{"id":169375,"date":"2025-03-13T17:01:37","date_gmt":"2025-03-13T08:01:37","guid":{"rendered":"https:\/\/www.fukuoka-now.com\/?post_type=news&#038;p=169375&#038;lang=en"},"modified":"2025-03-13T17:01:37","modified_gmt":"2025-03-13T08:01:37","slug":"fukuoka-condo-sales-drop","status":"publish","type":"news","link":"https:\/\/www.fukuoka-now.com\/en\/news\/fukuoka-condo-sales-drop\/","title":{"rendered":"Fukuoka Condo Sales Drop 18% Amid Price Surge"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Sales of newly built condominiums in Fukuoka Prefecture fell by 18% in 2024, marking a sharp downturn driven by rising construction costs and rapid price increases. While demand for high-end properties in central Fukuoka remains strong, mid-priced units in suburban areas such as Onojo and Kasuga are struggling to attract buyers. Developers are delaying launches or reassessing pricing strategies, with supply also shrinking\u2014new unit offerings dropped 15.4% to 3,990 units. Average unit prices in Fukuoka City have surged by approximately \u00a514 million year-on-year, reaching \u00a560.1 million. In the city\u2019s Ch\u016b\u014d Ward, the average price per tsubo has risen 45% in one year, now reaching \u00a54.41 million. Real estate analysts warn of a prolonged market slowdown. Land prices are showing signs of stagnation, and affordability concerns are growing even among dual-income households.<\/span><b> Source:<\/b> <a href=\"https:\/\/www.fudousankeizai.co.jp\/share\/mansion\/619\/zm2024.pdf\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Real Estate Economic Institute Co., Ltd.<\/span><\/a><span style=\"font-weight: 400;\"> \/ <\/span><a href=\"https:\/\/farea.jp\/di\/pdf\/DI_fukuoka_202502_gaiyo.pdf?v2\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Fukuoka Association of Real Estate Appraisers<\/span><\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-169368\" src=\"https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2025\/03\/fnn_condominium-momochi_2025_WEB.jpg?resize=1400%2C1050&#038;ssl=1\" alt=\"Fukuoka Condo Sales Drop 18% Amid Price Surge\" width=\"1400\" height=\"1050\" srcset=\"https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2025\/03\/fnn_condominium-momochi_2025_WEB.jpg?w=1400&amp;ssl=1 1400w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2025\/03\/fnn_condominium-momochi_2025_WEB.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2025\/03\/fnn_condominium-momochi_2025_WEB.jpg?resize=1024%2C768&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.fukuoka-now.com\/wp-content\/uploads\/2025\/03\/fnn_condominium-momochi_2025_WEB.jpg?resize=768%2C576&amp;ssl=1 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Stay informed with the latest Fukuoka &amp; Kyushu news and events in English. Sign up for our <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/mailmagazine\/\"><span style=\"font-weight: 400;\">free weekly newsletter <\/span><\/a><span style=\"font-weight: 400;\">today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/mailmagazine\/\"><span style=\"font-weight: 400;\">The Now<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using <\/span><a href=\"https:\/\/www.fukuoka-now.com\/en\/contact\/\"><span style=\"font-weight: 400;\">this <\/span><b>form<\/b><span style=\"font-weight: 400;\">.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales of newly built condominiums in Fukuoka Prefecture fell by 18% in 2024, marking a sharp downturn driven by&#8230;<\/p>\n","protected":false},"author":29305,"featured_media":169371,"comment_status":"closed","ping_status":"closed","template":"","tags":[],"class_list":["post-169375","news","type-news","status-publish","has-post-thumbnail","hentry","location-fukuoka-city","news-category-general","en-US"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news\/169375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/users\/29305"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/comments?post=169375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media\/169371"}],"wp:attachment":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media?parent=169375"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/tags?post=169375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}