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Japan's New Condo Price Hits Record High in 2024

Japan's New Condo Price Hits Record High in 2024

High-rise condominium buildings around JR Kawaguchi Station in Saitama Prefecture, north of Tokyo, in February 2024
High-rise condominium buildings around JR Kawaguchi Station in Saitama Prefecture, north of Tokyo, in February 2024

   Tokyo, Feb. 26 (Jiji Press)--The average price of new condominiums in Japan hit a record high for the eighth consecutive year in 2024 because of rising costs for construction materials and labor, Real Estate Economic Institute Co. said Wednesday.
   The average condo price rose 2.9 pct from the previous year to 60.82 million yen per unit.

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AFP-JIJI PRESS NEWS JOURNAL


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