The Toranomon-Azabudai redevelopment — one of Japan's largest urban projects — has begun reshaping the Minato-ku skyline. Luxury condos and corporate towers like this create new supply in a market where supply is otherwise tight.

The Toranomon-Azabudai redevelopment — one of Japan's largest urban projects — has begun reshaping the Minato-ku skyline. Luxury condos and corporate towers like this create new supply in a market where supply is otherwise tight.
The Toranomon-Azabudai redevelopment — one of Japan's largest urban projects — has begun reshaping the Minato-ku skyline. Luxury condos and corporate towers like this create new supply in a market where supply is otherwise tight.
Tokyo's transport network keeps expanding — new Shinkansen connections, deeper subway lines, the gradual Linear Chuo Shinkansen rollout. All of these are reshaping which locations count as 'central' — and therefore desirable.
Tokyo's transport network keeps expanding — new Shinkansen connections, deeper subway lines, the gradual Linear Chuo Shinkansen rollout. All of these are reshaping which locations count as 'central' — and therefore desirable.
Zoning changes in central Tokyo have made it easier to build taller, denser projects in previously constrained locations. The result: more supply in some submarkets — but luxury supply, which absorbs differently than mid-market construction.
Tokyo's central wards are undergoing a sustained period of urban transformation. Major redevelopment projects in Minato-ku, Chuo-ku, and Shibuya-ku are reshaping the luxury property market and attracting international attention.