According to REINS, the average sale price of a second-hand apartment in Tokyo’s central three wards of Chiyoda, Chuo, and Minato, reached 1,574,500 Yen/sqm in October. This is a 21.1% increase from last year, and a record high. Apartment prices have seen double-digit year-on-year growth for 8 of the 10 months so far in 2022. Sale prices are up 30% since the start of 2020 and have increased by 51% over the past five years.

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