Site near Hakuba ski slopes sells for 1.5 billion Yen
Mitsubishi Estate and Shimizu Corporation are acquiring a 19,000 m2 site near the Hakuba Iwatake Mountain Resort ski fields for 1.5 billion Yen (approx. US$10 million).Read more
Denso sells 10ha former factory site in Nagoya
A developer is acquiring the 10 hectare site of a former factory in Nagoya, with the acquisition price thought to be over 20 billion Yen (approx. US$140 million).Read more
Miyagi golf course sale draws opposition and potential criminal complaint
Plans to convert a golf course in Kami Town, Miyagi Prefecture, into a mega solar farm have drawn opposition and allegations of fraudulent misrepresentation by the initial buyer.Read more
Offshore buyers acquire 134ha of forest in 2023
In 2023, foreign funds and non-resident foreigners acquired 134 hectares of forest land across Japan. Approximately 74% of that total was around the Niseko and Rusutsu ski resort areas in Hokkaido.Read more
Foreigners acquire 90ha of farmland in Japan in 2023
Foreigners and potentially foreign-directed domestic companies acquired 90.6 hectares of farmland in Japan last year, according to the Ministry of Agriculture, Forestry and Fisheries. But, the majority of those acquisitions were made by foreign resident farmers, not offshore funds.Read more
Kitakyushu next in line for semiconductor boom?
Kyushu may have a new hotspot, with Taiwan-based Advanced Semiconductor Engineering, Inc. (ASE) signing a provisional purchase agreement on land in Kitakyushu on July 31. The site offers good access to water, logistics infrastructure, and a pool of talent in the science and tech sectors.Read more
Japan’s land values increase at an expanding pace in 2024
On July 1, the National Tax Agency published the annual ‘rosenka’ land tax values, with the nationwide average rising for the 3rd year in a row. This year's 2.3% growth outpaced last year’s increase of 1.5% and 2022’s increase of 0.5%, and is the highest rate of growth in 16 years.Read more