Bad news: Some Tokyo apartments now going for over a billion yen and these aren’t those ultra high-end 500 sq m penthouses. Even relatively“modest” 120 sq m apartments in Mita area are selling for JPY1.55 billion ($10.5 million).
More bad news: Sanseito’s public support is directly correlated to apartment prices. Younger folks are frustrated since they cannot afford a house in Tokyo any more. At this rate Sanseito will end up having a majority in the next election. Like it or not.
by Fifty_pips