Posts Tagged “Japan Foreclosed Properties”

[Foreclosed] House in Chiba’s ‘Beverly Hills’

[Foreclosed] House in Chiba’s ‘Beverly Hills’

A 4-bedroom house in One Hundred Hills (Chiba Prefecture’s version of Beverly Hills) has been foreclosed on and will go up for public auction in May. The minimum bid is set at 51,656,000 Yen. *Update: The winning bid was 65,126,000 Yen. Three bids were submitted and the winner was a corporate buyer. One Hundred Hills…

[Foreclosed] 1898 Ijinkan in Kitanocho, Kobe

[Foreclosed] 1898 Ijinkan in Kitanocho, Kobe

*Update: The property was withdrawn from the auction. This can occur when the creditor/s are either paid the outstanding debt or reach an agreement with the borrower.  The former Moore residence in Kobe’s historic Kitanocho district will go up for public auction this month with bidding starting from 45.6 million Yen (442,000 USD).  The 2-storey…

Nara Dreamland foreclosed

Nara Dreamland foreclosed

Before Tokyo Disneyland there was Nara Dreamland – a Disney-themed park in Nara Prefecture that closed in 2006 and has since become a popular spot for urban explorers. Due to unpaid property taxes, Nara City is planning to put the property up for public auction soon.  Nara Dreamland was opened in 1961 by Nihon Dream…

Final chapter for Tokyo’s Chongryon HQ

Final chapter for Tokyo’s Chongryon HQ

Rather than hold a third auction, the Tokyo District Court announced plans to sell the foreclosed Chongryon headquarters in Chiyoda-ku, Tokyo to a real estate company from Takamatsu City in Kagawa Prefecture. If there are no problems with Marunaka Holdings’ paperwork, the final decision regarding the sale will be made on March 24.

Mongolian company’s bid on Chongryon HQ rejected

Mongolian company’s bid on Chongryon HQ rejected

On January 23, the Tokyo District Court announced that they have decided against the sale of the foreclosed North Korean defector embassy building and land in Chiyoda-ku to a mysterious Mongolian company after documents submitted by the buyer were found to be colour copies and could not be authenticated as official documents issued by the…

Land foreclosed within Hakuba ski fields for first time

Land foreclosed within Hakuba ski fields for first time

The ski resort town of Hakuba in Nagano Prefecture recently held an internet auction for several parcels of land within ski fields. This is the first time the town has foreclosed on land that forms part of a ski course. Four parcels of land were within the Hakuba Iwatake Ski Fields and seven parcels of…

[Foreclosed] Apartment in Park Mansion Roppongi

[Foreclosed] Apartment in Park Mansion Roppongi

*Update: The property was withdrawn from the auction. This can occur when the creditor/s are either paid the outstanding debt or reach an agreement with the borrower. It was later listed for sale for 248,000,000 Yen. A 3-bedroom apartment in the luxury Park Mansion Roppongi building is up for public auction this month. Bidding on…

Chongryon HQ sale decision delayed

Chongryon HQ sale decision delayed

The Tokyo District Court has extended the decision deadline regarding the sale of the foreclosed North Korean Chongryon Headquarters in Tokyo. The court was expected to announce their decision on October 22, but a lack of information on the buyer, Avar Limited Liability Corporation, means the court needs more time to determine whether or not…

A look inside the foreclosed Chongryon headquarters

A look inside the foreclosed Chongryon headquarters

The headquarters of the Chongryon and de facto embassy of North Korea in central Tokyo were seized by the Supreme Court in 2012 over unpaid debts. The 10-storey building and 2390 sqm block of land are up for public auction this month with bids open from March 12 to March 19.  The court evaluation is…

Yakuza snagging properties at public auctions

Yakuza snagging properties at public auctions

It was recently discovered that designated criminal organization, an affiliate of the Yamaguchi-gumi, re-purchased a property from a public auction after it had been seized by the Osaka Regional Taxation Bureau. The land and building was previously owned by the crime syndicate’s boss and a related party, but 80% of the property was seized after…

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