But commercial land prices slipped 0.3% in the year to July 1, their first decline in five years, the land ministry's annual survey found.
Hong Kong, Singapore and Osaka have just been ranked as the world's most expensive cities to live in.
With the 2020 Summer Olympics on the horizon, prices are rising in Tokyo, Osaka and other major Japanese cities as fewer apartments go on the market.
Many Japanese investors and developers are looking to increase their investments in India’s real estate sector, as they look to tap opportunities in the Asia’s largest economy.
Prime property prices in key cities around the word are continuing to moderate with the latest data showing they increased by 1.3% year on year, down from growth of 4.3% two years ago.
Prime property price growth in key cities around the world slowed in the second half of 2018 to just 0.4% but overall increased by 2.3% across 2018, the latest international index shows.
Commercial land prices rose for a second straight year while the pace of decline in residential land prices slowed for a ninth consecutive year, the land ministry's annual survey found
The average price for land in these cities rose 0.5 percent last year, the first increase since 1991, according to the Ministry of Land, Infrastructure, Transport and Tourism
With 100,000 new dwellings a year, Tokyo’s housing stock has kept pace with its population
Japan's property market has rebounded since late 2012, when Prime Minister Shinzo Abe took office and launched an aggressive monetary easing plan
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