Resale condominiums
1,670
reported sales
JPY 66,400,000
average closed price
Tokyo market guide
A city you love. A market to understand.
A second home starts with the life you imagine here. These dated public figures add context to the practical conversation, not a forecast or a reason to hurry.
Talk through your plans
October 2026 · reported sales
One month of Tokyo property activity.
REINS reported the following sales and average closed prices for Tokyo Metropolis in October 2026. These are market aggregates, not prices for a particular neighbourhood or home.
Resale detached houses
511
reported sales
JPY 57,870,000
average closed price
Land: 100–200 m² plots only
187
reported sales
JPY 68,970,000
average closed price
Scope: Tokyo Metropolis, not just the 23 wards or Minato. Counts are sales reported to REINS, not all Tokyo transactions. The land category covers only 100–200 m² plots. Registration-system changes from January 2025 may affect reported counts. No year-on-year comparison is made here.
Source: East Japan REINS, Market Watch October 2026, published 10 November 2026; PDF pp. 2, 20 and 50.
Understanding overseas ownership
An overseas address is not a nationality.
MLIT’s registration analysis provides a useful, specific piece of context. It does not tell us how many owners are foreign nationals, cash buyers or second-home buyers.
5.0%
of new-condo acquisitions in Minato’s 2025 registration cohort were registered to owners with an overseas address.
Scope: new condominiums in Minato; 2025 calendar-year ownership-preservation-registration cohort. Address is not a measure of nationality, financing, visa status or property use.
Source: MLIT, published 15 September 2026; primary tables PDF p. 11.
A dated currency comparison
Your budget, viewed in yen.
For a buyer bringing dollars, the exchange rate changes the yen budget. Compare the 2024 annual average with a dated 2026 bank reference; the two measures use different methods.
2024 annual average
151.46
yen per US$1
10 November 2026 · SMBC midpoint
158.14
yen per US$1
2024: Federal Reserve annual average of daily New York noon buying rates, 151.4551 JPY per USD. 2026: calculated midpoint of SMBC USD TTS 159.14 and TTB 157.14. Neither is an executable customer quote. This is not a property discount, a return or a forecast.
Sources: Federal Reserve / FRED AEXJPUS and SMBC Exchange Quotations, 10 November 2026.
USD/JPY uses the midpoint of the published TTS and TTB; PHP is derived from the same sheet’s USD/PHP reference cross, not a quoted PHP customer rate.
For your second home
Keep the home at the centre of the decision.
How you’ll use it
Think about the seasons you visit, family and guests, storage and the journeys you will make from the home.
The cost of ownership
Alongside the price, understand acquisition costs, taxes, building charges, maintenance and arrangements while you’re overseas.
A property-specific view
Market averages cannot replace checks on a building, its management, the documents or a site’s buildability. We’ll bring the relevant professionals into the conversation.
Read the primary sources
The detail behind the numbers.
- REINS · Market Watch, October 2026
- MLIT · new-condominium acquisition study, 15 September 2026
- MLIT · primary tables, PDF p. 11
- Federal Reserve / FRED · AEXJPUS annual exchange-rate series
- SMBC · Exchange Quotations, 10 November 2026
Each statistic keeps its original geography, period and definition. Figures are historical context only. No cash-buyer or second-home share is inferred.
Talk through your plans