New apartment prices in greater Tokyo increase for 5th month in a row
According to the Real Estate Economic Institute, there were 2,101 brand new apartments offered for sale across greater Tokyo in August, down 38.7% from the previous month but up 6.9% from last year. The average sale price was 57,940,000 Yen, down 11.7% from the previous month but up 2.3% from last year. The average price per square meter was 871,000 Yen, up 9.1% from last year and the fifth month in a row to record a year-on-year increase.
The contract ratio in greater Tokyo was 68.2%, up 1.6 points from last year. In the Tokyo metropolitan area it was 72.4%, above the 70% line said to indicate healthy market conditions.
The following buildings saw same-day sellouts in August: