The average price of a new condominium in central Tokyo in October rose 18.3 percent year-on-year to 153.13 million yen ($972,000), the second-highest level on record, a research institute said Thursday.Boosted by strong sales of ultra-luxury properties in central Tokyo amid rising land prices, the average for the greater metropolitan area covering the capital and its three surrounding prefectures also climbed 7.1 percent to 98.95 million yen, according to the Real Estate Economic Institute."With large-scale properties slated for release in popular areas, the price will likely continue to r…READ FULL ARTICLE
