LDP Proposes Restrictions on Speculative Condo Trading
Tokyo, Oct. 1 (Jiji Press)--A project team of Japan's ruling Liberal Democratic Party submitted to Prime Minister Sanae Takaichi on Thursday a proposal for measures to restrict speculative trading of condominiums. Takaichi said that her government will steadily work on the matter. In the proposal, the team under the party's Headquarters for Foreign Nationals Policy said that some have ci...
On October 1, Japan's ruling Liberal Democratic Party submitted a proposal to Prime Minister Sanae Takaichi to restrict speculative trading of condominiums. The proposal, as reported by Jiji Press, suggests that the recent surge in condo prices may be linked to an increase in short-term transactions, primarily by foreign nationals.
The team, part of the party's Headquarters for Foreign Nationals Policy, also highlighted concerns that urban residential properties might be purchased for speculative reasons, causing anxiety among local residents. The team urged the government to take immediate action, advocating for tax measures to curb speculative transactions, regardless of whether the transactions are carried out by Japanese citizens or foreigners.
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- LDP proposes restrictions on speculative condo trading japantimes.co.jp
