Flipping of new condos surges in Japan

Listings triple in 10 years for resales of properties up to a year old

20250114N condos

The average price of pre-owned condominiums up to a year old in central Tokyo's 23 wards has jumped 50% from 2019. (Photo by Konosuke Urata)

KAZUKI YAMAGUCHI, Nikkei staff writer

TOKYO -- Listings to resell condominiums within a year of construction in Tokyo and Osaka have more than tripled in the past decade as investors, including in China and elsewhere abroad, look to profit from surging prices, a Nikkei analysis finds.

A total of 1,548 such units went on sale in the first 10 months of 2024, 3.7 times as many as in the same period of 2014, shows data from Tokyo-based property database operator One of a kind. The full-year total is expected to have more than tripled as well.

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