New apartment supply in 2019 reaches lowest level in 27 years

The Court Jingu-Gaien was home to the expensive apartment in Tokyo in 2019.

In 2019 a total of 31,238 brand-new apartments were released for sale across greater Tokyo, down 15.9% from 2018 and the first time in three years to see an annual drop. Supply has dropped to a third of the level seen in 2000.

Tokyo’s 23 wards saw a 13.9% drop, while Kanagawa saw supply fall by 12.5%. 

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Aussie tourists turn their back on Niseko

Australians have been a long staple of Niseko’s winter crowd. But, recent tourist numbers show a shifting trend as Aussies shun the slopes of Niseko for the ski fields in Honshu.

In 2018, foreign tourists spent a total of 465,000 nights in Niseko. Visitors from Hong Kong, Singapore and other countries in Asia are up, while visitor numbers from Australia are down by much as 20% since 2015.

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