Tokyo remains the default entry point for foreign capital, and 2026 has done nothing to change that. New-build condo prices in the central wards hit record highs even as supply tightened.

Where the value sits

• Central 5 wards: prime liquidity, gross yields of 3.0–4.0%.
• Inner suburbs (Setagaya, Meguro): family demand, slightly higher yields.
• Bayside & redevelopment zones: capital-growth plays tied to infrastructure.

Liquidity is Tokyo’s defining advantage: exit rarely becomes a bottleneck. For first-time foreign buyers, a small-to-mid central condo remains the simplest, most resilient choice.