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Tokyo condo prices overtake bubble-era record in 2021

COVID-19 and low interest rates spur demand for homeownership

A high-rise condo in the Kanagawa Prefecture city of Kawasaki. Japanese homebuyers are snapping up units not just in Tokyo, but also its surrounding regions.

TOKYO -- New condominium prices in greater Tokyo last year topped the record set during the height of Japan's asset price bubble, according to data published Tuesday by the Real Estate Economic Institute.

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