This article is general information and personal observation only—not investment, tax, or legal advice. Verify official sources and consult qualified professionals; you are responsible for your decisions.
1. Why price per tsubo is not enough
Even inside the “urban core,” station access, FAR, building age, and fee structures change what a headline tsubo price means. Prime new supply can look expensive yet be supported by liquidity and rent depth, while older inventory can look cheap yet hide repair reserves.
2. What separates the three wards
Chiyoda leans administrative and office-dense; Chuo anchors eastern retail and finance walkability; Minato layers bayfront, diplomatic, and multinational demand. Neighbors and train lines often explain gaps more than square meters.
3. Start from REINS and official statistics
Use REINS-style case data alongside macro releases from Statistics Japan. This article is interpretive commentary, not appraisal or tax advice.
4. Checklist
- Whether management fees, reserves, and common charges are clearly split.
- How local zoning and disaster rules shaped FAR and unit counts.
- At least two rate/FX stress paths for mortgage affordability.
5. Closing
Comparing three wards is less about “cheaper” and more about which risks and options you buy.
Disclaimer
This article is for informational purposes only and reflects personal analysis. It does not recommend buying or selling any specific investment product. Investment decisions and responsibility rest solely with the reader. Content may change after the time of writing.