TOKYO, Oct 22 (Information On Japan) –
The typical value of latest condominiums bought in Tokyo’s 23 wards surpassed 100 million yen for the second consecutive yr within the first half of this fiscal yr, reaching an all-time excessive.
In keeping with the Actual Property Financial Institute, the typical value of the three,242 newly constructed condominiums bought in Tokyo’s 23 wards from April to September this yr was 110.51 million yen.
This marks the second time that the typical value within the first half of a fiscal yr has exceeded 100 million yen for the reason that begin of the survey in 1973, following final yr’s document of 105.72 million yen.
The typical value within the 4 prefectures of Tokyo, Kanagawa, Saitama, and Chiba was additionally at a document excessive of 79.53 million yen, surpassing final yr’s 78.36 million yen for the second consecutive yr.
The Actual Property Financial Institute analyzed the scenario, stating that “Rising development prices and a focus of provide in prime areas have pushed up costs.”
Supply: ANN
