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How long will Japan's luxury-condo boom last?

The 32-story Proud Tower Tachikawa condo complex in suburban Tokyo, currently under construction, features direct train station access. The unit prices on upper floors are over 100 million yen.

TOKYO -- Condo units with prices in the hundreds of millions of yen are selling well in Japan. Eye-popping price tags don't seem to be deterring rich buyers, especially if the properties have good access to train stations.

     The Tokyo-based Real Estate Economic Institute said the number of condominium units put on the market with per-unit prices of more than 100 million yen ($880,000) in 2015 was 1,688 in the Tokyo metropolitan area. It marked a year-on-year rise for the first time in two years.

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