The decrease — the first in six years — came after prices rose nearly 30% to a record high in 2023 when several luxury condos ...

Tokyo new condo prices fell last year, moderating to a more sustainable growth trend after a big jump in 2023.

In 2023 alone, the Tokyo metropolitan area saw over 4,000 units of over 100-million-yen luxury apartments being offered, including Mita Garden Hills in central Tokyo, where a 376.50 square-meter ...

The average price of the apartments put on sale in the month in the capital’s 23 wards hit 217.5 million yen, 2.7 times higher than in the same month the previous year. In the wider Tokyo ...