• Kyodo News


New condominiums put on sale in the Tokyo metropolitan area in June surged 66.6 percent from a year earlier to 5,130 units, up for the fifth consecutive month, a research institute said Thursday.

Of the total supply in Tokyo, as well as Kanagawa, Saitama and Chiba prefectures, 83.9 percent of the units found buyers, up 13.7 percentage points from the year before, the Real Estate Economic Institute said.

The percentage rose above the 80 percent line for the first time in three months, it said.

Inventories at the end of June dipped 190 units from a month earlier to 5,481.

The average price per unit rose 3.3 percent from a year earlier to ¥46.94 million, up for the fourth straight month.

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