New apartment prices up 7.9% in June
According to the Real Estate Economic Institute, 4,888 new apartments were released for sale in greater Tokyo in June, up 22% from June 2012.
The contract rate improved by 2.9 points from the previous month to 81.6%.
The average apartment price was 48.33 million Yen, up 7.9% from June 2012, but down 1.3% from last month. The average price per square meter was 686,000 Yen, up 8.7% from last year, but down 1.0% from last month.Read more