TOKYO -- The average listing price of new houses in Tokyo increased 2.4% on the month in February to a record 78.59 million yen ($534,000), a new survey found, driven largely by demand for homes within an easy commute to the heart of the city.
The survey, conducted by real estate consultancy Tokyo Kantei, looked at new detached houses in Tokyo's 23 wards on plots of 50 square meters to less than 100 sq. meters, and within a 30-minute walk or 20-minute bus ride to the nearest train station.
