New apartment prices in August
According to the latest data from the Real Estate Economic Institute, a total of 4,145 brand new apartments were released for sale across greater Tokyo in August, up 53.3% from last year. This is the supply of apartments in the month of August since 2005.
Of those, 3,378 were sold making the contract ratio 81.5%.
Meanwhile, a total of 2,250 second-hand apartments were also sold in greater Tokyo during the month.
The average price of a new apartment was 47,960,000 Yen, up 0.5% from last year. The average price per square meter was 677,000 Yen, down 2% from last year.Read more