Tokyo Condo Prices Fall Two Months in Row in Sign Boom May Fade

Used condominium prices in central Tokyo fell for second month in March, stoking concerns that Japan’s property boom may be losing momentum.

Average prices of previously occupied apartments in the six central wards of Tokyo fell 0.2% in March from the previous month to ¥187.3 million ($1.2 million), according to data released Thursday by research firm Tokyo Kantei Co. That was the first back-to-back decline in more than three years.