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Tokyo condo prices fall 1.4% in April on month
 
Jun 5, 2008
 
 

Tokyo condo prices fall 1.4% in April on month

By Chris Oliver
Last update: 9:42 p.m. EDT June 5, 2008
HONG KONG (MarketWatch) -- Tokyo condo prices fell 1.4% in April from the previous month, extending a flat to softening trend in real estate prices seen since the beginning of the year, according to the Nikkei newspaper, which cited figures from property firm Tokyo Kantei Co. Condo prices in the greater Tokyo metropolitan area fell 0.9% on month, after posting a slight gain in March. A benchmark family dwelling of 70 square meters (754 square feet) in the greater Tokyo area fetched 32.36 million yen ($304,000) in April, the fourth straight month average prices averaged in the 32 million yen range since touching a high of 34 million yen in December. End of Story
 
 
Post by Andy Yao
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