Tiffany Ginza building asking price cut by a third as real estate market cools

The owner of the Tiffany building in Tokyo's Ginza district has reduced its asking price by one-third, dropping from ¥120 billion to ¥80 billion. The price cut follows difficulties in securing buyers at the original valuation.

The reduction in the asking price for the prominent Ginza property reflects a cooling real estate market in the area.