Average prices for used condominiums in Tokyo fell 0.2% from the previous month to ¥112.74 million (about $710,000) in August, ending a 28-month run without a monthly decline, Tokyo Kantei said in data released on the 24th. The decline follows earlier weakness in the capital’s most expensive central areas and suggests that pressure is spreading across Tokyo’s condominium market. Prices in the city’s six central wards dropped 0.7%, marking their fourth straight monthly decline, with figures adjusted to represent 70-square-meter units. Mortgage rates are rising as Japan’s central bank raises interest rates and signals it may tighten credit further, weighing on demand. The Financial Services Agency has said it will strengthen oversight of real-estate lending amid concerns that prices are overshooting as domestic and international investors pursue capital gains. Tokyo Kantei senior principal researcher Masayuki Takahashi said price adjustments in central Tokyo are expected to continue toward year-end, with similar movements extending to surrounding areas.