Supply of family-type apartments down 60% from peak
A recent survey by the Haseko Research Institute has found that the supply of brand new family-type* apartments totaled 12,588 units in 2011 - just 28.3% of the total apartments to hit the market last year.
While this is the second year where the ratio has increased, it is still at a low level compared to the early to mid 2000s. Compared to the peak in 2005, the current supply has fallen by over 60%.
*For the purpose of this survey, family-type apartments are those sized between 60 - 80 sqm (645 - 860 sqft) and priced under 40 million Yen.
Source:
The Asahi Shimbun, May 2, 2012.