New apartment prices in Tokyo increase for 8th month
According to the Real Estate Economic Institute, 3,366 brand new apartments were released for sale across greater Tokyo in November, up 19.5% from the previous month and up 24.6% from last year.
The average sale price was 55,510,000 Yen, down 0.6% from the previous month but up 7.6% from last year. The average price per square meter was 835,000 Yen, up 3.0% from the previous month and up 11.5% from last year. This is the 8th month in a row to record a year-on-year increase in sale prices.Read more