TOKYO, Oct. 20 (Xinhua) -- The average price of a newly built condominium in the Tokyo metropolitan area topped 100 million yen (about 630,000 U.S. dollars) for the first time in the April-September period, setting a record for the fourth consecutive year, a research institute said Tuesday.
The average price of new condos in Tokyo and the neighboring prefectures of Chiba, Kanagawa and Saitama rose 21.1 percent from a year earlier to a record 114.94 million yen, according to the Real Estate Economic Institute.
In central Tokyo, the average price surged 34.7 percent year on year to a record 179.25 million yen during the six-month period.
Prices also climbed in Chiba Prefecture, rising 24.1 percent to 73.76 million yen. In contrast, the average price fell 2.1 percent in Saitama Prefecture to 64.57 million yen and 1.6 percent in Kanagawa Prefecture to 77.16 million yen.
Meanwhile, the number of new condominium units offered for sale across the Tokyo metropolitan area in the first half of fiscal 2026 declined 6 percent from a year earlier to 8,601, the institute said. ■
