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Tokyo, Saitama and Kanagawa prefectures saw continued decreases while Chiba prefecture reported the sole increase in executed sales contracts.
Developer Tokyu Land Corporation announced electric vehicle chargers to be installed in all parking spaces, a first in Tokyo and surrounding prefectures.
Brand new houses in Tokyo prefecture saw average prices rise above 40 million yen for the first time since June of 2019.
The Urban Land Institute and PricewaterhouseCoopers collaborated on the 16th edition of the forward looking report for the region.
Open House Development launched sales on their Open Residencia Kichijoji Honcho project.
The project marks the first ever 30 plus floor building in Tokyo’s Kita ward.
Total revenue reached a new all time high for the firm.
Rising prices still point to supply shortage and not decreased buyer demand as the main reason for the decline.
A faster pace of sales than expected according to developer Mitsui Fudosan Residential.
Over a quarter of purchasers in the subdivision were from Tokyo.
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