Key facts
- Japan's land ministry plans to propose tax code changes for fiscal 2027.
- The goal is to curb speculative condominium transactions.
- The ministry aims to address concerns about rising urban home prices.
- Average prices for new condominiums in central Tokyo reached a record high in the first half of 2026.
Japan's land ministry is planning to propose changes to the tax code for fiscal year 2027. The objective is to curb speculative condominium transactions that are contributing to the rise in urban home prices, making housing less accessible for average buyers. This initiative comes as average prices for new condominiums in central Tokyo reached a record high in the first half of 2026. The ministry's move is a response to growing concerns about the impact of speculation on the housing market.