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