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Early data shows Japan condo regulation reform helps projects move forward
New September 2026 data from Asahi Kasei Homes provide an early indication that Japan's April 1 condominium-law reforms are being used to move some aging buildings toward formal regeneration decisions. At a September media briefing, the company said it expects 13 condominium regeneration resolutions in FY2026, roughly four times its average over the previous decade. Eight are expected to be rebuilding resolutions and five building-and-land sale resolutions. AI generated image

Adam German
5 days ago3 min read


Tokyo steps up seismic outreach to thousands of older condo buildings
The Tokyo Metropolitan Government has begun individually approaching approximately 3,700 older condominium buildings that have not undergone seismic diagnosis, in a five-year effort to encourage assessment and, where necessary, upgrading. The visits began September 1, and target condominiums built under Japan's old seismic standards where Tokyo's records indicate that a seismic diagnosis has not been completed. Screengrab from the Tokyo Metropolitan Government News site, link

Adam German
Sep 32 min read


Japan condo associations weigh higher reserves and delayed repairs
Japan’s condominium management companies are increasingly proposing not only higher repair reserve contributions but also longer repair cycles, postponed work and reduced repair specifications as rising repair costs put pressure on building finances. A new survey by the Mansion Management Companies Association found that 272 of 290 responding management companies had proposed increasing repair reserve contributions at one or more properties they managed during the previous ye

Adam German
Aug 282 min read


Greater Tokyo condo rents reach fresh 12-month high
Greater Tokyo condominium asking rents reached another 12-month high in July, with the regional average rising for a second consecutive month as Tokyo, Kanagawa and Saitama all moved higher. Average advertised rent for condominium units offered for lease across Greater Tokyo rose 0.4% from June to ¥4,209 per square meter, according to Tokyo Kantei data released August 17. The figure was 9.1% higher than a year earlier. Tokyo rose 0.5% month on month to an average of ¥4,96

Adam German
Aug 182 min read


Greater Tokyo condo discounts widen as sellers adjust
Resale condominium discounts in Greater Tokyo widened to more than 6% in 2025, even as average prices rose and homes sold faster. The figures point to a more selective market rather than a broad downturn. Homes priced close to buyer expectations continued to sell quickly. Listings launched at ambitious prices were more likely to require deeper reductions, especially after several months on the market. Key Points: Average discounts widened to 6.14% in the first half of 2025 an

Adam German
Jul 313 min read


Japan moves to protect homeowners in sale and leaseback transactions
Japan’s Ministry of Land, Infrastructure, Transport and Tourism has issued new guidelines explaining how existing real estate law applies when homeowners sell their property and remain in it as tenants. Photo by Signature Pro on Unsplash The guidelines take effect on October 1, 2026. They are intended to address complaints involving unclear lease terms, high rents, costly cancellation provisions and aggressive approaches to homeowners, particularly older people. What is a res

Adam German
Jul 305 min read


Japan housing inventory continues to climb faster than sales
The number of properties registered for sale through Japan’s Real Estate Information Network System, or REINS, continued to increase in June 2026, outpacing growth in reported sales. Key Points: The number of properties registered for sale on REINS increased 4.7% year on year in June, while reported sales rose 1.0%. The figures suggest that supply recorded on the agent-only network is building faster than transactions, although they do not by themselves establish a nationwide

Adam German
Jul 223 min read


Tokyo existing condo prices tell a different story in US dollars
Financial markets and real estate are often influenced by the same economic forces, although the connection is not always immediately visible. On July 14, Bloomberg’s The Asia Trade examined the weak yen, Japanese equities and the changing position of overseas investors, including how Japan’s stock market performance looks different when measured in US dollars. We summarize the main discussion points before applying the same currency lens to Greater Tokyo existing condominium

Adam German
Jul 172 min read


AtHome survey finds broad gains in Japan rental condo rents
AtHome Co., a real estate information services company, announced on June 23rd its May 2026 report of asking rents for rental condominiums and wood-frame apartments in major Japanese cities. The data is drawn from rental listings posted by subscribing real estate agents to AtHome’s consumer-facing real estate information network. The figures therefore reflect average advertised asking rents, rather than contracted lease rents. AtHome defines rent as the total monthly amount p

Adam German
Jun 242 min read


Funabashi purchase condo to offer keyless entry with facial recognition
Mitsui Fudosan Residential will introduce full facial-recognition access at Park Homes Funabashi, marking the company’s first for-sale condominium where residents can enter the building, unlock their units, and collect deliveries without keys or smartphones. Park Homes Funabashi CG exterior rendering courtesy of the developer. The project will use FreeiD, a facial-recognition ID platform developed by DXYZ, a Tokyo-based group company of real estate developer Migalo Holdings.

Adam German
Jun 181 min read


Japan renovation orders rise 18.7 percent to JPY 16.4 trillion in FY2025
Orders for building renovation and renewal projects in Japan climbed 18.7% year-on-year to JPY 16.4 trillion in FY2025, according to MLIT. The increase was driven by strong demand for repairs, refurbishments, and energy-efficiency upgrades. Photo by Renovations Certified on Unsplash Residential renovation orders increased 18.7% to JPY 4.9 trillion, while non-residential projects rose 18.6% to JPY 11.5 trillion, highlighting broad-based growth across the sector. FY2025 Renovat

Adam German
Jun 152 min read


Naphtha based waterproofing delays nearly 600 Japan condo repair projects
Rising prices and delivery delays for naphtha-based waterproofing materials are disrupting large-scale existing condominium repair projects across Japan, with nearly 60 percent of surveyed repair firms reporting actual or potential schedule delays. Photo by Atul Vinayak on Unsplash The Condominium Planned Repair Construction Association, a Tokyo-based industry group made up of condominium repair contractors and related companies, surveyed its member firms from April 3rd to 10

Adam German
Jun 82 min read


Fixed-term residential lease rents rise across Greater Tokyo
AtHome, a real estate information service provider, announced on May 21st that fixed-term lease rents rose broadly across Greater Tokyo in fiscal 2025, with single-person units showing especially strong growth. The report covered residential rental properties listed under fixed-term leases on AtHome’s real estate information network from April 2025 through March 2026. Photo by Haim Charbit on Unsplash In Japan, fixed-term leases expire at the end of the agreed contract period

Adam German
May 222 min read


Existing condos in Greater Tokyo now carry higher price-earnings-ratios than new builds
On May 7th, Tokyo Kantei released their 2025 Condominium Price-Earnings Ratio (PER) report, showing that Greater Tokyo Area (GTA) condominium prices are rising faster than rents and further stretching the link between purchase prices and rental income. The clearest signal is in the resale market. The average PER for 10-year-old existing condominiums reached 31.78, surpassing the 30.46 recorded for newly built units. Photo by Maria Krasnova on Unsplash That means existing con

Adam German
May 84 min read


Japan residential rents rise across all categories for first time on-record says AtHome
Real estate information service AtHome on April 22 released its latest data on advertised rents for rental housing across major markets nationwide for March 2026, based on listings within its nationwide property portal. The report defines “rent” as the total monthly amount paid by tenants, including base rent plus maintenance and common area fees. Notably, rents rose year-on-year across all regions and unit sizes for the first time since the survey began in January 2015. The

Adam German
Apr 232 min read


Tokyo rents hit record highs as listed rents outpace tenant inquiry levels
Japan’s rental housing market continues to tighten, particularly in the capital, as new data shows rents across Tokyo reaching fresh highs. According to the latest market report from LIFULL, operator of the major Japanese property portal LIFULL HOME'S, both family-type and single-occupant rental listings climbed sharply in February 2026, with central Tokyo leading the increase. The data highlights a growing imbalance in the Tokyo rental market: landlords are raising listing

Adam German
Apr 13 min read


Tokyo Tatemono showcases hybrid timber construction
Tokyo Tatemono announced on March 2nd the completion of its first timber infused hybrid rental apartment building, Brillia ist Senzokuike no Mori. The five-story, 42 unit building in Tokyo’s Ota ward is a four-minute walk from Ishikawadai Station and a five-minute walk from Senzokuike Station on the Tokyu Ikegami Line. Exterior photo courtesy of Tokyo Tatemono press release . The site spans 1,117.94 square meters and was developed using Mitsui Home’s “Mokusion” hybrid timber

Adam German
Mar 32 min read


Tokyo establishes four affordable housing investment funds
Tokyo has formally selected the operators of Japan’s first public–private partnership funds dedicated to affordable housing, launching four new vehicles designed to ease housing pressures on families with children. Tenant recruitment by the fund managers is expected to begin as early as May. Photo by Yu Kato on Unsplash . The Tokyo Metropolitan Government has made expanding affordable housing - rental homes offered below market rates - a central part of its strategy to impro

Adam German
Feb 262 min read


Sangenjaya tops Tokyo rental station rankings for late 2025
Japan real estate property portal AtHome on February 4th released its AtHome Rental Station Ranking - Tokyo 23 Wards Edition, which identifies train stations generating the highest page views for residential rental listings posted on the AtHome property website. The survey covered the period from Oct. 1 to Dec. 31, 2025. In the overall ranking, Sangenjaya Station topped the list. The station, served by the Tokyu Den-en-toshi and Setagaya lines and designated as an express sto

Adam German
Feb 52 min read


Forty percent of Japan condominium stock is now over thirty years old
Tokyo Kantei released the results of its analysis of condominium housing stock nationwide on January 29th. The survey counted every condominium unit that had been built and still exists as of December 31, 2025. This includes unsold units and shared spaces such as meeting rooms that are legally registered as part of a condominium. Buildings that had already been torn down were excluded. Wix AI image using the prompt "Japan condominiums" using a Fantasy filter. All rights rese

Adam German
Jan 302 min read

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