Years after its planned launch date, a new commercial complex featuring restaurants and a hot spring will open next to Tokyo’s Toyosu fish market on Feb. 1.
The average price of new condominiums in Tokyo s 23 wards exceeded 100 million yen for the first time last year. This development raises questions about who is buying these high-priced properties and what options are available for those who find these prices out of reach.
The average price of new condominiums released last year in central Tokyo topped 100 million yen ($677,000) for the first time, driven by luxury properties and soaring construction material prices, real estate research firm data show.