Brillia Tower Yoyogi-Koen Classy. All apartments offered for sale in the first round of sales sold-out.

According to the Real Estate Economic Institute, 2,603 new apartments were released for sale across greater Tokyo in May, down 5.0% from the previous month and down 13.3% from last year. This is the lowest supply for the month of May seen since 1992 when 1,617 apartments were released for sale.

1,880 apartments were sold, resulting in a contract ratio of 72.2%, up 5.9 points from the previous month and up 1.3 points from last year.

Unsold inventory as at the end of May was 6,422 units, down 227 units from the previous month but up 385 units from May 2016.

The average price of a new apartment across greater Tokyo was 59,810,000 Yen, up 1.1% from the previous month and up 5.1% from last year. The average price per square meter was 861,000 Yen, up 0.6% from the previous month and up 4.6% from last year.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.