Brillia Towers Meguro

According to the Real Estate Economic Institute, the average price of a brand new apartment released for sale in greater Tokyo in August was 58,720,000 Yen, down 1.4% from the previous month but up 3.3% from last year.

The average price per square meter was 824,000 Yen, down 3.1% from the previous month but up 6.3% from last year.

2,610 new apartments were released for sale, up 23.7% from last year, but down 45.5% from July. August is typically a slow month for the real estate industry due to the summer heat and holidays, so developers usually hold off on sales activities. 1,938 apartments were sold, making the contract rate 74.3%, up 4.7 points from last year.

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