Accordia Golf to sell courses to Singaporean fund for 100b Yen
Accordia Golf announced plans to sell the majority of their golf courses in Japan to a Singaporean-based fund for approximately 100 billion Yen (980 million USD).
After the sale, Accordia will continue to manage the courses for a fee. Read more
No trespassers on 2nd hole
A partial landholder of the Moriokaminami Golf Club's course in Iwate Prefecture has issued a notice cancelling the lease of their portion of the land and erected a "No Trespassers" sign on the 2nd hole. The owner is a real estate company called SET Support.
The Moriokaminami Golf Club recently entered civil rehabilitation procedures, and the majority of the club members gave approval for corporate restructuring in October 2011. SET Support claim they were not informed of the club meeting last year, despite purchasing part of the course one year prior.Read more
7 Fukushima Golf Courses sue TEPCO for lost revenue
On November 30, 2011, seven of the forty golf clubs that form the Fukushima Prefectural Golf Association filed a claim against TEPCO for damages arising from loss of income.
The clubs have reported a total loss in revenue of 247 million Yen (3.16 million Yen) between March and August, 2011, which they say was directly attributed to the radiation fears from the troubled nuclear power plant.Read more
Gunma Golf Course For Sale
Price: 150,000,000 JPY
Size: 664,690 sqm
SOLD
A par-72, 18 hole hillside golf course is for sale in Gunma Prefecture. The property is spread over 66 hectares and is a 2 hr drive west of Tokyo.
The grounds include a 4-storey clubhouse / hotel with an interior size of 5697sqm (61,300 sqft) and 37 rooms that can accommodate 150 guests. The golf club officially closed down in 2007 and has not been maintained since then.Read more