The average unit price of new condominiums put up for sale in Tokyo's 23 special wards in fiscal 2025 hit a record high of ¥137.84 million, reflecting rising construction costs and supply shortages, Real Estate Economic Institute said Monday.The figure rose 18.5% from the previous year and exceeded ¥100 million for the third straight year.The average price of new condos in the Tokyo metropolitan area, which comprises the whole of Tokyo and the neighboring prefectures of Kanagawa, Saitama and Chiba, climbed 15.3% to ¥93.83 million, also a record high. More large-scale properties were provided in areas easily accessible from central Tokyo, pushing up the average price.