News On Japan

Japan's Land Prices Surge for 4th Straight Year

TOKYO, Sep 17 (News On Japan) - Land prices across Japan have been rising for four consecutive years, with North Kanto emerging as a key area of interest due to its favorable living conditions.

The Ministry of Land, Infrastructure, Transport, and Tourism recently announced the 2024 benchmark land prices, which serve as an important indicator for land transactions nationwide. Notably, Onna Village in Okinawa saw the most significant increase in residential land prices, rising by 29%, driven by the influx of new residents, partly due to increased inbound tourism. Meanwhile, in commercial areas, Ozu Town in Kumamoto recorded a 33.3% rise, thanks to the expansion of Taiwanese semiconductor manufacturer TSMC.

Experts point out that areas with convenient transportation and a family-friendly environment tend to see more relocation, leading to land price hikes. Mika Kasamatsu, Deputy Editor of Suumo, highlighted that towns with easy accessibility and good childcare services are particularly attractive to families. Utsunomiya City in Tochigi Prefecture is one such example, where land prices have been increasing for four consecutive years. The city opened a next-generation light rail transit (LRT) system in August 2023, enhancing transportation options. Additionally, Utsunomiya has prioritized childcare, maintaining a "zero waitlist" for daycare for seven years and offering free medical care for children up to high school seniors.

With the growing acceptance of remote work, more people are choosing to live in areas outside city centers. Former Japan national swimmer Takeshi Matsuda noted that, for many families, deciding where to raise children and what kind of education they will receive is a strong motivator for relocation. Matsuda himself considered moving to a more spacious area outside Tokyo when his child was born, prioritizing a comfortable living environment over proximity to his workplace.

Climate is also playing an increasing role in relocation decisions. Cooler regions, particularly summer resort towns like Karuizawa in Nagano Prefecture, have attracted a growing number of residents, leading to a 14.3% rise in land prices. Karuizawa’s mild climate has made it particularly appealing to families with children. As a result, student numbers at Karuizawa Seibu Elementary School have surged, increasing by 58 students across all grades over the past five years, forcing the school to rely on temporary classrooms.

Katsuura City in Chiba Prefecture is another area benefiting from its climate. The city has not recorded a day with temperatures above 35°C since 1906, attracting residents seeking relief from the heat. In 2024, relocation inquiries in Katsuura more than doubled compared to the previous year, with the city promoting its mild winters and comfortable summers as key selling points.

In southern Japan, Nichinan City in Miyazaki Prefecture has been drawing attention for its warm climate and abundant seafood. The city enjoys an average annual temperature of 18.7°C and over 2,200 hours of sunshine each year, about 170 more hours than Tokyo. This abundance of sunshine has contributed to lower utility costs for residents, with one individual reporting a noticeable reduction in energy bills since relocating from Tokyo four years ago.

To encourage more people to consider relocation, Nichinan City offers a free trial program. Families can stay in designated housing with panoramic views of the Nichinan coast for three to ten days, allowing them to experience life in the city before committing to a permanent move. The city’s natural beauty, warm climate, and trial relocation program have made it an attractive option for those considering a move.

Overall, the steady rise in land prices reflects a growing trend of people seeking to live in regions outside major metropolitan areas. With improved transportation, family-friendly policies, favorable climates, and lower living costs, towns like Utsunomiya, Karuizawa, and Nichinan are becoming increasingly popular relocation destinations. As remote work reshapes where people can live, these regional areas are expected to continue experiencing growth in the coming years.

Source: TBS

News On Japan
POPULAR NEWS

Spring has brought a wave of newborn animals to North Safari Sapporo, a privately run zoo in Minami Ward, Sapporo City, even as the facility remains under pressure to remove illegal structures and relocate its animals.

The Sanja Festival at Asakusa Shrine in Tokyo, a signature early-summer tradition of the downtown area, reached its peak on Saturday as groups of local carried mikoshi through the streets in the main 'Rengo Togyo' procession despite the rain.

Southern Kyushu has entered the rainy season, marking the first time in 49 years that it has done so earlier than Okinawa. It is also the earliest rainy season start for any region in Japan since the Meteorological Agency began keeping records. Authorities are warning of heavy rainfall not only in Kyushu but across other parts of the country as well.

A road collapse in Yashio City, Saitama Prefecture is expected to take five to seven years to fully restore, local officials said on Friday, following the recovery of a truck cab that had remained lodged in the sewer system since the January accident.

Eighty years have passed since the end of World War II, yet the memories of its fiercest battles continue to echo in the heart of Okinawa. The district of Omoromachi in central Naha, now a lively urban hub filled with people, was once the site of one of the bloodiest clashes of the Battle of Okinawa—the Battle of Sugar Loaf Hill.

MEDIA CHANNELS
         

MORE Business NEWS

Toyota Group unions have secured the highest average wage increase since 2000, with 123 manufacturing unions achieving pay hikes averaging 16,430 yen and a 5.72% increase, according to the All Toyota Labor Federation, which represents about 362,000 members across 307 unions.

A Japanese man in his 50s was sentenced to 12 years in prison by a Chinese court on May 13 under the anti-espionage law, following his December 2021 detention in Shanghai and formal arrest in June 2022 after six months of interrogation.

Nissan's plan to shut down several of its production facilities has drawn concern from Kitakyushu Mayor Kenji Takeuchi, who said at a press conference on May 15th that the move is "a matter directly linked to citizens' employment and livelihoods."

Japan’s three largest banking groups have all reported record net profits for the past fiscal year, with their combined earnings nearing 4 trillion yen.

Toshiba announced that it returned to profitability in its earnings report for the fiscal year ending March 2025, posting a net profit of 279 billion yen. Operating profit, a key indicator of core business performance, surged nearly fivefold from the previous year to 198.5 billion yen, driven in part by increased sales of hard disk drives for data centers.

Sony Group announced on May 14th that its net profit for the year ending March 2025 rose 17.6% year-on-year to a record 1.1416 trillion yen. The strong performance was driven by brisk sales in its gaming division, including the PlayStation 5, as well as continued growth in its music and film business.

Kadoya Sesame Mills and Takemoto Oil & Fat have been accused of forming a cartel over the wholesale pricing of sesame oil and related products, prompting Japan’s Fair Trade Commission to issue an elimination order against the two companies.

The revised Pharmaceuticals and Medical Devices Act, passed by Japan's Upper House on May 14th, will allow over-the-counter drugs to be sold at convenience stores if consumers first receive online guidance from licensed pharmacists or other qualified professionals.