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Upscale Condo Enjoys Immediate Sellout

8, 16. 2006

Contract ratio of condominiums for the month that the sales began in July 2006 dropped to 80.0%, down by 3.2 points from a year ago, according to the market trend research by the Real Estate Economic Institute Co., Ltd. The research was conducted on condominiums in the Tokyo metropolitan area.

On the other hand, an upscale condominium in Tokyo, consisting of 425 house units priced at 120 million yen on average, sold out on the first day of the sales.

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