According to the Real Estate Economic Institute, 2,978 brand new apartments were released for sale across greater Tokyo in September, up 41.7% from the previous month but down 13.0% from last year. Back in 2013, as many as 5,970 new apartments were released for sale in the month of September.
The average sale price was 58,240,000 Yen, up 0.5% from the previous month and up 4.4% from last year. The average price per square meter was 846,000 Yen, down 2.9% from the previous month but up 7.6% from last year. This is the sixth month in a row to record a year-on-year increase.
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.