On the 30th, Tokyo Kantei Co., Ltd. announced the results of its "Condominium Rate" survey, which investigated the national spread of condominiums as of the end of 2024. The "Condominium Rate" refers to the ratio of condominium units to the total number of households. The total number of condominium units completed and existing by December 31, 2024, was aggregated. Units that were not sold due to equal exchange, as well as management rooms and meeting rooms, were also included, categorized by each prefecture and designated city.
The national condominium rate has continued to expand, reaching 13.11% (an increase of 0.10 percentage points from the previous year). There are 77,023,92 condominium units against a total of 58,738,888 households nationwide. By region, the metropolitan area stands at 22.29%, the Chubu region at 8.45%, and the Kinki region at 17.02%, all showing an increase.
By prefecture, Tokyo tops the list at 28.29%, followed by Kanagawa at 23.16% and Osaka at 20.46%. The highest increase was seen in Kyoto Prefecture, which rose by 0.18 percentage points to 12.77%. The increase in stock units has exceeded 2,000 units for four consecutive years, while the increase in the number of households has shown a downward trend. However, the supply of condominiums in Kyoto City includes many properties aimed at wealthy individuals' second homes, which tends to inflate the condominium rate "appearances."
The condominium rate has increased in 45 prefectures, with only Chiba (15.74%) and Ishikawa (3.80%) showing declines. "In Chiba Prefecture, it is believed that rising prices have caused demand to shift towards used single-family homes and rental properties," the company stated. Eleven prefectures had rates exceeding ten times.
By administrative district, the Chuo ward of Tokyo recorded the highest rate at 81.97%. This was followed by Chiyoda ward at 81.97% and Minato ward at 76.84%. Among the top 30 administrative districts, 15 saw a decline in the condominium rate, which is believed to be due to a decrease in condominium supply.
Real Estate Distribution Research Institute,
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