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
Foreign fund in talks to buy Huis Ten Bosch theme park
On July 21, the Nikkei Shimbun newspaper reported that Travel giant H.I.S. is in talks to sell its Huis Ten Bosch (HTB) theme park in Sasebo, Nagasaki, to a Hong Kong-based fund. The same day that the news broke, H.I.S. issued a press release stating that this information was not announced by the travel company and that there was no official decision on selling their shares in the park.
Foreign investors find Kyoto real estate cheap
According to the Kyoto Shimbun newspaper, offshore investors are out in force buying up real estate in Kyoto, with property prices in the historic city considered comparatively inexpensive.
Foreign buyers battle for Seibu’s hotels
In the few months since news broke of Seibu Holdings’ plan to offload some of its hotels, Blackstone Group and an investment fund affiliated with Morgan Stanley have emerged as possible buyers. Negotiations are expected to conclude by the end of the year.
European fund to invest 300 billion Yen in Japanese real estate
German-based Patrizia AG is planning to seriously invest in the Japanese real estate market, aiming to operate 300 billion Yen in assets over the next three to four years.
Hokkaido sees 12% more offshore investors between 2019 and 2020
A survey by public broadcaster NHK has found that the there were 4,406 buildings and land parcels in Hokkaido owned by foreign funds and corporations as of January 2020. This is a 12% increase from 2019. Even with the international travel bans, some industry experts say acquisitions have continued throughout 2020 as foreign investors are confident that things will return to normal post-covid.
Hakuba to create database of real estate owned by foreigners
The town of Hakuba in Nagano Prefecture is about to start keeping track of real estate owned by foreigners. This database will be the first of its kind in the prefecture.