The number of newly-built condominiums sold in the Tokyo metropolitan area has dropped drastically since the survey started on June 18, at 16:02
The number of new condominiums released in the Tokyo metropolitan area last month was 393 units, representing a dramatic decrease of over 80% compared to the same month last year. Due to the influence of the new coronavirus, the real estate company narrowed down the sales, so the number of units sold in one month became the smallest since the survey started in 1973.
According to a private research company, Real Estate Economic Research Institute, the number of newly built condominiums released last month was 393 units in Tokyo, Kanagawa, Saitama and Chiba prefectures, which is 82.2% of the same month last year. It has decreased significantly.
The number of units sold in a month is the smallest since the survey started in 1973.
The number of units sold has dropped significantly because real estate companies have closed down model rooms due to the spread of infections, and sales have been narrowed down.
In addition, the average price per unit increased by 6.4% from the same month of last year to 64,580,000 yen due to the high proportion of properties released in the 23 wards of Tokyo, which have high prices.
By region,
the average price in Tokyo's 23 wards dropped 1.2% to 782.5 million yen
▽ outside 23 wards fell 26.1% to 41.59 million yen
▽ Kanagawa prefecture fell 0.5% to 506.4 million yen
▽ Saitama prefecture , Fell by 26.7% to 361.1 million yen
▽ Chiba prefecture dropped by 17% to 38.8 million yen.
The Real Estate Economic Research Institute said, "Because of the new coronavirus, real estate companies have been forced to change the sales method, such as the restriction of model room visits, and the number of units sold may continue to be weak from this month onwards." Talking