The lack of uber-luxury apartments in Tokyo, a city otherwise full of indulgent shopping choices, has long baffled foreign investors. But that’s starting to change as new developments with sweeping views, swimming pools and 24-hour valets are snapped up by local and overseas buyers taking advantage of a weaker yen and low interest rates.

At The Kita, a complex designed by award-winning architect Kengo Kuma, a penthouse residence with a rooftop infinity pool was sold last week for around $US50 million ($75 million), according to its Vancouver-based developer Westbank Corp. The 507 square metre unit has a view of the lush forest surrounding the nearby Meiji Shrine.

Bloomberg Wealth