Key facts
- LDP considering curbs on speculative condo trading.
- Measures aim to restrict short-term resale of properties.
- Condo prices in central Tokyo have doubled in a decade.
Japan's ruling Liberal Democratic Party (LDP) is contemplating measures to address the rapid increase in condominium prices, particularly in Tokyo and other major urban centers. The party is exploring options such as restricting the short-term resale of properties to curb speculative trading. This consideration comes as prices for newly built condominiums in central Tokyo have reportedly doubled over the past decade. The LDP's discussions are taking place with an eye on upcoming April elections.