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New condo prices in greater Tokyo down for 3rd straight month
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New condo prices in greater Tokyo down for 3rd straight month
The average cost of a new condominium in the greater Tokyo area has fallen for the third straight month. But prices remain high overall on the back of higher construction costs. The Real Estate Economic Institute says the average price of condos in Tokyo, plus neighboring Kanagawa, Saitama and Chiba prefectures was around 474,000 dollars in May. That's down 7.2 percent in yen terms from a year ago. The average cost in the capital's central 23 wa…
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