Foreclosure in Niseko sells for 2200% above reserve

A foreclosed block of land in Niseko ended up selling for over 22 times its auction reserve earlier this month. The 1,012 sqm (10,889 sq.ft) lot of non-zoned land is 6.3 kilometers from Niseko Station and in the Annupuri district with the Moiwa and Annupuri ski slopes nearby.

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Fewer foreclosures in first half of 2022

Land (not including the house) in Akasaka that sold at auction for 319% more than the court valuation.

The number of real estate foreclosure auctions held by the Tokyo District Court in the first half of 2022 was just 365, down from 407 in the same period in 2021.

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Osaka temple up for foreclosure

A famed temple in Osaka with a history going back over 1,000 years has been put up for a foreclosure auction to be held this month.

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Japan heritage site sells at auction for 35 million Yen

The historic Goto Textile factory in Gunma Prefecture was up for public foreclosure auction earlier this year and appears to have found a buyer.

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Quick real estate news summary for the week

29 apartments foreclosed in high-rise tower, Osaka and Tokyo rank high on global livability, and Sapporo to sell Ebisu office building. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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Old department store in Yamagata up for foreclosure

The Onuma Department Store in Yamagata City is up for foreclosure later this month, with a minimum bid set at 186,768,000 Yen (approx. US$1.8 million). Yamagata District Court will accept sealed-bids from November 24 to December 1, with bids to be opened on December 3.  The department store closed its doors in January 2020 after filing for bankruptcy, making Yamagata City the only prefectural capital in Japan to be without a department store.

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Chongryon branch in Kyoto up for foreclosure

The Kyoto branch of the General Association of Korean Residents in Japan (Chongryon), has been foreclosed on with public bidding to be held from February 13 ~ 20. 

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