TOKYO -- Existing condominiums in downtown Tokyo are now selling for more than 100 million yen ($695,000) as overseas investors snap them up, seeing the properties as undervalued.
Property
Foreigners snatch up Tokyo used condos they see as undervalued
Local middle-income families priced out of red-hot market
Average resale value for condos in greater Tokyo was 132.5% of the new-construction price, according to 2022 data. (Photo by Kai Fujii)
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