Mitsui Fudosan Financial Overview and Property Sales Business
6. Property Sales Business (Property Sales to Individuals)
6-1: Market Trends
Sales conditions are improving with economic recovery and government policies to support the housing
market. Contract rates remain strong in metropolitan Tokyo, and unsold inventory is steadily trending
downward. The market appears to have bottomed.
Metropolitan Tokyo Condominium Market: Initial Month Contract Rate & Unsold Inventory
(Thousand of Units)
12
Inventory (LHS)
Initial month contract rate (RHS)
Avg. initial month
contract rate for
2008: 62.7%
Avg. initial month
contract rate for
2009: 69.7%
(%)
100
10
82.8% 90 79.9%
(10/3)
(10/4)
8
80
6
70
4
60
2
50
Source: Real Estate
Economic Institute Co.,
0
40
Ltd.
04/1 04/7 05/1 05/7
06/1 06/7 07/1 07/7 08/1
08/7 09/1
09/7 10/1
New units launched (LHS)
Metropolitan Tokyo Condominium Market: New Units Launched & Average Price per Unit
(Thousand of Units).
(Millions of yen)
100
Average unit price, Tokyo 23ward area (RHS)
Average unit price, metro Tokyo (RHS)
70
61.2
(18.9%)
59.3
(-3.1%)
(YoY comparison in parentheses)
75
85
84
49.2
74
51.9
(-12.5%)
60
60
50
50
46.6
(1.4%)
(5.5%)
61
47.7
(2.8%)
51.4
(4.7%)
44
46.4
45.3
(-5.0%)
43
25
36
42.0
(10.6%)
50
40
50
41.0
41.0
(2.2%)
(0.9%)
(0.1%)
0
04
05
90
06
90
40
07
08
80
09
40
Source: Real Estate
Economic Institute Co.,
30 Ltd.
10 (Calendar year)
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