In the Nikkei Shimbun (10th November 2025), based on Tokyo Kantei research.
In the six central wards of Tokyo (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, and Shibuya), the average price was 179.97 million yen, up 62.6% from November 2024.
The survey covers newly built wooden detached houses (including land) with a lot area of 50 to 100 square meters, and properties within a 30-minute walk or 20-minute bus ride from the nearest station.
The article speculates that this is being driven by a number of "luxury properties" coming on the market (although this is kind of a circular argument as the reason they're called "luxury" is mainly because they are pricey).
In the six wards of Jonan and Josei (including Shinagawa and Setagaya), prices rose (a still eye-watering) 23.2% year-on-year to 109.72 million yen, while in the 11 wards of Johoku and Joto, prices rose 6.6% to 66.71 million yen.
by Bob_the_blacksmith