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 GLOBAL FRONT TOWER
Sale Property tag

It is a large-scale tower apartment with seismic isolation structure located in the waterfront area in Shibaura. It provides a new lifestyle to live closer to water and greenery. The inside common use facilities are fully equipped including a lounge for Rainbow Bridge view, and a fitness gym. The nearest Tamachi Station, Mita Station, and Hamamatsucho Station are all within a walk access. The rare location on the waterfront and the green area arranged around the building give the sense of openness and peacefulness. Convenience of livings in the neighborhood is excellent including various supermarkets, restaurants, and hospitals around Tamachi and Mita Station. You can enjoy city life with nature close to water and green.  Going through the approach among the arranged trees, a spacious entrance hall welcomes with an open-ceiling of 2 floor levels. A hotel-like concierge service is provided and the inside common use facilities are fully equipped, such as various lounges, a party room, and a fitness gym.

JPY 139,000,000

Exterior of Proud Tower Shibaura
Sale Property tag

This 33-story tower condominium apartment is located in the Tokyo Bay area with a lot of wide-open spaces, 11-mins walk from Tamachi Station and within easy reach of multiple train lines. It comes with a public open space of more than 1,900m2 with lush greenery on the premises. It offers 1LDK to 4LDK unit types with high grade room equipment. It also comes with various shared facilities and services as well as solid security arrangements.

JPY 91,800,000

Exterior of Grand Suite Azabudai Hilltop Tower
Sale Property tag

Luxury tower residence on Azabudai hill with a view of the Tokyo American Club below. The redevelopment site of Mori Building's Toranomon and Azabudai project is just in front of the building. So, it’s located in a truly remarkable area. 24-hour manned management. Garbage dumpster on each floo. Common facilities: 26th floor Sky Lounge, 4th floor Lounge, 1st floor Guest room.

JPY 228,000,000 - 698,000,000

Exterior of Brillia Tower Hamarikyu
Sale Property tag
Brandnew

Located 5-mins walk from Hamamatsucho Station and within easy reach of 4 stations on 5 train lines, which offer the convenience of commuting to work and school. The location has rich living environment where you can enjoy the scenery unique to Tokyo Bay Area and lush greenery in Kyu-Shiba-rikyu Gardens. It is also convenient for daily shopping having a supermarket within walking distance. The apartment offers plenty of shared facilities such as view lounge and sky terrace as well as the units with various amenities.

JPY 55,000,000 - 125,000,000

Exterior of City Tower Azabu-juban
Sale Property tag

City Tower Azabu Juban, a high-rise tower residence. Symbolic tower condominium in Azabu Juban, 4-minute walk to Azabu Juban Station, in the highly promising Minato Mita district, which is undergoing redevelopment. Formerly sold by Sumitomo Fudosan, constructed by a joint venture between Shimizu and Okumura Construction. Within a 15-minute drive to Shinjuku, Otemachi, and Shinagawa. The building has a seismic damping structure that reduces shaking during earthquakes. A guest room, a top lounge with an atrium, a car porch entrance, a concierge service, 24-hour manned management, and other common facilities as well as the latest security are attractive.

JPY 190,000,000 - 499,900,000

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