The average price of newly built condominiums released in the Tokyo metropolitan area last month was about 62 million yen, nearly 20% lower than the same month last year, the first decline in four months.
However, the companies surveyed say that buyers are still motivated to buy, and prices are expected to remain high.
According to the research company "Real Estate Economic Research Institute", the average price per unit of newly built condominiums released last month in Tokyo, Kanagawa, Saitama, and Chiba is 62.91 million yen, which is 1473 from the same month last year. It fell by 19% at a rate of 10,000 yen.
The decline is the first in four months.
A year ago, a high-priced condominium of over 200 million yen was released in Chiyoda-ku, Tokyo, which pushed up the average price of the whole, and this fall is mainly due to the reaction.
By region, Tokyo's 23 wards were 73,440,000 yen, 27.9% from the same month last year, Saitama prefecture was 45,300,000 yen, 13.8%, and Chiba prefecture was 42,430,000 yen, 6.9%, respectively, but Kanagawa prefecture was Kawasaki. Due to the launch of a tower apartment in the city, it was 59.25 million yen, up 15.2%.
The research company said, "The contract rate of properties is high, inventory is declining, and buyers are still motivated to buy. With the rise in prices of condominium materials such as concrete, the average price of newly built condominiums is It is expected that the high standard will continue in the future. "