TOKYO -- Nearly 10% of newly built condominiums in large properties sold in Tokyo in the first half of 2024 were resold within a year, government data shows, spurring the real estate industry to take action to curb an apparent rise in speculative deals.
Property
Condo flipping surges in Tokyo as housing prices soar
With 10% of high-rise units resold in a year, industry group announces curbs on speculation
High-rise condominiums in central Tokyo are particularly prone to quick resales. (Photo by Tomoki Mera)
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