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Japan's 2016 land prices up, led by big gains in cities

Tuesday, July 4, 2017 - 05:50

The price rise was partly due to demand for land to build hotels and retail space as the number of overseas visitors to Japan in 2016 hit a record 24 million.


LAND prices in major Japanese cities such as Tokyo and Osaka rose in 2016 by more than 10 per cent, lifting nationwide prices for a second year in a row, a government survey showed on Monday.

Japan's average land price increased 0.4 per cent in 2016, a bigger rise than 0.2

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