Land foreclosed within Hakuba ski fields for first time
The ski resort town of Hakuba in Nagano Prefecture recently held an internet auction for several parcels of land within ski fields. This is the first time the town has foreclosed on land that forms part of a ski course.
Four parcels of land were within the Hakuba Iwatake Ski Fields and seven parcels of land were within the Hakuba Goryu Ski Area. They ranged in size from 500 ~ 9,000 sqm, but only made up a tiny portion of the total ski field area. Prices ranged from 1.3 ~ 3.9 million Yen. Read more
[Foreclosed] Apartment in Park Mansion Roppongi
*Update: The property was withdrawn from the auction. This can occur when the creditor/s are either paid the outstanding debt or reach an agreement with the borrower. It was later listed for sale for 248,000,000 Yen.
A 3-bedroom apartment in the luxury Park Mansion Roppongi building is up for public auction this month.
Bidding on the 114 sqm (1227 sqft) apartment starts from 81,600,000 Yen (715,800 Yen/sqm). Apartments in this building are normally priced around 1.9 ~ 2.5 million Yen per square meter, with those overlooking Hinokicho Park going for as much as 3 million Yen/sqm. Read more
Chongryon HQ sale decision delayed
The Tokyo District Court has extended the decision deadline regarding the sale of the foreclosed North Korean Chongryon Headquarters in Tokyo. The court was expected to announce their decision on October 22, but a lack of information on the buyer, Avar Limited Liability Corporation, means the court needs more time to determine whether or not they are in a position to go through with the purchase.
Avar bid 5.01 billion Yen (approximately 51 million USD) for the 10-storey building in Chiyoda-ku.
Information on the mysterious buyer is still vague. Investigations by media outlets discovered that the company was created in January 2013 with a capital investment of just 60,000 Yen. Mongolian tax officials have no record of Avar paying taxes or insurance premiums. The business is registered to an apartment in Chingeltei, Ulaanbaatar. Neighbors say that the apartment was owned by the father of Avar's director, but he moved out several years ago. The current resident claims to have never heard of the company. Read more
A look inside the foreclosed Chongryon headquarters
The headquarters of the Chongryon and de facto embassy of North Korea in central Tokyo were seized by the Supreme Court in 2012 over unpaid debts. The 10-storey building and 2390 sqm block of land are up for public auction this month with bids open from March 12 to March 19.
The court evaluation is approximately 2.66 billion Yen (28 million USD), which is not even close to the 62.7 billion Yen debt owed by Chongryon to the Resolution and Collection Corporation. Despite the prime location, the court evaluation is considered to be relatively low. This is partly attributed to the building's ties with North Korea which may turn off a few investors.Read more
Murky details about foreclosed illegal casino in Nishiazabu
On March 6th the Tokyo Police Department issued arrest warrants for Daisuke Shioda, the former president of ABC Home, and four associates for interfering with the public auction of a foreclosed property owned by ABC Home. However, Shioda has so far evaded capture and his whereabouts are unknown.
Shioda is accused of falsifying the ownership details on the real estate register of the property in order to prevent the property from selling at auction. He also lied and said that his mother and sister had 18 ~ 20 year leases on some of the floors in the building.Read more
[Foreclosed] Ruins of Kobe Ijinkan
Auction estimate: 65,000,000 Yen
The ruins of a former ijinkan (western-style foreign residence) in Kobe's Kitano area are up for public auction.
Built in the Taisho period (1912 ~ 1926), the home was originally called the Bajaj Residence. During the pre-war days it was the official residence of the Iranian Consul General.Read more
[Foreclosed] Japanese Castle in Hokkaido
*NO LONGER AVAILABLE*
Bidding started from 16,663,000 Yen
This foreclosed property in Akabira City is a replica of a traditional Japanese castle. The 6-storey reinforced concrete structure was originally called 'Tokugawa Castle" and was a doll museum. It was owned by the only festival doll manufacturer and supplier in Hokkaido, and the company used the space to display and sell their wares. The doll company still seems to be operating, but they have not used this building for the past five years. It has not been maintained during recent years and has some broken windows and roof damage.Read more