Quick answers
- Which Tokyo ward has the most expensive condos?
- Minato. In 2025 the median price per square metre for resale condominiums in Minato-ku was about ¥2.00M (about US$12,700), followed by Chiyoda (¥1.70M), Shibuya (¥1.66M) and Chuo (¥1.65M).
- How much have Tokyo condo prices risen in ten years?
- From 2015 to 2025 the median price per square metre rose in every one of the 23 wards, by between 50% (Suginami) and 90% (Katsushika).
- Where are condos cheapest in Tokyo’s 23 wards?
- In the north-east and east: Adachi (¥0.63M per square metre in 2025), Edogawa (¥0.69M) and Katsushika (¥0.71M). Katsushika also rose the most in ten years, by 90%.
We gather data objectively from the latest available sources and share what we find useful.
We hope it helps anyone looking for a home in Japan, or considering a business built around property.
In ten years, resale condo prices rose by 50% to 90% in every one of Tokyo’s 23 wards.
Median price per square metre of resale condominiums (20 m² and over), from Japan’s official transaction survey. US$ at ¥158; per square metre throughout.
Price per Square Metre in 2025, Ward by Ward
Resale condominiums · median for 2025 · ¥ per m² (≈ US$ per m²)
A ward median mixes older and newer buildings; individual homes can sit well above or below it.
How Much Prices Rose, 2015 to 2025
Change in the median price per square metre over ten years · the five biggest and five smallest rises
All 23 wards are in the table under the chart below.
The fastest rises were not only in the most expensive wards. After Katsushika and Minato came Koto, Kita and Arakawa — wards that started from lower prices. In the last year, rises were smallest in the western residential wards: Nerima, Suginami, Setagaya and Itabashi, at +4% to +5%.
Ten Years in Four Wards
Median price per square metre by calendar year. Tap or hover over a point to see the figure.
All 23 wards, every year (¥M per m²)
| Ward | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 10 yrs | Last yr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Minato | 1.07 | 1.10 | 1.15 | 1.18 | 1.25 | 1.29 | 1.36 | 1.45 | 1.54 | 1.78 | 2.00 | +87% | +12.3% |
| Chiyoda | 1.03 | 1.07 | 1.13 | 1.15 | 1.20 | 1.25 | 1.28 | 1.30 | 1.38 | 1.53 | 1.70 | +65% | +10.7% |
| Shibuya | 0.96 | 1.00 | 1.04 | 1.10 | 1.10 | 1.20 | 1.23 | 1.28 | 1.37 | 1.50 | 1.66 | +72% | +10.7% |
| Chuo | 0.95 | 1.00 | 1.00 | 1.02 | 1.05 | 1.10 | 1.18 | 1.24 | 1.30 | 1.45 | 1.65 | +74% | +13.8% |
| Meguro | 0.92 | 0.93 | 0.98 | 1.03 | 1.03 | 1.10 | 1.15 | 1.24 | 1.31 | 1.32 | 1.47 | +60% | +11.4% |
| Shinjuku | 0.90 | 0.92 | 0.95 | 1.04 | 1.05 | 1.10 | 1.14 | 1.17 | 1.20 | 1.31 | 1.40 | +56% | +6.8% |
| Shinagawa | 0.85 | 0.90 | 0.91 | 1.00 | 1.00 | 1.04 | 1.10 | 1.15 | 1.16 | 1.27 | 1.40 | +65% | +10.0% |
| Bunkyo | 0.86 | 0.90 | 0.95 | 0.96 | 1.00 | 1.05 | 1.13 | 1.14 | 1.20 | 1.22 | 1.32 | +54% | +8.9% |
| Toshima | 0.81 | 0.88 | 0.87 | 0.94 | 0.95 | 1.04 | 1.05 | 1.10 | 1.11 | 1.17 | 1.26 | +55% | +8.0% |
| Taito | 0.72 | 0.76 | 0.83 | 0.88 | 0.89 | 0.93 | 0.97 | 1.00 | 1.04 | 1.12 | 1.20 | +67% | +7.1% |
| Koto | 0.64 | 0.68 | 0.71 | 0.73 | 0.75 | 0.83 | 0.90 | 0.95 | 1.00 | 1.05 | 1.16 | +83% | +10.5% |
| Setagaya | 0.74 | 0.78 | 0.80 | 0.82 | 0.83 | 0.89 | 0.93 | 0.99 | 1.04 | 1.10 | 1.15 | +56% | +4.9% |
| Nakano | 0.71 | 0.80 | 0.83 | 0.85 | 0.90 | 0.94 | 0.96 | 1.00 | 1.04 | 1.09 | 1.15 | +61% | +5.9% |
| Sumida | 0.67 | 0.71 | 0.76 | 0.83 | 0.93 | 0.88 | 0.95 | 0.99 | 1.00 | 1.05 | 1.12 | +68% | +6.7% |
| Suginami | 0.72 | 0.75 | 0.80 | 0.80 | 0.84 | 0.88 | 0.91 | 0.95 | 0.96 | 1.03 | 1.08 | +50% | +4.5% |
| Ota | 0.67 | 0.71 | 0.71 | 0.78 | 0.79 | 0.85 | 0.90 | 0.92 | 0.95 | 0.97 | 1.04 | +54% | +7.4% |
| Kita | 0.57 | 0.66 | 0.72 | 0.76 | 0.75 | 0.76 | 0.84 | 0.90 | 0.93 | 0.93 | 1.04 | +82% | +11.9% |
| Arakawa | 0.51 | 0.60 | 0.60 | 0.63 | 0.65 | 0.67 | 0.72 | 0.82 | 0.83 | 0.82 | 0.92 | +80% | +12.6% |
| Nerima | 0.57 | 0.60 | 0.62 | 0.64 | 0.65 | 0.72 | 0.75 | 0.81 | 0.83 | 0.89 | 0.92 | +63% | +3.8% |
| Itabashi | 0.52 | 0.56 | 0.58 | 0.59 | 0.64 | 0.66 | 0.75 | 0.80 | 0.82 | 0.85 | 0.89 | +73% | +4.9% |
| Katsushika | 0.38 | 0.44 | 0.43 | 0.46 | 0.46 | 0.49 | 0.52 | 0.55 | 0.57 | 0.65 | 0.71 | +90% | +10.5% |
| Edogawa | 0.46 | 0.49 | 0.50 | 0.50 | 0.49 | 0.51 | 0.56 | 0.60 | 0.61 | 0.61 | 0.69 | +51% | +13.1% |
| Adachi | 0.36 | 0.39 | 0.40 | 0.43 | 0.46 | 0.48 | 0.50 | 0.54 | 0.56 | 0.58 | 0.63 | +76% | +7.5% |
How These Figures Are Calculated
Every figure comes from the Ministry of Land, Infrastructure, Transport and Tourism’s Real Estate Information Library, which publishes prices from its survey of completed property transactions. We took resale condominiums of 20 m² and over in each ward, divided each price by the floor area, and used the median for each calendar year from 2015 to 2025 (the survey asks buyers what they paid) — 144,690 transactions in all.
Since 2021 the Library also publishes a second series of contract prices from the industry’s listing network. In almost every ward and year that series is lower than the survey, typically by about 10% and by up to 25%, so treat these figures as the upper side of actual contract prices. Mixing the two would also create a false step in 2021, so we use the survey series alone for the whole period. 2026 is left out because only January to March has been published so far.
Frequently Asked Questions
Which Tokyo ward has the most expensive condos?
Minato. In 2025 the median price per square metre for resale condominiums in Minato-ku was about ¥2.00M (about US$12,700), followed by Chiyoda (¥1.70M), Shibuya (¥1.66M) and Chuo (¥1.65M).
How much have Tokyo condo prices risen in ten years?
From 2015 to 2025 the median price per square metre rose in every one of the 23 wards, by between 50% (Suginami) and 90% (Katsushika).
Where are condos cheapest in Tokyo’s 23 wards?
In the north-east and east: Adachi (¥0.63M per square metre in 2025), Edogawa (¥0.69M) and Katsushika (¥0.71M). Katsushika also rose the most in ten years, by 90%.
Are these asking prices?
No. They are prices from Japan’s official survey of completed transactions, published by the Ministry of Land, Infrastructure, Transport and Tourism. Each figure is the median for the year, so it describes the ward as a whole, not any one building.
Sources
Real estate transaction price information (survey), used condominiums, the 23 wards of Tokyo, Q1 2015 to Q4 2025. Downloaded 26 October 2026. Our calculation: price ÷ floor area, median by ward and calendar year, homes of 20 m² and over.
General information based on the sources listed, as of the date above. We check each figure against its source, but cannot guarantee that the information is complete, accurate or current. It is not legal, tax or investment advice; before any purchase, please rely on the original sources, the property’s disclosure statement and contract, and your own advisers.
