New Condo Prices in Tokyo Reach All-Time High

TOKYO, Oct 22 (News On Japan) - The average price of new condominiums sold in Tokyo's 23 wards surpassed 100 million yen for the second consecutive year in the first half of this fiscal year, reaching an all-time high.

According to the Real Estate Economic Institute, the average price of the 3,242 newly built condominiums sold in Tokyo's 23 wards from April to September this year was 110.51 million yen.

This marks the second time that the average price in the first half of a fiscal year has exceeded 100 million yen since the start of the survey in 1973, following last year's record of 105.72 million yen.

The average price in the four prefectures of Tokyo, Kanagawa, Saitama, and Chiba was also at a record high of 79.53 million yen, surpassing last year’s 78.36 million yen for the second consecutive year.

The Real Estate Economic Institute analyzed the situation, stating that "Rising construction costs and a concentration of supply in prime locations have driven up prices."

Source: ANN

Japan's Tuition-Free High School Program Expanded Nationwide

The Japanese government has decided to expand its tuition-free high school program this spring. Public high school tuition is now completely free regardless of household income, and starting next academic year, the scope of support for private schools will also be broadened.

Exploring the Mystery of Okinawa's Royal Tomb

Shuri Castle, a symbol of Okinawa's Ryukyu heritage, suffered extensive damage in a devastating fire in October 2019 that destroyed the main hall and many other structures. The cause of the blaze remains unknown.

Lack of Carpenters Causing Construction Delays

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

Japan's Imperial Household Launches YouTube Channel

The Imperial Household Agency launched an official YouTube channel on April 1st to introduce the activities of Emperor Naruhito and Empress Masako.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

MEDIA CHANNELS

MORE Business NEWS

Luxury Campers Make Comeback in Japan

Over 20,000 people attended the Camping Car Show held last month in Osaka over two days, reflecting a growing interest in campers across Japan. What is driving this renewed popularity?

Next-Gen Semiconductor Project Kicks Off in Hokkaido

The prototype line for next-generation semiconductors developed by Rapidus is now ready, as a nationwide initiative to boost Japan's chip industry takes a major step forward in Hokkaido.

Japan to Tighten Screening of Foreign Investments

The Japanese government approved a cabinet ordinance on April 1st to introduce a new pre-screening system for foreign companies investing in Japan. The revised regulation will take effect on May 19th.

Economic Outlook Dims for Japan's Industrial Giants

The Bank of Japan's March Tankan survey, a key quarterly economic report, showed that business sentiment among large manufacturers has deteriorated for the first time in four quarters.

Tokyo Starts Mandatory Solar Panels for New Houses

Tokyo has made it mandatory to install solar panels on newly built houses starting April 1st, as part of its broader effort to halve greenhouse gas emissions by 2030.

Sekisui House Holds Entrance Ceremony at Grand Green Osaka

The new fiscal year began on April 1st, with companies across the Kansai region holding entrance ceremonies to welcome new employees.

New Recruits Across Japan Mark First Day as Working Adults

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.

Sukiya Closes Most Stores After Insect and Rat Contamination

Sukiya, one of Japan's leading beef bowl restaurant chains, announced it will temporarily close nearly all of its stores after an insect was found in a food item served at one of its outlets.

< 2 3 4 5 >