［Survey Data］Analysis of Used Condominium Prices in the Five Central Wards of Tokyo! Chiyoda-ward is popular among overseas investors, and other recommended areas and price ranges ［Part 1］

Estate Technologies Inc.(Head office: Shibuya-ku, Tokyo; CEO: Hiroshi Sawa), a developer of real estate tech solutions such as real estate price assessments and property information distribution based on its strength in big data analysis using AI, has released survey data based on data from its proprietary “real estate data platform”.

The survey data shows the price trends of used condominiums in the five central wards of Tokyo (Shibuya, Shinjuku, Chiyoda, Chuo and Minato wards) over the past two years (unit price per square meter in yen per square meter).

Target: Exclusive area: 70 m2 -135 m2, Year built: 2000 – 2024, Within 10 min. walk from station, 2-10 million yen per square meter

TOPIX

In all five central Tokyo wards, used condominium prices have increased compared to two years ago.Chiyoda-ku led the list with a 77.67% price increase, followed by Shibuya-ku with a 32.64% price increase and Minato-ku with a 24.92% price increase.

On the other hand, prices in Chuo and Shinjuku wards rose by less than 110%, indicating that even in the five wards of central Tokyo, there was a large difference in the rate of price increase by area.

■Method: Survey based on the real estate data platform owned by Estate Technologies Corporation

 ■Subjects: Exclusive area: 70-135 m2 , Year built: 2000-2024, Within 10 min walk from station, Unit price per square meter: 2-10 million yen 

■Counting period: July 2022 – July 2024 

Survey Background

Tokyo is attracting a great deal of attention from overseas real estate investors, as evidenced by the fact that Tokyo ranked first in the world with $7.65 billion in the first quarter of 2024 in the global real estate investment ranking*1 by city.

Within Tokyo, the five central wards of Tokyo are attracting a lot of attention, and a survey of price appreciation rates in high-end condominiums, which are popular among overseas investors, will help you identify the hottest wards to invest in real estate.

*1 Survey by Jones Lang LaSalle  Incorporated (JLL), a major integrated real estate company in the U.S.

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