Introduces national security review of real estate usage near sensitive facilities and on border islands

On 16 June 2021, the Japanese Diet passed the Act on Review and Regulation of Real Estate Usage.

Once entered into effect (within one year and three months of its publication), the law will allow the Government to review the status of real estate usage near sensitive facilities and on border islands.

The law obliges the buyer and seller of such real estate to submit a pre-notification to the Japanese authorities when it is located near highly sensitive facilities or on specific border islands.

This Act applies to both foreigners and nationals of Japan.

• Type:

  • Entry and establishment (Access to land)

• Industry:

  • Manufacturing
  • Services (Real estate activities)

• Sources:

  • Morgan Lewis, JAPAN INTRODUCES REAL ESTATE LEGISLATION FOR NATIONAL SECURITY PURPOSES, https://www.morganlewis.com/pubs/2021/09/japan-introduces-real-estate-legislation-for-national-security-purposes, 09 Sep 2021
  • Baker Mckenzie, Japanese government approves a new bill authorizing regulation of land use on remote islands, near defense facilities and important infrastructure, https://foreigninvestment.bakermckenzie.com/2021/04/15/japanese-government-approves-a-new-bill-authorizing-regulation-of-land-use-on-remote-islands-near-defense-facilities-and-important-infrastructure/, 15 Apr 2021