Source: http://tochi.mlit.go.jp/english/land-prices/land-market-value-publication
Timestamp: 2014-09-30 05:54:10
Document Index: 340257753

Matched Legal Cases: ['Art. 1', 'Art. 8', 'Art. 9', 'Art. 10', 'Art. 16', 'Art. 27', 'Art. 8', 'Art. 19', 'Art. 33', 'Art. 7']

Land Market Value Publication (Previously called the “Land price public notice system”) | LAND AND PROPERTY IN JAPAN | Ministry of Land, Infrastructure, Transport and Tourism
Organization of Land Economy and Construction and Engineering Industry Bureau
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Monthly report July 2014
The Land Appraisal Committee under the MLIT publishes those market values per square meter of standard sites as of January 1 every year, which have been assessed by the Committee on the basis of real property appraisal. 23,380 standard sites were selected across the country by the Committee in 2014. The Land Market Value Publication has provided basic information about the land market in Japan since 1970.
■Land Market Value Publication is given the following roles by statute:
to publish the market value index for ordinary land transactions (Art. 1(2), Land Market Value Publication Act)
to provide an indication of the market value of standard sites for real property appraisal by LRPA (Art. 8, Land Market Value Publication Act)
to provide an indication of standard site values for calculation of the purchase price of land for public facilities (Art. 9, Land Market Value Publication Act)
to provide an indication of standard site values for calculation of compensation amounts by the Prefectural Expropriation Committee (Art. 10, Land Market Value Publication Act)
to provide an indication of standard site values for calculation of the examination of land transaction based on the National Land Use Planning Act (Art. 16, para. 1(i), Art. 27(5), para. 1 (i) and Art. 8, para. 1(i) of the National Land Use Planning Act)
to provide an indication of standard site values for calculation of the purchase price of land based on the National Land Use Planning Act (Art. 19, para. 2 and Art. 33 of the National Land Use Planning Act)
to provide an indication of standard site values for calculation of the purchase price of land for public facilities based on the Act on Promotion of Acquisition of Public Land (Art. 7 of the Act on Promotion of Acquisition of Public Lands)
■The market value of a standard site is the probable value of land (site) that would be formed in an assumed transaction without any extraordinary incentives that induce participants to sell off or buy aggressively. ■Market values of standard sites are the value of those lots which are recognized as standard for usage of land and value influence factors in neighborhood areas. The market value of a standard site does not uniformly indicate the value of all sites within the neighborhood area. ■How to look at Land Market Value Publication of 2014
Land Market Value Publication of 2014 (281 standard sites in Central Tokyo)
by use 1) Residential (75 standard sites)
2) Commercial (206 standard sites)
Land Market Value Publication of 2014 (79 standard sites in Osaka prefecture Osaka city Kita-ku&Chuo-ku)
by use 1) Residential(8 standard sites)
2) Commercial (71 standard sites)
Land Market Value Publication of 2014 (77 standard sites in Aichi prefecture Ngoya city Nakamura-ku&Naka-ku)
1) Residential (17 standard sites)
2) Commercial(59 standard sites)
3) Industrial(1 standard site)
■ How to look at Land Market Value Publication of 2013
Land Market Value Publication of 2013 (328 standard sites in Central Tokyo)
by use 1)Residential (98 standard sites)
2)Commercial (230 standard sites)
Land Market Value Publication of 2013 (79 standard sites in Osaka prefecture Osaka city Kita-ku&Chuo-ku)
by use 1)Residential(8 standard sites)
2)Commercial (71 standard sites)
Land Market Value Publication of 2013 (95 standard sites in Aichi prefecture Ngoya city Nakamura-ku&Naka-ku)
1)Residential (21 standard sites)
2)Commercial(73 standard sites)
3)Industrial(1 standard site)
■ How to look at Land Market Value Publication of 2012
Land Market Value Publication of 2012 (328standard sites in Central Tokyo)
by use district (land use zone)
1)Residential (93 standard sites)
2)Commercial (229 standard sites)
3)Industrial (6 standard sites)
■ Land_price_public_notice_2009