Tokyo's Core Tops 1.31m yen/㎡ as Suburbs Catch Up: Greater Tokyo Resale Price Map, June 2026
- June 2026 Greater Tokyo resale condo price/㎡: Tokyo 23 wards 1.3115m yen (far ahead), Yokohama/Kawasaki 674,900, Kanagawa 603,500, Tokyo Tama 587,200
- Outer three prefectures far lower: Saitama 459,700, Chiba 440,500, outer Kanagawa 440,500 yen/㎡ — about a third of the 23 wards
- Growth rotation reversed: Chiba leads at +20.5% YoY, Yokohama/Kawasaki +7.8%, Kanagawa +7.2%, Saitama +6.1%
- Tokyo's core stalled: 23 wards price/㎡ up just +1.5% YoY, all-Tokyo actually ▼0.1%
- Read: after a high base, Tokyo's core loses momentum and buying spills to cheaper, higher-yield suburbs — a 'core cooling, suburbs catching up' rotation
Laid out by area, East Japan REINS's June figures make the Greater Tokyo resale-condo ladder obvious: the 23 wards sit atop at 1.3115m yen/㎡, Yokohama/Kawasaki (674,900) and Kanagawa (603,500) next, while Saitama, Chiba and outer Kanagawa cluster at 440,000–460,000 — barely a third of the core. The real story, though, is not the absolute price but the rotation in growth. The once-leading core is stalling: the 23 wards rose just 1.5% YoY in June and all-Tokyo slipped 0.1%. The catch-up is in the ring — Chiba surged 20.5% YoY, with Yokohama/Kawasaki, Kanagawa and Saitama all in the high single digits. That is a classic broadening: after a high base, the core cools and capital rotates to cheaper, higher-yield prefectures. For overseas investors, the map sends two signals — for stable, defensive rent stick with the 23 wards; for price upside the momentum now sits in Chiba and outer Kanagawa. But catch-up rallies punish latecomers, so pair those big YoY prints with transaction volume rather than chasing a single month's gain.
