Gov't to expand probe on condo transactions to foreigners residing in Japan

TOKYO - The Japanese government plans to expand its probe into the buying and selling of condominiums by foreigners to those residing in the country in fiscal 2027 or later, sources familiar with the matter said Thursday.

The Ministry of Land, Infrastructure, Transport and Tourism for the first time conducted a survey last year on condominium transactions in major metropolitan areas involving people who have their addresses abroad, amid concerns that speculative purchases by foreign buyers were driving up condominium prices.