Tokyo Drives Small New Home Prices Above 60 Million Yen

The average asking price for newly built small detached homes in January rose 4.7 percent from the previous month to 61.54 million yen across the Tokyo metropolitan region’s four prefectures, according to a real estate research firm, marking a new high since surveys began in April 2014 and pushing prices above 60 million yen for the first time. (News On Japan)