Ginza / Nihonbashi
銀座・日本橋
TokyoInvestment Index
Significant Decline
Ginza commands Tokyo's highest price per square meter. But transaction volume tells you whether demand is real or speculative.
What buyers actually paid vs listing site prices
Listing sites
~¥1,792,000/m²
Actual price
¥1,600,000/m²
-11%
* Listing price estimated based on typical asking-to-transaction gaps.
Investing in Ginza / Nihonbashi
Ginza and Nihonbashi sit in Chuo-ku, which is why their MLIT file also contains Harumi, Kachidoki, and Tsukishima. Those bayfront towers are a mass-market condo product; Ginza proper is a luxury-and-commercial district with very little new residential. If you came here for “Ginza,” read the district column first. A Harumi 70 m² family unit is not a proxy for a 40 m² unit behind Ginza Six.
The investment case on the prestige streets is trophy and scarcity. Department-store, gallery, and flagship-retail rents support land values; residential is a sideshow and prices accordingly. Yields on true Ginza residential are often sub-3%. Nihonbashi is slightly more residential (office conversions, older family stock near Suitengumae) and can print a bit cheaper, but it is still a low-yield, high-basis market.
The bayfront (Harumi, Kachidoki, Tsukishima) is where most of the transaction count on this page actually lives. Those towers have real liquidity, family-sized floorplates, and a different tenant (domestic households, not Ginza retail). They also have a known oversupply risk from the cluster of 2010s–2020s waterfront completions. Age-band and district filters matter more here than on any other central-Tokyo page we publish.
Minpaku in Chuo-ku is not a default. Residential zones and management associations in the bay towers often prohibit it; Ginza itself is a poor tourist-stay location once you account for bylaws and the Hotel Business Act. Model a 24-month domestic lease. Use this page to separate the waterfront tape from the prestige-street tape before you issue an LOI.
Market Trends
Prices have risen 92% over the displayed period. Check whether current momentum is sustainable.
Median price per m² and transaction volume from MLIT government data. Tap data points for details.
Price vs Building Age
A 40-year-old building trades at roughly half the price of a new one. Building age is one of the biggest price drivers in this area.
Investment Guide by Building Age
Recommendations for foreign investors based on seismic standards, depreciation, and financing.
| Age | Median/m² | Count | Seismic | Tax Life | Verdict |
|---|---|---|---|---|---|
| 0–10 yrs | ¥1,920,000 | 10 | ✓ Modern | 37–47 yrs remaining | ● Recommended |
| 11–20 yrs | ¥1,687,500 | 18 | ✓ Modern | 27–36 yrs remaining | ● Recommended |
| 21–30 yrs | ¥1,600,000 | 17 | △ Post-1981 | 17–26 yrs remaining | ◐ Caution |
| 40+ yrs | ¥850,000 | 5 | ✗ Pre-1981 | 0–6 yrs remaining | ○ High Risk |
● Recommended = Post-2000 seismic standard, financeable, strong resale · ◐ Caution = Post-1981, verify repair history · ○ High Risk = Pre-1981, limited financing, higher insurance
Market Evidence
Recent transaction samples from MLIT
All transactions from MLIT Q3 2025 release
These are actual sale prices recorded by the government — typically 5-15% below listing site prices.
| Date | Price | Area | Price/㎡ | Built | Station |
|---|---|---|---|---|---|
| Q3 2025 | ¥130,000,000 $821,070 | 55.0 m² | ¥2,363,636 $14,929 | 2015 11 years | Kachidoki |
| Q3 2025 | ¥100,000,000 $631,592 | 65.0 m² | ¥1,538,462 $9,717 | 2009 17 years | Kachidoki |
| Q3 2025 | ¥310,000,000 $1,957,936 | 95.0 m² | ¥3,263,158 $20,610 | 2015 11 years | Kachidoki |
| Q3 2025 | ¥43,000,000 $271,585 | 35.0 m² | ¥1,228,571 $7,760 | 2012 14 years | Ningyocho |
| Q3 2025 | ¥60,000,000 $378,955 | 35.0 m² | ¥1,714,286 $10,827 | 2019 7 years | Ningyocho |
| Q3 2025 | ¥23,000,000 $145,266 | 15.0 m² | ¥1,533,333 $9,684 | 2001 25 years | Nihombashi |
| Q3 2025 | ¥40,000,000 $252,637 | 30.0 m² | ¥1,333,333 $8,421 | 2005 21 years | Nihombashi |
| Q3 2025 | ¥28,000,000 $176,846 | 20.0 m² | ¥1,400,000 $8,842 | 2003 23 years | Ningyocho |
| Q3 2025 | ¥70,000,000 $442,115 | 40.0 m² | ¥1,750,000 $11,053 | 2012 14 years | Bakuroyokoyama |
| Q3 2025 | ¥34,000,000 $214,741 | 20.0 m² | ¥1,700,000 $10,737 | 2003 23 years | Mitsukoshimae |
* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.
Who Invests in Ginza / Nihonbashi
Typical Investor
Luxury retail investors, high-net-worth individuals, trophy asset seekers
Investment Thesis
Japan's most prestigious commercial address. Limited residential supply in a global luxury destination.
Key Risk
Extremely high entry cost. Commercial property dominates — residential options are scarce.