Land prices up in major Japanese cities
Jiji -- Jun 02
Tokyo, June 1 (Jiji Press)--Land prices in Japan's major cities as of April 1 had risen moderately on solid demand for offices and condominiums, a quarterly survey by the land ministry showed Friday.

Land prices went up at 91 of 100 districts surveyed, with the proportion of districts showing higher prices topping 90 pct for the first time since the survey started in the fourth quarter of 2007.

As of Jan. 1, 89 districts saw land prices increase, according to the previous survey.

The latest research showed that the prices newly went up in three districts--Kashiwanoha in Kashiwa, Chiba Prefecture, Aomi and Daiba in Tokyo's Koto Ward and Shimogamo in Kyoto.

On the other hand, the land price in the Motomachi district in Yokohama, which rose three months earlier, was unchanged at the outset of April.

News source: Jiji
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