Official valuations cover 1,295 locations
The Tokyo Metropolitan Government announced its 2026 official land valuation survey on September 15, with individual prices published as of September 16. The valuations reflect conditions on July 1 and cover 1,295 selected sites. The survey includes 776 residential locations, 483 commercial sites, 19 industrial sites, six sites designated for prospective residential development and 11 forest locations. Conducted under Japan's National Land Use Planning Act, the survey provides an official reference for understanding land values across Tokyo.
Central wards and suburbs measured separately
Tokyo's five central wards—Chiyoda, Chuo, Minato, Shinjuku and Shibuya—account for 170 surveyed locations. Another 562 sites are situated in the remaining 18 wards. The survey also covers 252 locations in northern Tama, 206 in southern Tama, 77 in western Tama and 28 on Tokyo's islands. This geographic breakdown helps distinguish central commercial property markets from suburban residential districts and other land categories.
Why official values differ from transaction prices
Official land valuations provide a benchmark rather than a guaranteed transaction price. Actual acquisition costs depend on plot characteristics, road access, zoning, building restrictions and existing structures. Condominium buyers must also consider building age, maintenance and management conditions. International investors comparing Tokyo neighborhoods can use the survey to establish a consistent public reference, while examining comparable completed transactions and rental income separately before determining an appropriate acquisition price.