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Market Chatter: Japan Delays Foreign Property Purchase Restrictions, Opts to Collect Data First

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Japan's government has decided against including curbs on foreign real estate purchases in a summer policy platform, opting instead to gather more data on overseas ownership to better assess the situation, Nikkei Asia reported on Friday.

A proposal compiled Thursday by the ruling party LDP panel led by Yoshitaka Shindo urged the government to hold off on considering such regulations until it reviews a land ministry survey on condominium purchases that will include buyers' nationalities, the news agency said.

A government panel reviewing foreign property rules but there are concerns over insufficient evidence to justify curbs, the publication said.

The Justice Ministry will start requiring nationality on registration applications from October via passports or other ID, the report said.

The Digital Agency plans to build a government nationality database by fiscal 2027 using real estate registry data, as current land ministry figures don't accurately reflect foreign ownership, it added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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