Tokyo Bayside (Chuo, Koto, Minato waterfront)¶
The waterfront parts of Chuo, Koto and Minato wards. Large-scale tower condominium supply has continued here, with a relatively high share of purchases for resale.
Current phase¶
Plateau (high prices, easing demand) (simplified) (adjustment pressure 30 / 100, confidence low, as of 2026-Q1)
There are no monthly market statistics for this area, so this is a simplified call based on MLIT's quarterly closing data (year-on-year change in price per m² and in counts, and consecutive quarters of decline). For prefectures it also uses the gap between official land prices and land transaction prices in the same districts, and the year-on-year change in resident population. The data lag about three months.
What to watch: New supply and the build-up of resale inventory; more short-term resale listings would bring a correction forward.
Resale condominium closing prices (MLIT)¶
Price per m² in units of ¥10,000 (万円). Quarters with fewer than 10 closings are not shown.
| Quarter | Median price per m² (¥10k) | Closings |
|---|---|---|
| 2024 Q2 | 128.9 | 1,023 |
| 2024 Q3 | 133.3 | 873 |
| 2024 Q4 | 138.6 | 890 |
| 2025 Q1 | 141.8 | 1,269 |
| 2025 Q2 | 152.9 | 1,225 |
| 2025 Q3 | 160.0 | 1,237 |
| 2025 Q4 | 162.9 | 1,199 |
| 2026 Q1 | 160.0 | 1,116 |
- Year-on-year change in median price per m²: +12.8% (2026 Q1)
By floor plan (resale condominiums, last 4 quarters)¶
2025 Q2 to 2026 Q1. Floor plans with fewer than 10 closings are not shown. "S" (service room) is not counted as a room.
| Floor plan | Closings | Median price (¥10k) | Median per m² (¥10k) | Median size (m²) | Per m², year on year |
|---|---|---|---|---|---|
| Studio / 1K / 1DK | 733 | 2,900 | 108.0 | 25.0 | +4.2% |
| 1LDK | 964 | 8,400 | 166.7 | 50.0 | +18.1% |
| 2 rooms (2K-2LDK) | 1,734 | 12,000 | 184.6 | 65.0 | +16.7% |
| 3 rooms (3K-3LDK) | 1,250 | 12,000 | 155.6 | 75.0 | +21.0% |
| 4 rooms or more | 96 | 9,500 | 105.0 | 90.0 | +16.4% |
Houses and land (MLIT)¶
Transaction prices from MLIT's survey of registered sales. Prices in ¥10,000. Quarters with fewer than 20 deals are not shown.
| Quarter | Median house price (¥10k) | House deals | Houses under ¥10m | Median land price per m² (¥10k) |
|---|---|---|---|---|
| 2025 Q2 | 16,000 | 83 | 1.2% | 111.2 |
| 2025 Q3 | 14,000 | 81 | 2.5% | 133.3 |
| 2025 Q4 | 12,000 | 83 | 1.2% | 153.2 |
| 2026 Q1 | 27,000 | 31 | 0.0% | — |
Official land prices (Chika Koji, MLIT)¶
Prices of standard sites as of 1 January each year (published in March). The change is the average for sites that continue from the previous year.
| Year | Use | Median (¥ per m²) | Change | Sites |
|---|---|---|---|---|
| 2024 | Commercial | 3,300,000 | +6.0% | 125 |
| 2025 | Commercial | 3,870,000 | +11.8% | 123 |
| 2026 | Commercial | 4,535,000 | +13.6% | 122 |
| 2024 | Residential | 1,455,000 | +6.5% | 66 |
| 2025 | Residential | 1,665,000 | +11.2% | 64 |
| 2026 | Residential | 1,910,000 | +14.1% | 65 |
This service uses the API of the MLIT Real Estate Information Library, but the timeliness, accuracy and completeness of the information provided are not guaranteed. (このサービスは、国土交通省不動産情報ライブラリのAPI機能を使用していますが、提供情報の最新性、正確性、完全性等が保証されたものではありません。)
Figures are medians of individual transactions and change with the mix of what sold. Regime labels are our own interpretation, not investment advice.