Tokyo New-Build Condo Buyers: Taiwan Overtakes China; Why Overseas Buyers Choose Japan

The ministry's survey showed that among registrations of "persons with an address abroad" acquiring new condos in Tokyo's 23 wards, Taiwan was the largest in 2024 and accounted for about 60% in the first half of 2025, with Taiwan overtaking previously active Chinese and Hong Kong buyers. The industry reports strong Taiwanese interest in second-hand condos as well.

The article profiles a couple in Hsinchu City planning to relocate to Japan (purchasing second-hand condos in Okayama and Tokyo Nihonbashi) and cites the vice chairman of the Japan–Taiwan Real Estate Association: Chinese investment has declined due to domestic slowdown and capital controls, while Taiwanese demand remains strong due to high local prices, emigration, and asset diversification.

Source: The Asahi Shimbun https://www.asahi.com/articles/ASV151TY3V15UEFT001M.html