Chuo Ward Housing Market 2026: Tower Condos and the Fastest Growth in Central Tokyo
Data updated 2026-11-11 · Source: MLIT transaction price survey, 2005 Q3–2026 Q2 · Transactions in 2025: 712
In short
- 1People are moving in
Chuo is the ward of Ginza, Nihonbashi and the Tsukishima and Kachidoki waterfront.
- 2Prices are accelerating
Condo prices per m² rose about 7.5% a year over the last five years, double the pace of the five years before.
- 3A family market as well as a studio market
The busiest station is Kachidoki, a tower-condo district, with more than 500 sales in the data.
- 4Walking time doesn't matter here
Condos 11–15 minutes from a station sell for about 11% more per m² than those within 5 minutes.
- 5Rents, floods and renewal
A median condo costs about 45 years of median rent, above the Tokyo average of 39, so buyers are betting on price growth more than yield.
The answers, compared
What does a home cost?
¥72.5M
median used condo · ¥1.6M/m²
1.5× the Tokyo median
3 of 47 areas in Tokyo, highest first
Are prices rising?
+50.0%
over 5 years
Faster than Tokyo (+26.5%)
2 of 50 areas in Tokyo, highest first
Can local earners afford it?
8.7× income
median price ÷ average taxable income
Harder than Tokyo (6.8×)
8 of 50 areas in Tokyo, highest first
Rent or buy?
45years of rent
median price ÷ a year of median rent
Longer than Tokyo (39)
15 of 50 areas in Tokyo, highest first
Are people moving in?
+7.5%
population, 2020–25
Faster than Tokyo (+1.4%)
2 of 50 areas in Tokyo, highest first
How risky is it?
51%
chance of strong shaking (6-lower+) in 30 years
In line with Tokyo (53%)
17 of 50 areas in Tokyo, highest first
Rent in Chuo Ward
The average private rental costs ¥152k a month (2023), +14.4% since 2018. Tokyo: ¥95k
| Floor area | Typical layout | Average rent / month | Chuo WardTokyo |
|---|---|---|---|
| under 30 m² studio / 1K | studio / 1K | ¥101k vs 2018 +13.3% · Tokyo: ¥70k | |
| 30–49 m² 1LDK / 2DK | 1LDK / 2DK | ¥144k vs 2018 +11.0% · Tokyo: ¥99k | |
| 50–69 m² 2LDK / 3DK | 2LDK / 3DK | ¥212k vs 2018 +23.0% · Tokyo: ¥126k | |
| 70–99 m² 3LDK / family | 3LDK / family | ¥256k vs 2018 +18.8% · Tokyo: ¥155k | |
| 100–149 m² mostly houses | mostly houses | ¥199k vs 2018 -0.2% · Tokyo: ¥191k |
- Rent per m²
- ¥3,740
- median, per month · Tokyo: ¥2,800
- The median used condo (¥72.5M, 40 m²) costs about 42 years of average rent for a similar-sized home (¥144k a month).
- Excludes management fees, repair reserve, property tax and mortgage interest.
Source: Statistics Bureau of Japan, Housing and Land Survey 2023. Privately owned rentals (excluding rent-free homes), monthly rent without management fees. These averages include older homes, so they run below asking rents for newly listed units. 40,130 rented homes.
People are moving in
Chuo is the ward of Ginza, Nihonbashi and the Tsukishima and Kachidoki waterfront. Its population grew 7.5% between 2020 and 2025, second only to Taito among the 23 wards. In 2025 it had the strongest net inflow of any ward from the rest of Japan, about 11 people per 1,000 residents.
Prices are accelerating
Condo prices per m² rose about 7.5% a year over the last five years, double the pace of the five years before. Benchmark residential land rose 11% in the past year and 77% over ten years. At about ¥1.6M per m², Chuo ties with Chiyoda as the second most expensive ward after Minato.
A family market as well as a studio market
The busiest station is Kachidoki, a tower-condo district, with more than 500 sales in the data. Unlike Chiyoda or Shinjuku, family layouts matter here: 2LDK is the second most traded type (median about ¥93M for 60 m²), and 3LDKs are common too. Many of these towers were built after 2000.
Walking time doesn't matter here
Condos 11–15 minutes from a station sell for about 11% more per m² than those within 5 minutes. This is unusual and comes from the large, newer towers on the bay, which are farther from stations but newer and bigger.
Rents, floods and renewal
A median condo costs about 45 years of median rent, above the Tokyo average of 39, so buyers are betting on price growth more than yield. Two-thirds of benchmark sites are inside the worst-case flood zone, but none at 3 m or more. All of Chuo's commercial core is in the Central Tokyo and Waterfront renewal area.
Living in Chuo Ward: people, homes and risks
- Population 2025
- 181,918
- +7.5% since 2020
- Tokyo: +1.4%
- Net moves in 2025
- +1,947
- +10.7 per 1,000 residents
- Tokyo: +4.58
- Vacant homes (2023)
- 11.1%
- 5.1% empty and not for rent or sale
- Tokyo: 10.9%
- Median rent (2023)
- ¥133k
- per month, all rented homes
- Tokyo: ¥78k
- Strong earthquake risk
- 50.5%
- chance of shaking of intensity 6-lower or more within 30 years
- Tokyo: 52.8%
- Reported crime
- 11.8
- per 1,000 residents in 2025 (2,147 crimes recorded by the Tokyo police)
- Tokyo: 6.9
- Average income per taxpayer
- ¥8.3M
- taxable income in 2023
- Tokyo: ¥5.4M
- Daytime population
- 374
- people here by day per 100 residents (2020 census)
- Foreign residents
- 6.7%
- 12,553 registered residents in 2024
- Tokyo: 5.2%
- Clinics
- 36.3
- per 10,000 residents; 4 hospitals, 463 dental clinics (2020)
- Tokyo: 9.8
- Official land price 2026
- ¥1.9M/m²
- +10.8% in a year · +49.8% in 5 years
- Tokyo: ¥407k/m²
- Flood exposure
- 66.7%
- of 63 benchmark sites in a worst-case flood zone (0.0% 3 m or deeper)
- Tokyo: 42.5%
- Landslide exposure
- 0.0%
- of 63 benchmark sites in a landslide warning area
- Tokyo: 0.8%
Urban renewal zones
Areas designated by the national government for priority redevelopment, with relaxed planning rules and financial support for large projects.
- Central Tokyo and Waterfront · 2043 ha · designated 2002 · Specified zone (highest priority)
Check flood, landslide and tsunami zones for a specific address on the government hazard map ↗
Sources: 2025 Census (preliminary), 2025 Internal Migration Report, 2023 Housing and Land Survey (Statistics Bureau of Japan); J-SHIS seismic hazard model (NIED, 2024); Land Price Publication (MLIT); recorded crime: Tokyo Metropolitan Police Department (Tokyo only); incomes: Ministry of Internal Affairs taxation survey via the Statistics Bureau's municipal indicators; foreign residents: Basic Resident Register; medical facilities and station passengers: MLIT National Land Numerical Information. Earthquake probability is measured at the municipal center.
Example sales in Chuo Ward
Real transactions from the last four quarters, picked near the lower (20th percentile), middle and upper (80th percentile) price points. Locations are shown at district level, as published by MLIT.
Condo
¥29.0M
¥1.2M/m²
- Nihombashiodemmacho
- Kodemmacho · 2 min walk
- 1K · 25 m²
- Built 2013 (13 yrs) · RC
¥73.0M
¥2.1M/m²
- Tsukiji
- Tsukiji · 3 min walk
- 1LDK · 35 m²
- Built 2017 (9 yrs) · RC
¥130M
¥2.4M/m²
- Kachidoki
- Kachidoki · 0 min walk
- 2LDK · 55 m²
- Built 2010 (16 yrs) · RC
House
¥180M
¥783k/m²
- Nihombashibakurocho
- Bakurocho · 2 min walk
- Land 50 m² · floor 230 m²
- Built 1975 (51 yrs) · RC
¥400M
¥784k/m²
- Higashinihombashi
- Bakuroyokoyama · 1 min walk
- Land 90 m² · floor 510 m²
- Built 1985 (40 yrs) · Steel
¥950M
¥4.9M/m²
- Nihombashiningyocho
- Ningyocho
- Land 115 m² · floor 195 m²
- Built 1985 (40 yrs) · Steel
Show data table
| Year | Condo | House |
|---|---|---|
| 2005 | ¥23.0M | ¥310M |
| 2006 | ¥22.0M | ¥190M |
| 2007 | ¥23.0M | ¥340M |
| 2008 | ¥37.0M | ¥260M |
| 2009 | ¥32.0M | ¥235M |
| 2010 | ¥24.0M | ¥150M |
| 2011 | ¥27.0M | ¥150M |
| 2012 | ¥25.0M | ¥140M |
| 2013 | ¥25.0M | ¥175M |
| 2014 | ¥27.5M | ¥210M |
| 2015 | ¥33.0M | ¥195M |
| 2016 | ¥38.0M | ¥290M |
| 2017 | ¥38.0M | ¥260M |
| 2018 | ¥38.0M | ¥270M |
| 2019 | ¥43.0M | ¥240M |
| 2020 | ¥44.0M | ¥415M |
| 2021 | ¥50.0M | ¥205M |
| 2022 | ¥46.0M | ¥395M |
| 2023 | ¥55.0M | ¥380M |
| 2024 | ¥66.0M | ¥370M |
| 2025 | ¥72.5M | ¥400M |
| 2026 (partial) | ¥76.5M | ¥480M |
Show data table
| Year | Condo | House | Land |
|---|---|---|---|
| 2005 | ¥675k/m² | ¥440k/m² | ¥885k/m² |
| 2006 | ¥706k/m² | ¥518k/m² | ¥1.5M/m² |
| 2007 | ¥800k/m² | ¥784k/m² | ¥1.8M/m² |
| 2008 | ¥745k/m² | ¥579k/m² | ¥1.4M/m² |
| 2009 | ¥686k/m² | ¥422k/m² | ¥900k/m² |
| 2010 | ¥782k/m² | ¥407k/m² | ¥960k/m² |
| 2011 | ¥754k/m² | ¥417k/m² | ¥1.0M/m² |
| 2012 | ¥730k/m² | ¥455k/m² | – |
| 2013 | ¥771k/m² | ¥500k/m² | ¥1.1M/m² |
| 2014 | ¥867k/m² | ¥486k/m² | – |
| 2015 | ¥950k/m² | ¥545k/m² | ¥1.3M/m² |
| 2016 | ¥1.0M/m² | ¥702k/m² | – |
| 2017 | ¥1.0M/m² | ¥775k/m² | ¥1.7M/m² |
| 2018 | ¥1.0M/m² | ¥852k/m² | ¥1.9M/m² |
| 2019 | ¥1.1M/m² | ¥909k/m² | ¥1.6M/m² |
| 2020 | ¥1.1M/m² | ¥895k/m² | – |
| 2021 | ¥1.2M/m² | ¥878k/m² | – |
| 2022 | ¥1.2M/m² | ¥1.0M/m² | – |
| 2023 | ¥1.3M/m² | ¥1.1M/m² | ¥1.9M/m² |
| 2024 | ¥1.4M/m² | ¥1.2M/m² | – |
| 2025 | ¥1.6M/m² | ¥1.2M/m² | – |
| 2026 (partial) | ¥1.8M/m² | ¥1.4M/m² | – |
Show data table
| Building age (years) | Condo | House |
|---|---|---|
| 0 | ¥1.6M/m² | ¥1.5M/m² |
| 1 | ¥1.9M/m² | ¥1.6M/m² |
| 2 | ¥1.8M/m² | – |
| 3 | ¥1.5M/m² | – |
| 4 | ¥1.6M/m² | – |
| 5 | ¥1.5M/m² | – |
| 6 | ¥1.4M/m² | – |
| 7 | ¥1.4M/m² | – |
| 8 | ¥1.4M/m² | – |
| 9 | ¥1.5M/m² | – |
| 10 | ¥1.5M/m² | – |
| 11 | ¥1.4M/m² | – |
| 12 | ¥1.3M/m² | – |
| 13 | ¥1.4M/m² | – |
| 14 | ¥1.2M/m² | – |
| 15 | ¥1.3M/m² | – |
| 16 | ¥1.3M/m² | – |
| 17 | ¥1.3M/m² | – |
| 18 | ¥1.2M/m² | – |
| 19 | ¥1.3M/m² | – |
| 20 | ¥1.3M/m² | – |
| 21 | ¥1.3M/m² | – |
| 22 | ¥1.3M/m² | – |
| 23 | ¥1.2M/m² | – |
| 24 | ¥1.3M/m² | – |
| 25 | ¥1.4M/m² | – |
| 26 | ¥1.3M/m² | – |
| 27 | ¥1.4M/m² | – |
| 28 | ¥1.3M/m² | – |
| 30 | ¥1.1M/m² | – |
| 32 | ¥1.4M/m² | – |
| 34 | – | ¥846k/m² |
| 37 | ¥867k/m² | – |
| 38 | ¥950k/m² | ¥1.1M/m² |
| 39 | ¥800k/m² | – |
| 40 | ¥865k/m² | – |
| 41 | ¥820k/m² | – |
| 42 | ¥800k/m² | – |
| 43 | ¥800k/m² | – |
| 44 | ¥880k/m² | – |
| 45 | ¥975k/m² | – |
| 46 | ¥714k/m² | – |
| 47 | ¥717k/m² | – |
| 48 | ¥767k/m² | ¥879k/m² |
| 49 | ¥811k/m² | – |
| 50 | ¥782k/m² | ¥1.1M/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 | 2001-2010 | 2011-2020 |
|---|---|---|---|---|
| 2005 | ¥371k/m² | ¥617k/m² | ¥800k/m² | – |
| 2006 | ¥400k/m² | ¥625k/m² | ¥900k/m² | – |
| 2007 | ¥447k/m² | ¥728k/m² | ¥929k/m² | – |
| 2008 | ¥440k/m² | ¥717k/m² | ¥778k/m² | – |
| 2009 | ¥440k/m² | ¥640k/m² | ¥714k/m² | – |
| 2010 | ¥429k/m² | ¥686k/m² | ¥854k/m² | – |
| 2011 | ¥433k/m² | ¥680k/m² | ¥850k/m² | – |
| 2012 | ¥400k/m² | ¥629k/m² | ¥785k/m² | ¥970k/m² |
| 2013 | ¥453k/m² | ¥680k/m² | ¥800k/m² | ¥920k/m² |
| 2014 | ¥522k/m² | ¥769k/m² | ¥900k/m² | ¥1.0M/m² |
| 2015 | ¥575k/m² | ¥833k/m² | ¥950k/m² | ¥1.1M/m² |
| 2016 | ¥614k/m² | ¥824k/m² | ¥1.0M/m² | ¥1.1M/m² |
| 2017 | ¥611k/m² | ¥864k/m² | ¥1.0M/m² | ¥1.0M/m² |
| 2018 | ¥680k/m² | ¥886k/m² | ¥1.1M/m² | ¥1.1M/m² |
| 2019 | ¥659k/m² | ¥900k/m² | ¥1.1M/m² | ¥1.1M/m² |
| 2020 | ¥645k/m² | ¥920k/m² | ¥1.1M/m² | ¥1.2M/m² |
| 2021 | ¥658k/m² | ¥1.0M/m² | ¥1.2M/m² | ¥1.3M/m² |
| 2022 | ¥800k/m² | ¥1.1M/m² | ¥1.2M/m² | ¥1.4M/m² |
| 2023 | ¥867k/m² | ¥1.2M/m² | ¥1.3M/m² | ¥1.4M/m² |
| 2024 | ¥813k/m² | ¥1.2M/m² | ¥1.4M/m² | ¥1.7M/m² |
| 2025 | ¥800k/m² | ¥1.4M/m² | ¥1.5M/m² | ¥2.0M/m² |
| 2026 (partial) | – | ¥1.6M/m² | ¥1.6M/m² | ¥2.2M/m² |
Each line follows buildings from one construction period over time. 1981 is when Japan's current earthquake-resistance standard (shin-taishin) took effect.
Show data table
| Year | 1971-1980 | 1981-2000 |
|---|---|---|
| 2005 | – | ¥570k/m² |
| 2006 | ¥538k/m² | ¥487k/m² |
| 2007 | ¥550k/m² | ¥751k/m² |
| 2008 | – | ¥553k/m² |
| 2010 | – | ¥400k/m² |
| 2011 | – | ¥368k/m² |
| 2012 | – | ¥437k/m² |
| 2013 | ¥280k/m² | ¥472k/m² |
| 2014 | – | ¥479k/m² |
| 2015 | – | ¥461k/m² |
| 2016 | – | ¥606k/m² |
| 2017 | – | ¥675k/m² |
| 2018 | – | ¥777k/m² |
| 2019 | – | ¥794k/m² |
| 2020 | – | ¥757k/m² |
| 2021 | – | ¥846k/m² |
| 2022 | – | ¥911k/m² |
| 2023 | ¥1.1M/m² | – |
Prices near train stations in Chuo Ward
Sales from 2023–2025, grouped by nearest station.
| Station | Median used condo price | Condo price per m² | Median house price (land + building) | Walk (min) | Sales | Daily passengers (2023) |
|---|---|---|---|---|---|---|
| Kachidoki (勝どき) | ¥96.5M | ¥1.6M/m² | – | 6 | 538 | 81,077-25% vs 2019 |
| Tsukishima (月島) | ¥94.0M | ¥1.6M/m² | ¥94.0M | 3 | 294 | 132,744-13% vs 2019 |
| Suitengumae (水天宮前) | ¥33.0M | ¥1.3M/m² | ¥250M | 3 | 233 | 68,185-19% vs 2019 |
| Hatchobori(Tokyo) (八丁堀(東京)) | ¥48.0M | ¥1.4M/m² | ¥675M | 4 | 183 | 161,065-15% vs 2019 |
| Shintomicho(Tokyo) (新富町(東京)) | ¥45.0M | ¥1.4M/m² | ¥400M | 3 | 157 | 35,708-19% vs 2019 |
| Hamacho (浜町) | ¥53.5M | ¥1.4M/m² | – | 3 | 139 | 20,676-11% vs 2019 |
| Ningyocho (人形町) | ¥49.0M | ¥1.5M/m² | ¥260M | 3 | 98 | 117,029-14% vs 2019 |
| Kayabacho (茅場町) | ¥29.0M | ¥1.4M/m² | ¥280M | 3 | 92 | 105,877-18% vs 2019 |
| Tsukiji (築地) | ¥52.0M | ¥1.4M/m² | ¥380M | 4 | 92 | 58,868-17% vs 2019 |
| Higashi Nihombashi (東日本橋) | ¥46.0M | ¥1.4M/m² | – | 2 | 68 | 75,870-11% vs 2019 |
| Kodemmacho (小伝馬町) | ¥48.0M | ¥1.4M/m² | – | 2 | 67 | 35,203-14% vs 2019 |
| Bakuroyokoyama (馬喰横山) | ¥54.0M | ¥1.4M/m² | – | 2 | 63 | 106,131-10% vs 2019 |
| Higashi Ginza (東銀座) | ¥39.0M | ¥1.5M/m² | ¥1.20B | 3 | 59 | 155,571-13% vs 2019 |
| Bakurocho (馬喰町) | ¥30.0M | ¥1.3M/m² | – | 1 | 52 | 48,064-8% vs 2019 |
| Tsukijishijo (築地市場) | ¥37.5M | ¥1.7M/m² | – | 3 | 17 | 23,148-12% vs 2019 |
Used condo prices by layout in Chuo Ward
Sales from 2023–2025.
| Layout | Median used condo price | Typical size | Sales |
|---|---|---|---|
| 1K | ¥26.0M | 20 m² | 582 |
| 2LDK | ¥93.0M | 60 m² | 473 |
| 1LDK | ¥60.0M | 40 m² | 337 |
| 3LDK | ¥130M | 70 m² | 286 |
| 1DK | ¥41.0M | 30 m² | 83 |
| 2DK | ¥58.0M | 50 m² | 45 |
| 1R | ¥22.5M | 20 m² | 34 |
| Open floor | ¥110M | 50 m² | 23 |
How much does an apartment cost in Chuo Ward?
The median used condo (mansion) in Chuo Ward sold for ¥72.5M in 2025, about ¥1.6M/m², based on 636 recorded sales.
How much does a house cost in Chuo Ward?
The median house sale, including the land, was ¥400M in 2025 across 64 sales.
Are property prices in Chuo Ward going up?
Over the five years to 2025, condo prices per m² changed +50.0%.
About this data
Figures are medians of real transactions reported to Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) through its quarterly price survey. House prices per m² divide the total price (land and building) by the floor area. Medians based on fewer than 20 sales are not shown. The latest quarters are preliminary and are revised as more survey responses arrive.
Information only, not investment advice.