The Chiyoda Ward government in Tokyo announced plans to conduct a Chiyoda vacancy survey next fiscal year. This initiative targets empty apartments and condominiums to increase affordable rental options amid rising property prices.
Moreover, the ward plans to subsidize renovations for vacant units. These subsidies aim to make apartments more appealing for rent at reasonable rates. Officials believe this approach could curb the escalating cost of housing in central Tokyo and support population growth in the ward.
A preliminary survey has already started on select properties. Additionally, the ward will allocate funds for a full survey under the general account budget for next fiscal year. Sources estimate several thousand apartment vacancies exist in Chiyoda.
Starting next spring, officials will spend one year identifying all vacant units. They will also interview property owners to understand each unit’s status. Then, they will gauge willingness to renovate and estimate the required costs. Afterward, the ward will decide on the appropriate subsidy to encourage owner participation.
The Chiyoda vacancy survey complements previous efforts by the ward to stabilize the housing market. In July, the ward urged the Real Estate Companies Association of Japan to restrict speculative apartment and condominium deals. As a result, officials hope these measures will increase affordable rental options and expand the resident population.
Experts note that urban centers like Chiyoda face high demand and underutilized housing. By combining renovation subsidies with vacancy mapping, the ward can better match supply with rental demand. Observers also suggest this approach could serve as a model for other Tokyo wards facing similar affordability challenges.
The Chiyoda vacancy survey represents a proactive strategy to support residents and property owners. Identifying vacant units and offering renovation assistance will strengthen community growth and maintain a vibrant local economy. Therefore, survey results will guide future policies and help ensure housing remains accessible to more residents.
Officials emphasized that the initiative’s success relies on cooperation from property owners and careful market monitoring. Accordingly, the ward plans to finalize subsidy programs based on survey results and encourage active participation.
