New apartment supply drops 35.8% in March
According to the Real Estate Economic Institute, 2,142 brand-new apartments were released for sale across greater Tokyo in March, down 35.8% from last year. This is the lowest level seen for the month of March since 1992.
A total of 1,500 apartments sold within the first month of sales, resulting in a contract ratio of 70.0% - a 2.2 point decrease from last year.