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High construction costs are strengthening the case for Japan to make better use of its existing homes. Industry groups are pushing for more support for renovation, energy-efficiency upgrades and a stronger resale market that could help sound older properties remain useful for longer. The argument is gaining weight even as shortages of construction materials and labor remain relatively contained. Japan’s construction costs are still elevated. MLIT’s construction cost deflator,

A major redevelopment rising beside Tokyo Station has been officially named YAESU CORE, with Honda and Chugai Pharmaceutical already planning to relocate major headquarters functions to the project after its scheduled completion in January 2029. Building logo and exteior CG courtesy of the developers. The 43-story mixed-use development will contain approximately 389,290 sqm of total floor area and rise about 227 meters above the Yaesu side of Tokyo Station. The Yaesu 2-Chome

Greater Tokyo’s existing condominium inventory is becoming increasingly concentrated at the higher end of the market. Listings above ¥100 million are building up, while stock below that level is declining, according to an analysis by real estate data company Mansion Research. The company examined 481,019 publicly advertised existing condominium listings from January 2023 through July 2026. Key Points: Inventory is rising in the ¥100 million–¥500 million range. Listings below

The average price of a new condominium released for sale in the Greater Tokyo Area reached a record ¥164.93 million in July, but the sharp increase was heavily influenced by a concentration of high-priced launches in the central six wards of Tokyo. The GTA average was 63.7% higher than a year earlier, while the average price per square meter rose 50.8% to a record ¥2.369 million, according to data released by the Real Estate Economic Institute on August 2oth. Almost half of a

Tokyo has selected the first project under a new program that uses older privately owned buildings to create below-market rental housing. The project, awarded to Yasuda Real Estate and announced August 19th, will renovate an aging mixed-use building in Kanda-Nishikicho, Chiyoda Ward, into affordable housing and commercial space. Rents for the affordable units will use 80% of comparable nearby rents as a benchmark. Tokyo Metro Government Building. Photo by Kevin Richardson on