Prices of single-family homes in District 23 of Tokyo, Japan fell 2.3% in May.

[prices of single-family homes in District 23 of Tokyo, Japan fell 2.3% in May] according to Nikkei Chinese website, the average expected sales price of new single-family homes in May released by Tokyo KANTEI shows that the average expected sales price of each unit in District 23 of Tokyo is 68.69 million yen (about 3.517 million yuan). It fell 2.3 per cent month-on-month to its lowest level in five months since November 2022. It is pointed out that previous high prices have led to the disappearance of buyers, and the trend of housing developers as sellers to adjust prices has intensified.