Weak yen sends central Tokyo condo resale prices soaring

TOKYO -- The prices of used condos in central Tokyo are soaring as foreign investors pile into the market, lured by the cheap yen's ability to make property in the Japanese capital look like a bargain despite decade-old units fetching three times what they originally sold for.

Despite the yearslong trend, central Tokyo condos remain relatively inexpensive compared to those in cities like Hong Kong and Singapore. In addition, the weakening yen is attracting money from overseas.