Tokyo Metropolitan Area New Condo Prices Soar to Record High in February

The average price of new condominiums sold in the Tokyo metropolitan area (1 capital and 3 prefectures) in February rose by 38.8% year-on-year to 110.25 million yen. This marks the first time prices have exceeded 100 million yen since August last year, driven by high-priced properties in areas like Funabashi City, Chiba Prefecture.