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Market Chatter: Tokyo's Used Condominiums Market Shows Signs of Slowing

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The prices of used condominiums in central Tokyo are showing signs of slowing as inventories rise and sellers cut the asking prices, The Asahi Shimbun reported Friday, citing Tokyo Kantei Co. data.

The share of listed properties that saw price cuts over the last three months rose to 49.1% from 34% a year earlier, according to the report, with the average markdown standing at 6.1%, the steepest reduction recorded in the past decade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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