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Fewer Tokyo condos put on market

Posted on 19 May 2011

The number of condominiums offered for sale in Tokyo and surrounding areas fell more than expected in April after the Tohoku quake raised concerns among developers that demand may slow.
The number of new condos put on the market dropped 27.3 percent from a year earlier to 2,336 units, the Real Estate Economic Research Institute said in a report Wednesday. The pace of decline was faster than the 25 percent the researcher and publisher had forecast last month……………………………………….Full Article: Source


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