news/20251023_B4/#summary

Date: Oct. 23, 2025

Created: 2025/10/23 20:40

Updated: 2025/12/07 23:37

Last Read: 2025/10/23 21:40