Olympic housing boom fades in Tokyo with glut at 7-year high

Tokyo

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, with a 20 per cent increase in the number of people looking to sell in the area in the past year.