Commercial land prices in Japan's big cities on the rise

Published Wed, Sep 16, 2015 · 09:50 PM

Tokyo

COMMERCIAL land prices in Japan's three largest metropolitan areas rose 2.3 per cent in the 12 months ended June 30, extending gains as low interest rates spurred property acquisitions, a government survey showed.

Commercial land prices for areas surrounding Tokyo, Osaka and Nagoya rose at a faster pace in that period than the 1.7 per cent increase in the previous one year, according to the Ministry of Land, Infrastructure, Transport and Tourism.