Japan enacts Land Use Restriction Bill

Post date: 6/21/2021


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 The Parkhouse Harumi Towers Chrono Residence
Sale Property tag

It is an ultra high-rise tower residence built in the seismic isolation structure, which stands in the waterfront area in Harumi. Harumi Rinkai Park is located next to the property. The shuttle buses run to and from Tsukishima and Higashi Ginza Sta. All units have a trunk room (storage). It also gets a fantastic view overlooking central Tokyo and Tokyo Bay.

JPY 149,800,000 - 249,900,000

Exterior of Parkhomes Shibuya Shoto
Sale Property tag

JPY 270,000,000

Exterior of MITA GARDEN HILLS NORTH HILL
Sale Property tag
Brandnew

Mita Garden Hills is a large-scale, total 1,002-unit Minato Ward luxury condominium jointly developed by the Mitsui Fudosan Group and the Mitsubishi Estate Group. Located a 5-minute walk from Azabu Juban Station on the Toei Oedo Line and Tokyo Metro Nanboku Line, it is the first Garden Hills development in central Tokyo by the Mitsui and Mitsubishi groups in the 38 years since Hiroo Garden Hills, whose quality of the living environment has been nurtured since the completion of the project, with its lush greenery and tranquil surroundings. The project is an environmentally friendly ZEH-Oriented (expected to be acquired) project that symbolically embodies the respective brand concepts of the developers, Mitsui Fudosan Residential and Mitsubishi Estate Residence: ‘age-friendly’ and ‘live for a lifetime’. The vast site, with a planned landscaped area of approximately 7,000 square meters, is located on the former site of the Ministry of Communications, and consists of seven buildings: Park Mansion, West Hill, East Hill, North Hill, Centre Hill, South Hill and Villas. The building has a wide range of facilities including a members-only restaurant and a cafe lounge. The building also offers a wide range of services in collaboration with the Imperial Hotel, creating a high quality space and enhancing the quality of daily life. The building is scheduled for completion in March 2025. Building certification number: BCJ21 Honkenkakken 079 (dated as of 19 August 2021).

JPY 463,000,000 - 838,000,000

Exterior of Century Park Tower
Sale Property tag

The property stands in “River City 21” area situated along Sumida River, which is a little ways inland from Tokyo Bay. It offers front desk services. In addition, this hotel-like, luxurious condominium apartment provides extensive common facilities. It is in an excellent residential environment surrounded with water and greenery, in addition to having fantastic view.

JPY 143,800,000 - 219,000,000

Exterior of THE TOKYO TOWERS MID TOWER
Sale Property tag

High-rise Apartment in Kachidoki. Guest room, party hall, small library, theater room and other amenities and facilities. Concierge service available for miscellaneous needs.

JPY 179,990,000

Exterior of Azabudai Parkhouse
Sale Property tag

Luxurious condominium apartment next to Tokyo American Club, located in the hilltop area in Azabudai. It provides hotel-like facilities, spaces and services. Both exterior and interior of the building are well designed and in supreme quality. Land lease term: Until March, 2062.

JPY 219,800,000