chinese investors: Prices in the neighborhood, which surged 25 percent since Tokyo won the right to hold the games in 2013, have started to fall from their peak, according to The Japan Times. Elsewhere, more cracks are appearing. In the Kachidoki area facing Tokyo Bay, home to the city's hottest market given its proximity to venues for the 2020 Olympic Games, real estate broker Hayato Jo has a wall full of notices of apartments for sale, with a 20 percent increase in the number of people looking to sell in the area in the past year. The number of unsold new apartments in the city reached the highest level in seven years last year. A Chinese government clampdown on citizens moving money offshore has thrown up another obstacle. Inquiries from Chinese investors, who helped fuel property market gains, have halved since August 2015, according to Noboru Takimoto, senior manager of overseas residential sales at Jones Lang LaSalle K.K., as the world's second-biggest economy slowed.
(news.financializer.com). As
reported in the news.
Tagged under chinese investors, percent increase topics.