経済｜東京23区のマンション価格が急上昇 / Economy | Apartment prices in Tokyo’s 23 wards are skyrocketing.

Summary

In the first half of 2025, the average price of new condominiums in the 23 wards of Tokyo reached 130.64 million yen, marking a 20.4% increase compared to the same period last year.

This is the highest price on record, and the average price of new condominiums across the greater Tokyo area also rose to 89.58 million yen, reflecting a 16.7% increase year-on-year. These figures are from the Real Estate Economic Institute, which suggests that increased competition is a contributing factor.

Dialogue

This dialogue is fictional and based on the article.

Log: I heard that apartment prices in the 23 wards of Tokyo have reached an all-time high recently.
Chako: Really? They’ve gone up that much?
Log: Yeah, it’s 130.64 million yen. That’s a 20.4% increase compared to the same time last year.
Chako: That’s like taking a break in a game of Sugoroku!
Log: Right? It means buying an apartment is becoming increasingly difficult.
Navi: This is likely due to increased demand and decreased supply.
Chako: I see, so everyone wants to buy a home!

Admin’s Note

The news that condominium prices in the 23 wards of Tokyo have reached an all-time high is quite astonishing. In particular, a rise of over 20% could make housing unattainable for many people. If prices continue to climb like this, it will become increasingly difficult for younger generations to purchase homes. As Chako mentioned in our conversation, the reality feels like a game of Sugoroku (a traditional Japanese board game). I feel that some measures need to be taken.