Home RSS
Real Estate
Cars

Japan weighs curbs on foreign funds in real estate

Chris Oliver Market Watch
Japan weighs curbs on foreign funds in real estate - Japan - foreign investors - property funds


HONG KONG (MarketWatch) -- Japan is considering tighter rules on real estate purchased with foreign capital, with the discussion spurred by growing unease from an upswing in purchasing activity by Chinese and South Korean buyers, according to reports.



''We need to consider some sort of measures,'' Foreign Minister Seiji Maehara said during a televised political debate on Sunday, according to the Nikkei newspaper. The report said Maehara appeared to refer to possible legislation on the issue, though he tempered his remarks by noting that Japan had attracted "very little" investment from abroad in recent times. "We should carefully consider (the matter) from various perspectives because, without foreign investment, economic activity could be adversely affected,'' the report cited Maehara as saying. The Nikkei said some people in Japan are voicing concern such purchases by foreign investors represent a security threat. 

Source



Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.