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Tokyo new apartment supply seen at 17-yr low

Posted on 15 July 2009

From Reuters: New apartments put up for sale in Tokyo this year are likely be a quarter less than previously forecast and hit a 17-year low as developers struggle to make sales, a research firm said on Tuesday.

Japan’s property market, the world’s second biggest, has been hit hard with a number of developers going bust as banks rein in lending and as consumers are reluctant to buy apartments amid the nation’s deepest recession since World War Two…….Full Article: Source


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