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The Japan News/Yomiuri

Business

The Yomiuri Shimbun

Condominium prices continue to soar

Condominium buildings in the Harumi Flag area in Chuo Ward, Tokyo (Credit: The Yomiuri Shimbun)

Prices continue to soar for condominiums amid a short supply and historically low interest rates.

With a surge in sales of luxury condominiums that cost more than 100 million yen, the average price of newly built units in the Tokyo metropolitan area in 2021 exceeded the peak figure seen in the years of the economic bubble.

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