China's middle class turn to japan

China's middle class are increasingly turning to Japanese property, according to one investor.

China has become a dominant force in overseas property in recent years, as the country's expanding middle class seek a stable place to invest away from a possibly slowing economy.

"Housing prices in China's first-tier cities are too expensive, and it is not clear if they will drop. I'm not interested in cities where housing prices are cheap," one investor surnamed Fang told the press.

Indeed, Australia, the UK and the USA are frequently associated with Chinese investment - markets where values are on the up.

Now, though, Japan has become a popular choice. According to Sinyi Real Estate, sales to Chinese buyers in the first quarter of 2015 jumped 70 per cent to around $908 million. Out of every 100 apartments sold in Japan, now between 10 and 15 per cent go to Asian buyers.

The upcoming 2020 Olympic Games are also a factor, as people often expect prices to climb following the sports tournament.

"The middle class lacks investment channels in China, and as Chinese reach out globally, people are being educated on investing overseas. Japan, with its low investment threshold, has become a favorite of China's middle class," Fang added.