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JapanHealth3 days ago

Tokyo eyes more affordable housing in Shibuya with zoning rule change

Tokyo plans to increase the development of affordable housing in central areas like Shibuya through changes to zoning rules. Developers who construct low-rent apartments—priced at approximately 20% below market rates—will receive incentives. This comes amid rising condominium rents in central Tokyo, which increased by about 8% year-on-year in May.

Property

Floor area ratio limits to be relaxed for developers that build low-rent apartments

Condominium rents in central Tokyo rose about 8% on the year this May. (Photo by Sae Kamae)

DAISHI ABE and YUKA FURUBAYASHI

June 18, 2026 04:53 JST

TOKYO -- The development of affordable housing units in central Tokyo is set to grow alongside major redevelopment projects in Shibuya and elsewhere as the government offers zoning incentives to developers that also build apartments with rents around 20% below market rates.

Read the full article at Nikkei Asia →
Source document: Condominium rents in central Tokyo rose about 8% on the year this May

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Nikkei AsiaIndependent🔒Center
Tokyo eyes more affordable housing in Shibuya with zoning rule change

Tokyo plans to increase the development of affordable housing in central areas like Shibuya through changes to zoning rules. Developers who construct low-rent apartments—priced at approximately 20% below market rates—will receive incentives. This comes amid rising condominium rents in central Tokyo, which increased by about 8% year-on-year in May.

Bias read (Center): The article presents factual information about policy changes aimed at increasing affordable housing without overtly favoring any political perspective. It reports on zoning incentives and rent trends without using biased language or selective sourcing.

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