New condominium prices in the Tokyo metropolitan area reached a record high in the first half of 2026, increasing by 13.1% year-on-year. The average price now stands at ¥101.35 million. This substantial increase indicates a continuing boom in the Tokyo housing market. Experts attribute the rise to sustained demand and limited supply in the central Tokyo area. The trend suggests that housing affordability may become an increasing concern for potential buyers. Further analysis is needed to determine if this growth is sustainable in the long term, or if market corrections are anticipated. This surge marks the highest price point ever recorded for new condos in the region.