Japan has not recognise depreciation as generously as a tax deduction as other countries, also in another sense, if you are buying properties, it penalises you since you are required to pay maintenance or management fees, which are very steep. This is the reason why you don't buy apartments. Land taxes in Japan are very low, so best to get a house & land. See
Foreclosed Property.
By implication it makes a lot of sense to buy cheaper property rather than premium new properties. I recommend buying 12yo house & lots through foreclosed tender route because they are still able to rent, and you will get your money back in 4 years. Very good yields, few bidders. You just need a strategy, and a few key pieces of information on the types of property to buy, and which to avoid.