• Kyodo News


The number of new condominiums put on sale in the greater Tokyo area in January fell 9.9 percent from a year earlier to 1,586 units, down for the second consecutive month, a research agency said Monday.

Of the total put on the market in Tokyo and Kanagawa, Saitama and Chiba prefectures, 70.3 percent found buyers, up 6.1 percentage points from a year before, according to the Real Estate Economic Institute.

In Osaka and five surrounding prefectures, the new supply totaled 1,505 condos, up 6.6 percent from a year earlier. Of those condos, 56.1 percent found buyers.

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