Although sales are sluggish in suburban areas, a sales war is erupting between Japan’s top property developers as they battle to out-do each other with luxurious residential projects in Tokyo’s centre. The battleground is Tokyo’s Minato Ward, in wealthy neighbourhoods where prices have always been relatively high.
Many of these new condominium developments are located in the vicinity of Tokyo Midtown - a mixed-use office, retail, hotel and rental apartment complex in the Akasaka/Roppongi district.
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