The number of newly built condominiums launched in the Tokyo metropolitan area last month fell 6.3% from the same month last year, the first decline in eight months.
Against the backdrop of rising housing demand such as telework, this was due to the reaction to the launch of many properties in the first half of the year, and the companies surveyed believe that supply may increase again after the fall.
According to a private research firm, Real Estate Economic Research Institute, the number of newly built condominiums released last month in Tokyo, Kanagawa, Saitama, and Chiba was 1952, a decrease of 6.3% from the same month last year.
It is the first time in eight months that the number of units sold has fallen below the same month of the previous year.
It is believed that this is mainly due to the fact that the number of large-scale properties has decreased due to the reaction of many real estate companies launching many properties in the first half against the backdrop of rising housing demand such as the spread of telework.
On the other hand, in terms of demand, the two properties sold out on the same day, and inventories have decreased by more than 1,000 units from the same month last year.
In addition, the average price per unit is 64.98 million yen in the Tokyo metropolitan area and 83.19 million yen in the 23 wards of Tokyo, both of which are high levels.
According to the company surveyed, "The contract rate is high and consumer needs are still firm. Acquisition of residential land in highly convenient areas is becoming more difficult, but each company is preparing for the autumn sales season in the future. Supply may increase again. "