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National Assembly Legislation

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  • Act on Real Estate Transaction Report, etc.
    • Competent Ministry : Ministry of Land, Infrastructure, and Transport
    • Advance Publication of Legislation : 2021-07-07
    • Opinion Submission Deadline : 2021-07-21
Reasons for Proposal

Reason for proposal and main contents

 

The current Act prescribes that, if the land to be purchased by a foreigner, etc. is in a military base and facility protection area under Article 2.vi) of the Protection of Military Bases and Installations Act, the foreigner, etc. shall obtain permission for land acquisition (hereinafter referred to as “land transaction permission”) from the report authority before making a land purchase contract.

In the situation wherein foreigners’ investments in domestic real estate are on the rise, it is pointed out that the land transaction permission system shall be applied to foreigners, etc. in case of areas adjacent to facilities such as airports, ports, main industrial facilities, etc. as well as military facilities, which may wield serious influences on national security and national life if they are occupied or destroyed or rendered dysfunctional by enemies. In relation to this matter, in the case of Japan, security is being expanded for the main facilities for the areas adjacent to defense facilities and land, etc. adjacent to national core infrastructure facilities such as nuclear power plants and airports, etc.

Therefore, the draft is intended to establish security for the national main facilities by adding the areas adjacent to the national main facilities as areas requiring land transaction permission for foreigners, etc. in accordance with Article 2.13 of the United Defense Act (Article 9.1.1 of the draft).

Major Provisions

Article 9 of the draft

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