August data from Tokyo Kantei show the average price of used condos in Tokyo's 23 wards at about 107.2 million yen, the fourth straight month above 100 million. The rise spans both new and resale properties, driven by foreign investors and domestic buyers chasing gains amid higher construction costs and a weaker yen; examples include a renovated 2LDK in central Tokyo at about 178 million yen, while a new project near Toyohashi in Aichi prefecture is priced at 37.9–78.8 million yen and due next September; as prices climb, rental demand grows and rents are rising as landlords adjust to higher asset prices. Local authorities, notably Chiyoda Ward, have urged industry groups to curb speculative purchases (such as resale restrictions), and observers say broader national regulation may be needed to cool the market.