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Tokyo-Area New Condo Supply Up 38.6 Pct in April

Tokyo-Area New Condo Supply Up 38.6 Pct in April

   Tokyo, May 18 (Jiji Press)--The number of new condominiums put up for sale in the greater Tokyo area in April soared 38.6 pct from a year before to 2,741 units, up for the third straight month, the Real Estate Economic Institute said Thursday.
   Growth was especially strong in Tokyo. The overall figure shot up after developers reduced supply because of price increases a year earlier.

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AFP-JIJI PRESS NEWS JOURNAL


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