11.1% fewer condos put on sale in Tokyo area in April.TOKYO, May 14 Kyodo (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. : ADDING INFO ON CONDO SALES IN KINKI REGION IN LAST 2 PARAS) The number of new condominiums put on sale in the Tokyo metropolitan area fell 11.1% in April from a year earlier to 5,126 for the second straight monthly decline, the Real Estate Economic Institute said Tuesday. The private institute attributed the decline mainly to moves by condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. developers to advance the sale of large-sized condos to March and to step up efforts to sell previously unsold condos. It predicted that the number of new condos put on sale in the metropolitan area in May will be above the year-earlier level at some 7,500. The ratio of contracts signed to new condos put on sale in April came to 72.5%, remaining above the boom-or-bust line of 70%. The average per-unit price rose 3.8% to 39.83 million yen, and the average price per square meter Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas rose 2.6% to 522,000 yen. The institution also said a total of 1,689 condominiums were put on sale in the Kinki region, centering in Osaka and Kyoto, during the same month, a decline of 20.3% from a year earlier. The ratio of contracts signed in the region came to 71.0%, clearing the 70% threshold in an indication of a stable supply-demand situation. |
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