TOKYO, Dec 21 (News On Japan) –
The common worth per new condominium unit within the Tokyo metropolitan space in November was 82.5 million yen, marking a virtually 40% improve from the identical month final yr. In Tokyo’s 23 wards, the typical worth has exceeded 100 million yen for the primary time in 4 months.
According to the Real Estate Economic Institute, the typical worth per new condominium unit launched within the metropolitan space in November exceeded the earlier yr’s determine for the primary time in two months, reaching 82.5 million yen, a rise of greater than 22 million yen.
In October, there have been no transactions over 300 million yen, however in November, 78 items on this worth vary have been contracted, largely pushed by high-priced condominiums in Tokyo’s 23 wards, notably in Minato and Shinjuku wards.
The common worth rose by 50.2% throughout all of Tokyo’s 23 wards in comparison with final yr, reaching 128.11 million yen. This marks a return to the 100 million yen vary for the primary time since July of this yr.
Looking forward, the evaluation suggests, “Next year, the supply of large-scale, high-priced properties will decrease, likely leading to lower prices than this year. However, costs remain high, so the trend of high prices is expected to continue.”
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The common worth per new condominium unit within the Tokyo metropolitan space in November was 82.5 million yen, marking a virtually 40% improve from the identical month final yr. In Tokyo’s 23 wards, the typical worth has exceeded 100 million yen for the primary time in 4 months.
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