According to the Real Estate Economic Institute, 2,342 brand new apartments were released for sale across greater Tokyo in April, down 35.3% from March and down 14.6% from last year. The reason for the drop in supply is due to a smaller number of large-scale projects on the market compared to this time last year. More of these major projects are expected in the near future, and supply may soon return to normal levels.

The average sale price was 55,480,000 Yen, down 6.3% from last year, while the average price per square meter was 800,000 Yen, down 6.5% 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 3,200 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 3,200 news articles on Japan's real estate market, please register here.

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