• Kyodo


The number of condominiums listed for sale in the greater Tokyo region declined for the first time in 10 months in February, a research institute said Wednesday.

A total of 2,651 new condominiums came on the market, down 24.1 percent from a year earlier, the Real Estate Economic Institute said.

Of the new condos supplied in Tokyo and three surrounding prefectures of Chiba, Kanagawa and Saitama, 80.6 percent found buyers, up 4.2 percentage points from a year earlier, the institute said.

The average unit price increased 18.1 percent to ¥50.64 million.

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