Shinjuku
新宿区
TokyoInvestment Index
Significant Decline
Shinjuku remains one of Tokyo's highest-transaction areas. Median condo prices have risen 67% in 3 years — here's what the data shows.
What buyers actually paid vs listing site prices
Listing sites
~¥1,468,444/m²
Actual price
¥1,311,111.11/m²
-11%
* Listing price estimated based on typical asking-to-transaction gaps.
Market Trends
Prices have risen 68% 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 | ¥2,014,286 | 14 | ✓ Modern | 37–47 yrs remaining | ● Recommended |
| 11–20 yrs | ¥1,760,000 | 8 | ✓ Modern | 27–36 yrs remaining | ● Recommended |
| 21–30 yrs | ¥1,350,000 | 15 | △ Post-1981 | 17–26 yrs remaining | ◐ Caution |
| 31–40 yrs | ¥1,100,000 | 3 | △ Post-1981 | 7–16 yrs remaining | ○ High Risk |
| 40+ yrs | ¥953,571 | 10 | ✗ 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
These are actual sale prices recorded by the government — typically 5-15% below listing site prices.
| Date | Price | Area | Price/㎡ | Built | Station |
|---|---|---|---|---|---|
| Q3 2025 | ¥44,000,000 $275,983 | 20.0 m² | ¥2,200,000 $13,799 | 2006 20 years | Nishi-Shinjuku |
| Q3 2025 | ¥150,000,000 $940,852 | 70.0 m² | ¥2,142,857 $13,441 | 2011 15 years | Iidabashi |
| Q3 2025 | ¥150,000,000 $940,852 | 75.0 m² | ¥2,000,000 $12,545 | 2001 25 years | Shinjuku |
| Q3 2025 | ¥17,000,000 $106,630 | 15.0 m² | ¥1,133,333 $7,109 | 1994 32 years | Shinjuku |
Showing 4 of 50 transactions.
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* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.
Who Invests in Shinjuku
Typical Investor
Yield-focused investors, first-time Japan buyers seeking liquid markets
Investment Thesis
Massive tenant pool from business travelers and students. High transaction volume = easy to buy and sell.
Key Risk
Oversupply risk from new development. Older stock faces increasing competition.