The Japanese government is considering converting several privately owned historic villas in the coastal town of Oiso into a public park. The project may include acquiring the properties and restoring them so that they can be opened to the public.

The proposal covers a 6 hectare site including the Sorokaku Villa, former Ikeda Shigeaki Residence, former Okuma Shigenobu Residence, and former Mutsu Minemitsu Residence.

The properties are owned by private companies and not currently open to the public. Some of the homes, which are unused, have fallen into various states of disrepair over the years. The government may consider purchasing the buildings and land from their owners and has set aside 27.3 billion Yen (approx. 240 million USD) in the national park’s budget for the project.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.