TOKYO -- The supply of new condos in Tokyo has fallen to its lowest level in about 30 years, as a rise in land prices, construction costs and speculative investment pushes developers to focus on lucrative high-end units.
Developers focus on expensive units amid high costs, foreign investor demand

Tight supply of newly built apartments is pushing up prices for family rental units in Tokyo. (Photo by Tomoki Mera)
TOKYO -- The supply of new condos in Tokyo has fallen to its lowest level in about 30 years, as a rise in land prices, construction costs and speculative investment pushes developers to focus on lucrative high-end units.