Sales of condominiums in the Tokyo metropolitan area fell 44% to a record low in January

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Sales of condominiums in the Tokyo metropolitan area fell 44% to a record low in January

The number of newly built condominium units sold in the Tokyo metropolitan area (Tokyo, Kanagawa, Saitama, Chiba) in January as announced by the Real Estate Economic Research Institute (Tokyo/Shinjuku) on the 19th was 620 units, down 44% from the same month last year. Supply was delayed mainly in Tokyo, and it was the lowest ever for January in 50 years. The average price fell 8% to 73.43 million yen for the first time in 2 months. Looking at th…