🏘Tokyo-Area New Condo Supply Falls 3.0 Pct in Oct.
The number of new condominiums put up for sale in the greater Tokyo area fell 3.0 pct from a year earlier to 2,817 units in October, down for the second straight month, a private research institute said Wednesday.
Developers increasingly put off condominium launches in the face of slowing sales, mainly in suburban areas, amid elevated prices, according to the Real Estate Economic Institute.
https://jen.jiji.com/jc/i?g=ind&k=2017111500931
Real Estate Economic Research Institute, apartment market trends in October – Capital region – Newly built sales and number of units sold decreased continuously
– Contract rate 60%, average price 55.86 million yen Real Estate Economic Research Institute announced the October “Tokyo Metropolitan Condominium Market Trends” on 15th. The number of newly-delivered units decreased by 3.0% from the same month of the previous year to 2,817 units, a decrease for the second consecutive month. On the other hand, the contract monthly contract rate is 60 · 7%, down by 0. · 9 compared with the same month of the previous year (61 · 6%). It was nearly 10 下 lower than 70% of the healthy line, and the supply and demand were weak. [2017/11/16]
https://www.fudousankeizai.co.jp/