在2025至2026年期間，日本東京的房地產市場持續上漲，住宅價格已處於相當高的水準。整體而言，新建住宅的平均價格已突破1億日圓大關，換算約為新台幣2,100萬至2,400萬元以上。這一價格水準顯示東京房市長期供不應求，也使東京成為亞洲房價最昂貴的城市之一。

若以Tokyo 23 區為觀察範圍，新成屋的平均價格約為1.14億日圓，折合約新台幣2,400萬元左右。中古住宅方面，核心區域的平均單價也相當高，部分熱門地段每坪價格已超過新台幣100萬元。若位於最精華的商業與金融區，例如Ginza一帶，房地產價格甚至可能達到每坪數千萬台幣的水準，顯示地段對價格的巨大影響。

東京市內不同區域的房價差距同樣十分明顯。位於市中心的核心行政區，如Minato City與Chuo City，由於商業活動集中、交通便利且土地供應稀少，因此房價長期維持在極高水平。相較之下，東京外圍地區或通勤圈城市的房價則相對較低，但仍普遍高於日本多數其他城市。

東京房價近年的持續上升，也與宏觀經濟因素密切相關。其中一個重要原因是日圓貶值，使得日本不動產對海外投資者而言變得更具吸引力，因此吸引大量國際資金進入東京房市，進一步推動價格上升。此外，東京長期人口集中與住宅供給有限，也讓市場維持強勁需求。

若以一般家庭住宅為例，一間約70平方公尺（約 21 坪）的普通住宅，在東京都內的市場價格通常落在約新台幣1,800萬至2,500萬元之間。實際價格仍會依房屋新舊程度、所在行政區以及距離主要車站的遠近而出現明顯差異。不過整體而言，東京目前的房價所得比已達約18倍，顯示購屋負擔在全球主要城市中也屬於相對較高的水準。

Between 2025 and 2026, housing prices in Tokyo have continued to rise sharply, reaching historically high levels. On average, the price of newly built homes has already surpassed 100 million yen per unit, equivalent to roughly NTD 21 million to NTD 24 million or more. This price level reflects the long-standing imbalance between housing supply and demand in Tokyo and has made the city one of the most expensive housing markets in Asia.

Looking specifically at the Tokyo 23 wards, the average price of newly built homes is about 114 million yen, or roughly NTD 24 million. In the second-hand housing market, prices in central districts are also very high, with the average unit price in prime locations exceeding NTD 1 million per ping (approximately 3.3 square meters). In extremely prestigious commercial districts such as Ginza, property prices can even reach tens of millions of New Taiwan dollars per ping, demonstrating the powerful influence of location on property values.

There are also significant price differences across different parts of Tokyo. Central wards such as Minato City and Chuo City consistently maintain extremely high property values due to their concentration of business activity, excellent transportation access, and limited land supply. By contrast, areas on the outer edges of Tokyo or within the wider commuter belt generally have lower prices, although they are still typically higher than those found in most other Japanese cities.

The continued increase in Tokyo housing prices in recent years is also closely linked to broader economic factors. One key factor has been the depreciation of the Japanese yen, which has made Japanese real estate more attractive to overseas investors. As a result, international investment has flowed into Tokyo’s property market, further pushing prices upward. In addition, Tokyo’s long-term population concentration and limited housing supply continue to support strong demand.

For a typical residential example, a standard home of about 70 square meters (roughly 21 ping) in Tokyo usually costs between NTD 18 million and NTD 25 million, depending on factors such as the building’s age, the specific ward, and its proximity to major train stations. Overall, Tokyo’s price-to-income ratio has reached about 18, indicating that housing affordability in the city ranks among the more challenging levels compared with other major global cities.