Tokyo ward seeks 5-year ban on condo resales at redevelopment project

What happened: A Tokyo ward will ask an upcoming condominium project to prohibit resale of units for five years, responding to surging property values. Key numbers: Five-year resale ban proposed; Chiyoda is one of Tokyo's 23 wards. Why it matters: The move targets speculative buying that the ward says has fueled soaring condominium prices in central Tokyo wards including Chiyoda.

Tokyo ward proposes five-year resale ban for redevelopment condos, signaling tighter housing market regulation.

Tokyo ward proposes five-year resale ban for redevelopment condos, signaling tighter housing market regulation. — impact context not separately stored; see What changed.