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China bargain-hunters snap up Japan homes

They are seeking safe places to invest their cash abroad

GOING SKY-HIGH: Partly as a result of nascent Chinese buying, Tokyo apartment prices have reached the highest levels since the early 1990s, up 11 per cent over two years, according to the Real Estate Economic Institute Co.


THE trend has already hit Sydney, Vancouver and the US. Now it's happening in Japan: Busloads of real estate buyers from China are coming in, buying up homes and pushing prices higher.

Realty agencies in Beijing are organising twice-monthly tours to Tokyo and Osaka, where 40