Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%), Osaka City (+11.6%), and Fukuoka City (+11.3%) all seeing year-on-year growth in the double digits.
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the results of the nationwide assessed land values (地価公示) on March 18. Nationwide, the average land value across all uses increased for the 4th year in a row with 2.7% growth, showing an increasing pace from 2024 (+2.3%), 2023 (+1.6%), and 2022 (+0.6%).Read more
Hino sells off additional factory land for over 34 billion Yen
On February 28, Hino Motors announced the sale of a portion of its land holdings to a real estate developer. The sale price was not disclosed but the company is reporting 34 billion Yen (US$230 million) in proceeds from the deal.Read more
Japan's land prices rise for four consecutive quarters
For the past four quarters, land prices rose across all surveyed locations in major cities, according to the latest quarterly LOOK report published by the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) on February 21.Read more
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