Business / Corporate

Condos planned for athletes village in Tokyo seeing strong demand

JIJI

The condominiums planned for the athletes village for the 2020 Olympics have seen strong demand since the first 600 units were listed, a group of 10 real estate companies said Wednesday.

A total of 1,543 applications have been submitted for the 600 units, which are priced between ¥54 million and ¥230 million, according to the companies, which include Mitsui Fudosan Residential Co.

The average number of applications per unit came to 2.57, with the highest for a single unit at 71.

The village is under construction in the Harumi waterfront area in Tokyo’s Chuo Ward.

About 4,100 units based on the facilities there will be put up for sale, and about 1,500 others will be available for rent.

The post-Olympic housing is planned to be made available to residents from March 2023.