Tokyo condo market to remain tight in 2025 despite supply bump

New units to increase for the first time in four years

20241224N Tokyo condo construction

A construction crew works on the Toyomi Tower Marine & Sky condominium complex in Tokyo. (Photo by Naoyuki Toyama)

NAOYUKI TOYAMA and MINAMO ITO, Nikkei staff writers

TOKYO -- The number of newly built condominiums in Tokyo is on track to rise in 2025 for the first time in four years, according to an industry estimate, but the market is expected to remain tight.

New condos are expected to increase by roughly 26,000 units next year, up 13% from 2024, the Tokyo-based Real Estate Economic Institute said in a report released Tuesday.

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