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Originally published by Capital Business
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business
June 23, 2025
5mo ago

New condo prices rise in greater Tokyo area

New condo prices rise in greater Tokyo area

TOKYO, June 23 (Xinhua) -- The average price of newly built condominiums released in May across Tokyo and its surrounding prefectures continued to rise in Kenya breaking news | Kenya news today |..

✨ Key Highlights

The average price of newly built condominiums in the greater Tokyo area saw a significant rise in May, according to a report by the Real Estate Economic Institute.

  • Average condo prices reached approximately 93.96 million yen (about 638,649 U.S. dollars), reflecting a 25.5 percent year-on-year increase.
  • Key organization: Real Estate Economic Institute
  • In Tokyo's 23 wards, prices surged to an average of 140.49 million yen, a 36.1 percent increase, with focus on ultra-luxury properties.

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