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.
