The Tokyo Metropolitan government plans to create a fund to support the middle class with housing. The initiative is associated with a sharp rise in prices for condominiums in central Tokyo. Sources indicate that the government plans to include this funding in its first budget for the 2025 fiscal year, which will begin in April.

Recent research shows that the average cost of newly built condominiums in 23 districts of Tokyo exceeds 100 million yen. Due to such a sharp increase, it is becoming increasingly difficult for families with young children to find suitable housing, which forces some of them to leave the city. According to a city official, this trend is forcing preschoolers and their parents to live outside Tokyo.

Tokyo Governor Yuriko Koike promises to take tougher measures to solve housing problems. He made this promise in July during the election campaign. The government is studying affordable housing policies similar to those in the United States and Europe.

The new fund will provide financial support to private companies involved in the development of affordable housing projects. Although the specific details of the program, such as its scope and launch dates, will be determined later, the government intends to involve companies committed to corporate social responsibility in investing in this initiative.

To cope with rising housing prices, businesses make a profit by renting out new sections of condominiums to retailers and upper floors to high-income populations. By applying this approach, the metropolitan government seeks to lead the creation of an effective system for financing the construction of affordable housing.