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3 Comments
Why is this not regulated more 😭 ? It really should be.
Don’t let them buy land lmao, simple. I’m going to assume it’s some weird war tactic they’re using which is to buy land and raise rent prices sort of like BlackRock but for the ccp
To provide some context, from the article:
> Under Japan’s law to regulate the use of real estate with security significance, remote islands and areas within 1 kilometer of important sites such as Self-Defense Forces bases and nuclear plants are designated as “monitored areas” or “special monitored areas.” A total of 583 locations are designated as such.
>
>The latest survey covered 399 areas added to the list by fiscal 2023.
>
>According to the survey, there were 16,862 transactions of land and structures near such areas in the year that ended in March. Non-Japanese individuals and entities were involved in 371 transactions, accounting for 2.2% of the total.
>
>Of the non-Japanese buyers, 54.7% were from China, 13.2% from South Korea and 12.4% from Taiwan.
Essentially 1% of transactions in other words