Ascending: A spiral staircase at a shopping mall at the Tokyo’s Ginza shopping district. One place in this area rose to 40.1 million yen per sq m last year, the highest ever. — Reuters
TOKYO: Japan’s nationwide commercial land prices rose for the first time in eight years in 2015, driven by expectations that growing demand for hotel and retail spaces would boost property values, a government survey showed.
Prices rose 0.9% last year after staying flat in 2014, according to the annual survey by the Land, Infrastructure, Transport and Tourism Ministry.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
