Olympic housing boom fades in Tokyo with glut at 7-year high
Developers sell new condos at "rather conservative prices"
Sat, Feb 25, 2017 - 5:50 AM
Home prices in the Kachidoki area of Tokyo, which surged 25 per cent since the city won the Games four years ago, have started to fall from their peak.
EVIDENCE is mounting that Tokyo's housing boom is nearing an end.
In the Kachidoki area facing Tokyo Bay, home to the city's hottest market given its proximity to venues for the 2020 Olympic Games, real-estate broker Hayato Jo has a wall full of notices of apartments for sale...