Japan enacts Land Use Restriction Bill

Poste date: Monday, June 21, 2021


Japan enacts Land Use Restriction Bill

In the early hours of March 26, the Japanese government enacted a new bill (Land Use Restriction Bill) tightening regulations on the the acquisition and usage of land around Self-Defense Forces bases, nuclear plants, and remote islands that are adjacent to the national borders.

This act designates the area within 1km around the important facilities and the remote islands that are adjacent to the national borders as “Vigilance Zone”, and allows the government to examine the names, addresses, and actual state of use, etc.  For particularly important facilities, the surrounding areas are designated as “Special Vigilance Zone”, and prior notification shall be required for the purchase and sale of land and building with more than a certain amount of area. It may also impose a criminal penalty to those who do not follow the government’s order to discontinue “the acts that interfere with the function” of the aforementioned important facilities or the remote islands.

The Japanese government has been positioning land transactions with foreign capital as an issue of "economic security" in which economic activity and national security are linked together. At present, there have been no confirmed cases of problems caused by foreign investment in the purchase of lands around the Self-Defense Forces bases, but the government insists that there is certainly "a risk to national security " and the need for the law, because in the background there is a movement of increasing land purchase by foreign capitals such as China, and a trend of tightening similar land-use regulations worldwide.

However, some opposition parties have pointed out the government's possible restriction of people's private rights, and others pointed out that the government have not shown the criteria of the actual target zones and the examples of the acts that interfere with the function of important facilities with reference to a criminal penalty. About these issues careful explanations by the government may be required in the future.

(Reference source: 2021/06/16 Asahi Shimbun DIGITAL, 2021/06/17 NIKKEI Newspaper)

 

Exterior of Unhex Green Hill
Sale Property tag

This low-rise condominium on a south-sloping plot stands in a quiet residential area a short distance from Midori-Nakane Street in the popular area of Meguro-ku. Jiyugaoka is within living distance, allowing you to enjoy shopping and dining to the full.

JPY 168,000,000

Exterior of Laurel Tower Runei Hamamatsucho
Sale Property tag

“Laurel Tower Renai Hamamatsucho” was constructed by HASEKO Corporation and sold by Kintetsu Real Estate Co., Ltd.in January 2020. It is a 1-min walk from “Hinode” Station on Yurikamome Line and within walking distance of the “Hamamatsucho” area where various redevelopment works are in progress. It is also conveniently located for easy access to the location of the World Trade Center rebuilding project and WATERS takeshiba (a complex building with a luxury hotel mesm Tokyo, offices, commercial facilities, and theaters) that opened on June 17, 2020. 5 other accessible stations on 6 train lines are Mita Station on Toei Mita Line and Asakusa Line (13-min walk), Daimon Station on Toei Asakusa Line and Oedo Line (14-min walk), and Tamachi Station on JR Yamanote Line and Keihin Tohoku Line (14-min walk), making the area’s residents easily go to Ginza and Roppongi areas. It is an condominium apartment with a total of 227units and 24-hour garbage storage on site, which is permitted to have a pet (comes with a Pet Breeding Rules).

JPY 147,000,000

Exterior of HARUMI FLAG SUN VILLAGE B
Sale Property tag
Brandnew

JPY 102,800,000

Exterior of Parkcourt Shibuya The Tower
Sale Property tag

This 39 story tower condominium is a new landmark in Tokyo Shibuya. Common facilities: Various lounges (golf lounge, co-working lounge, creative lounge, media lounge, library lounge) besides the atrium view lounge. Screening room, party room, guest room, meeting room, study room, fitness room. *Fixed-term land sub-leasehold with the lease period: Approx. 70 years until September 30, 2093. Land rent: No payment of land rent due to lump-sum payment is done at the time of purchase of newly built lots.

JPY 183,000,000

Exterior of THE ROPPONGI TOKYO CLUB RESIDENCE
Sale Property tag

Landmark 39-story tower condominium. Sold by Mitsubishi Jisho Residence Co., Ltd. and Completed by Taisei Corporation. .It provides residents as “Club Member” with high grade hotel-like services. The services are thorough and impressive including front desk services such as reservations of restaurants and any tickets, a valet parking and porter service of putting cars in and out, 24 hours room services, housekeeping services, etc. Public facilities are also provided such as Entrance Lounge and Fitness Gym available 24 hours and free of charge, paid and reserved Guest Suites and Sky Lounge, etc. Dwelling units are from 1R to 3LDK for wide range of dwelling plans from single to family with children supporting the premium living of the big city.

JPY 147,000,000