Requires pre-notification for the sale or purchase of real estate in select areas.
20 Sep 2022
On 20 September 2022, the Act on Review and Regulation of the use of Real Estate Surrounding Important Facilities and on Remote Territorial Islands entered into force. The Act seeks to safeguard Japan’s security interests by preventing the inappropriate use of real estate that impedes the functions of important facilities and border islands. It allows Japanese authorities to review the status of real estate usage of certain areas, designated as “monitored areas” or “special monitored areas”. Among others, the Act requires buyers and sellers of real estate to submit a pre-notification to the Japanese authorities when the real estate is located in the “special monitored areas”. This Act applies to both foreigners and nationals of Japan.
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Type:
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Entry and establishment (Access to land)
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Industry:
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Services (Real estate activities)
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Sources:
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Government of Japan, Order for Enforcement of the Act on Review and Regulation of Real Estate Usage in the Vicinity of Important Facilities and on Remote Border Islands;, https://www.cao.go.jp/tochi-chosa/doc/seirei.pdf, 20 Sep 2022
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Government of Japan, Act on Review and Regulation of the use of Real Estate Surrounding Important Facilities and on Remote Territorial Islands, Law No. 84, 23 June 2021, https://elaws.e-gov.go.jp/document?lawid=503AC0000000084, 20 Sep 2022
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Government of Japan, Basic Policy on Preventing the the use of Real Estate Surrounding Important Facilities and on Remote Territorial Islands, , https://www.cao.go.jp/tochi-chosa/doc/kihonhoshin.pdf, 16 Sep 2022
