The average price of new condominiums in the greater Tokyo area jumped 63.7% year-on-year to ¥164.93 million, while Tokyo’s 23 wards rose 96% to ¥265.20 million — both record highs. On 5ch, posters cried out with “Who can even afford this?” and “Only investors and the rich can live there now,” while others pointed to a Canadian investment fund’s ¥100 billion bulk purchase and asset inflation driven by the government’s aggressive fiscal spending.
The average price of new condominiums in the greater Tokyo area has topped ¥160 million, setting a new record high. The average price in Tokyo’s 23 wards also hit a new record, reaching ¥265.20 million.
According to the Real Estate Economic Institute, the average price of new condominiums sold in the greater Tokyo area in July rose 63.7% year-on-year to ¥164.93 million — the highest since records began.
Within that, Tokyo’s 23 wards saw a 96% increase to ¥265.20 million, also a new record high.
Source: news.yahoo.co.jp / Original article here
Might just sell my used condo and move back in with my parents.
>>3
That's the way to go.
I already sold mine and retired early (FIRE — Financial Independence, Retire Early).
Living it up every day in a cool mountain retreat.
That's the way to go.
I already sold mine and retired early (FIRE — Financial Independence, Retire Early).
Living it up every day in a cool mountain retreat.
Cheaper than I expected, honestly.
Guess that's still about right.
Guess that's still about right.
>>5
That's a 96% jump.
Go ahead, keep buying up.
That's a 96% jump.
Go ahead, keep buying up.
Only investors and rich people can afford to live there now — hurry up and crash already.
Civil servants who whine about 'life being tough' with a straight face while quietly taking out a mortgage on their own home
https://rio2016.5ch.io/test/read.cgi/koumu/1724138468/
https://rio2016.5ch.io/test/read.cgi/koumu/1724138468/
>>18
Life is tough, sure, but
I got my own home anyway.
It's a detached house, so I'm living comfortably.
Life is tough, sure, but
I got my own home anyway.
It's a detached house, so I'm living comfortably.
>>18
Well, life is tough whether you're a civil servant or work in the private sector.
Well, life is tough whether you're a civil servant or work in the private sector.
If you'd just move a little farther out, you could live in a mansion.
>>21
'Chiba-verly Hills,' huh (a joking nickname for pricier Chiba suburbs, punning on 'Beverly Hills').
'Chiba-verly Hills,' huh (a joking nickname for pricier Chiba suburbs, punning on 'Beverly Hills').
There must be enough people who can afford it if that's the price, right?
What's the actual problem?
What's the actual problem?
>>22
The problem is I'm not one of those people.
The problem is I'm not one of those people.
There are probably idiots out there taking out 50-year mortgages in their 20s for this, right?
>>31
Well, maxing out a mortgage and investing whatever's left over is the more profitable move.
Are you too broke to understand how interest rates work?
Well, maxing out a mortgage and investing whatever's left over is the more profitable move.
Are you too broke to understand how interest rates work?
>>44
Excuse me?
Don't talk nonsense to me — I hold a Level 1 Certified Financial Planner license (Japan's top-tier FP qualification).
Excuse me?
Don't talk nonsense to me — I hold a Level 1 Certified Financial Planner license (Japan's top-tier FP qualification).
>>44
Under [PM] Takaichi's aggressive fiscal spending,
the winners are whoever borrows money and buys land.
Kind of like the old bubble era…
Under [PM] Takaichi's aggressive fiscal spending,
the winners are whoever borrows money and buys land.
Kind of like the old bubble era…
Feels like it was just last year that breaking ¥100 million was the big news lol
>>36
There's also news that new detached houses are actually the cheaper option now.
'New detached houses in Tokyo's 23 wards holding steady in the ¥90 million range — seen as a bargain versus condos, driving demand'
Products
August 12, 2026, 11:00
[Subscriber-only article]
https://www.nikkei.com/article/DGXZQOUB067XB0W6A800C2000000/
There was a thread about this on 5ch.io a little while back too:
'[Tokyo's 23 Wards] New detached houses holding at ¥90 million range — seen as a bargain versus condos' [Nomi no Ichi★ — a regular handle used by 5ch's automated news-thread poster]
https://asahi.5ch.io/test/read.cgi/newsplus/1786501861/
There's also news that new detached houses are actually the cheaper option now.
'New detached houses in Tokyo's 23 wards holding steady in the ¥90 million range — seen as a bargain versus condos, driving demand'
Products
August 12, 2026, 11:00
[Subscriber-only article]
https://www.nikkei.com/article/DGXZQOUB067XB0W6A800C2000000/
There was a thread about this on 5ch.io a little while back too:
'[Tokyo's 23 Wards] New detached houses holding at ¥90 million range — seen as a bargain versus condos' [Nomi no Ichi★ — a regular handle used by 5ch's automated news-thread poster]
https://asahi.5ch.io/test/read.cgi/newsplus/1786501861/
What is going on with this?
Who can even afford this?
Regulate it like Singapore does.
Who can even afford this?
Regulate it like Singapore does.
>>46
It's because foreign firms are buying it up as a business.
Gotta hand it to them, pretty sharp.
'Canadian fund buys up 50 domestic condo buildings in bulk for ¥100 billion, moving into the rental market'
Financial institutions
August 14, 2026, 18:00 [Paid subscriber-only article]
https://www.nikkei.com/article/DGXZQOUB302N90Q6A730C2000000/
Inflows of overseas investment money into Japan's housing market continue.
Canadian investment fund Brookfield recently bought up rental condominiums across the four major metro areas in bulk for over ¥100 billion.
Some see the price surge as topping out, but the fund expects resilient demand amid an inflationary economy.
Brookfield is one of the world's leading infrastructure and real estate investment funds.
It has previously invested in properties like Dentsu Group's headquarters building in Shiodome, Tokyo, but this marks its first move into Japan's residential market.
It's because foreign firms are buying it up as a business.
Gotta hand it to them, pretty sharp.
'Canadian fund buys up 50 domestic condo buildings in bulk for ¥100 billion, moving into the rental market'
Financial institutions
August 14, 2026, 18:00 [Paid subscriber-only article]
https://www.nikkei.com/article/DGXZQOUB302N90Q6A730C2000000/
Inflows of overseas investment money into Japan's housing market continue.
Canadian investment fund Brookfield recently bought up rental condominiums across the four major metro areas in bulk for over ¥100 billion.
Some see the price surge as topping out, but the fund expects resilient demand amid an inflationary economy.
Brookfield is one of the world's leading infrastructure and real estate investment funds.
It has previously invested in properties like Dentsu Group's headquarters building in Shiodome, Tokyo, but this marks its first move into Japan's residential market.
>>46
Only fools hold these as individual owners anymore.
Less than half the units in buildings like this are actually lived in.
The rooms sell fine, but since they're investment units the buildings are hollow inside.
The management association can never agree on anything, so you can guess how that ends up.
Only fools hold these as individual owners anymore.
Less than half the units in buildings like this are actually lived in.
The rooms sell fine, but since they're investment units the buildings are hollow inside.
The management association can never agree on anything, so you can guess how that ends up.
The more the population shrinks, the more it concentrates in the greater Tokyo area.
Sure, ¥200 million could build you a mansion out in the countryside, but 20 or 30 years from now when you go to sell, a Tokyo place could easily fetch ¥300-400 million.
A countryside mansion, at best, is worth next to nothing — worst case, you end up paying just to get rid of it.
Sure, ¥200 million could build you a mansion out in the countryside, but 20 or 30 years from now when you go to sell, a Tokyo place could easily fetch ¥300-400 million.
A countryside mansion, at best, is worth next to nothing — worst case, you end up paying just to get rid of it.
>>63
You think a tower condo in Kitasenju (a once-working-class Tokyo neighborhood that's become trendy) is going to skyrocket or something?
You think a tower condo in Kitasenju (a once-working-class Tokyo neighborhood that's become trendy) is going to skyrocket or something?
>>70
It will.
Check back in 20 years.
It will.
Check back in 20 years.
>>74
It didn't hold up last time, during the bubble era.
It didn't hold up last time, during the bubble era.
Still, everyone wants to live in Tokyo.
Prefectures People Want to Live In, 2026 ranking
'Ii Heya Net Livability & Desired-to-Live-In Towns Ranking 2026 (Prefecture Edition)' released
August 19, 2026
https://www.kentaku.co.jp/news/survey/2026/sumicoco_todofuken2026.html
Prefectures People Want to Live In, 2026 ranking
'Ii Heya Net Livability & Desired-to-Live-In Towns Ranking 2026 (Prefecture Edition)' released
August 19, 2026
https://www.kentaku.co.jp/news/survey/2026/sumicoco_todofuken2026.html
'Ii Heya Net Livability & Desired-to-Live-In Towns Ranking 2026 (Prefecture Edition)' released
August 19, 2026
Livability Ranking 2026
Prefecture ranking
https://www.kentaku.co.jp/news/survey/2026/sumicoco_todofuken2026.html
August 19, 2026
Livability Ranking 2026
Prefecture ranking
https://www.kentaku.co.jp/news/survey/2026/sumicoco_todofuken2026.html
>>153
Made it into the top 10 lol
Made it into the top 10 lol
*This article is compiled from excerpts and a summary of the 5ch (Breaking News+) thread “Greater Tokyo’s July New Condo Prices Hit Record ¥164.93 Million Average — 23 Wards at ¥265.20 Million.”