Frontiers of Real Estate Science in Japan.

• Superior document: New Frontiers in Regional Science: Asian Perspectives Series ; v.29
• Author: Asami, Yasushi.
• TeilnehmendeR: Higano, Yoshiro.; Fukui, Hideo.
• Place / Publishing House: Singapore : : Springer Singapore Pte. Limited,, 2021.; ©2021.
• Year of Publication: 2021
• Edition: 1st ed.
• Language: English
• Series: New Frontiers in Regional Science: Asian Perspectives Series
• Physical Description: 1 online resource (335 pages)

Table of Contents

Frontiers of Real Estate Science in Japan -- Contents -- Part I: Real Estate and the Legal System -- Chapter 1: Real Estate and the Legal System of Japan -- 1.1 Iwasaki (2020) -- 1.2 Nakagawa (2020) -- 1.3 Fukui (2020) -- 1.4 Yoshihara (2020) -- 1.5 Ohya (2020) -- 1.6 Ooka (2020) -- Chapter 2: Legal Issues of Land Plots with Unknown Owners -- 2.1 Introduction -- 2.1.1 The Social Problem Created by Real Estate with Unknown Ownership (Vacant Premises and Abandoned Land) -- 2.1.2 Problems in Terms of Administrative Law, Tax Law and Civil Transactions -- 2.1.3 Enactment of the Special Measures Act on Vacant Premises -- 2.1.4 Discussion Concerning Measures to Deal with Land Plots with Unknown Owners Such as Abandoned Land -- 2.2 Why Does Land Plots with Unknown Owners Arise? -- 2.2.1 The Potential Number of `Unknown ́Owners Is Very Large -- 2.2.2 The Impact of Dilution of Family Relationships and Increase in Wastelands and Abandoned Land with Unknown Owners -- 2.2.3 The Impact of Urban Concentration of Population and Industry: The Decline in Land Prices and Absence of Transactions in ... -- 2.2.4 Emergence of New Inheritance Problems: Real Estate Put in Storage Due to Elderly Inheritance and Inheritance Disputes -- 2.3 Why Must the Issue of Land Plots with Unknown Owners Be Resolved? -- 2.3.1 Impact of Change in Family Relationships: Incomplete Management Due to Increase in One-Person Households Comprised of a ... -- 2.3.2 Impairment on Public Works and Economic Activity -- 2.3.3 Problem of Collecting Fixed Assets Tax, Inheritance and Gift Taxes Pertaining to Land Plots with Unknown Owners -- 2.4 How Can the Problem of Land Plots with Unknown Owners Be Solved? -- 2.4.1 Policies to Deal with Land That Has Economic Value -- 2.4.2 Measures to Deal with Land That Has Lost Its Economic Value.

Chapter 3: The Efficiency of the Titling System: Perspectives of Economics -- 3.1 Introduction -- 3.2 Two Types of Real Estate Titling Systems -- 3.3 Features of Japan&amp -- rsquo -- s Titling -- 3.3.1 A Recording System for the Titling System -- 3.3.2 The Cost of Not Reflecting the Current Owner Relationship -- 3.4 Economic Evaluation of the Choice of Titling System -- 3.4.1 The Theoretical Framework -- 3.4.2 Simulation Using Numerical Examples -- 3.5 Conclusion -- References -- Chapter 4: Land Plots with Unknown Owners: Causes and Legal Measures-The Necessity for a Thorough Reduction of Transaction Cos... -- 4.1 Why Is There Land with Unknown Ownership? -- 4.1.1 The State of Shared Ownership That Tends to Arise Through the Ownership and Inheritance Provisions in the Civil Code -- 4.1.2 Real Estate Registration has Little Benefit Despite the High Cost -- 4.1.3 The High Cost of Land Fixed Assets Tax Means It Is Not Worth the Usage Value -- 4.1.4 This Fixed Assets Tax on Buildings Does Not Function as the Beneficiaryś Burden in Relation to Public Service and Publi... -- 4.1.5 Distortion in Inheritance Tax Assessment -- 4.2 Land with Unknown Ownership as a Problem of Transaction Costs: The High Cost of Reconciling Rights Is an Obstacle to Land ... -- 4.3 Fixed Assets Tax on Land and Buildings, Land Capital Gains Tax, and Land Liquidity -- 4.3.1 Land Tax -- 4.3.2 Building Tax -- 4.4 Titling System, Real Estate Registration Tax, Circulation Tax, and Land Liquidity -- 4.5 Response Through Land Expropriation for Public Business -- 4.5.1 Imperfect Function of the Expropriation System and Unknown Ruling (Ruling Without Knowing the Ownerś Identity) -- 4.6 Steps to Resolve Obstructions to the Effective Utilization of Land with Unknown Ownership Considering the Cause: Preventio.

4.6.1 Prevention Policies from the View of What Caused There to be Land with Unknown Ownership -- Improve the Tilting Ownership and Public Notice Systems -- Reporting Obligation for the True Owner and Its Public Notification -- Principle of Titling Perfection Requirements -- Simplification of Titling Procedures -- Abolition of Real Estate Registration Tax -- The Public Notice of Land Information Approach -- Improve the Tax System that Obstructs the Circulation of Land and Buildings -- Revise Land Tax -- Tighten the Tax Rate on Fixed Assets Tax and Market Value Evaluations -- Consider the Cost to Adjust Rights in the Market Value Evaluation -- Introduce Land Capital Gains Tax and Unrealized Profit Interest Tax -- Correction of Distortion in Inheritance Tax Assessment -- Revise Fixed Assets Tax on Buildings -- Abolition of Fixed Assets Tax on Building that Do Not Cause Negative Externalities -- Abolish the Reconstruction Cost Method for Evaluating the Fixed Assets Tax on Buildings and Change to an Acquisition Price-Bas... -- Improve the Co-ownership System and Inheritance System Under the Civil Code: Restrict the State of Co-ownership -- 4.6.2 Promote the Use of Land with Unknown Ownership -- Unify the Operation of the Land Expropriation System and Aggregate the Implementation Organization -- Improve Unknown Determination -- Implementation of a Ruling Scheme for the Disposal and Use of Land for Private Sector Businesses -- Schemes Where a Business Is of a Certain Public Nature -- Scheme of Legal Fiction for the Ownerś Intent as a Transaction Costs Measure -- Abolition of the Unanimous Principle for Common Property Procedures: Simplify the State of Shared Ownership Resolution -- 4.6.3 Land Not Liquidated Even If It Minimizes Transaction Costs.

Thorough Tax Exemption for the Fixed Assets Tax: Constraints on Investment in Public Service and Public Welfare Facilities -- System for Renouncing Ownership and Inheritance in Relation to Land and Building -- Non-participation in Land with Little Usage Value -- 4.7 The Connection Between Urban Aggregation and the Problem of Land with Unknown Ownership -- References -- Chapter 5: Realities and Challenges of Land Issues in the Era of Depopulation -- 5.1 Emergence of Land of Unknown Ownership -- 5.2 Issue of Unregistered Inheritances -- 5.3 557 Local Authorities ``Have Had Problems ́́-- 5.4 This Issue Will Inevitably Worsen If Nothing Is Done -- 5.5 Necessary Countermeasures in the Future -- 5.5.1 Improving Inheritance Registration -- 5.5.2 Need for a Means to Deal with Land of Unknown Ownership -- 5.5.3 Improving Land Information Infrastructure -- 5.6 Appropriately Handing Down Land to Future Generations -- References -- Chapter 6: The Negative Effect Factors of the Land Acquisition System for Profit-Oriented Enterprises in Order to Promote Econ... -- 6.1 Introduction -- 6.2 Review of Previous Studies -- 6.2.1 Land Acquisition -- 6.2.2 Negative Effect Factors on Land Acquisition System -- 6.2.3 Literature Related to Land Acquisition in Malaysia -- 6.2.4 Summary -- 6.3 Changes in Economic Policy after the Independence of Malaysia Leading to the Revision of the Land Acquisition Act in 1991 -- 6.3.1 Overview of Malaysia and Changes in Economic Policy -- 6.3.2 The Revision of Land Acquisition Act in 1991 -- Expansion of Acquisition Requirements -- Discovery of Corruption and Bribery -- 6.4 Legal System and Structure of Land Administration in Malaysia -- 6.4.1 Legal System of Malaysia -- The Federal Constitution as Supreme Law -- Provision of Property Rights in the Federal Constitution -- Limitation of Judicial Review.

6.4.2 Legislation and Administrative Jurisdiction Over Land in Malaysia -- 6.5 Consideration and Conclusion -- References -- Chapter 7: Empirical Analysis on the System Revisions of Judicial Real Estate Auctions: Comparison with General Real Estate Tr... -- 7.1 Introduction -- 7.2 Previous Research -- 7.3 Outline of Judicial Real Estate Auctions and Voluntary Sales -- 7.3.1 Outline of Judicial Real Estate Auctions -- 7.3.2 Outline of Voluntary Sales -- 7.4 Main Revisions of the Judicial Real Estate Auction System -- 7.4.1 Abolition of the Protection of Short-Term Tenancy -- 7.4.2 Revision of the Minimal Sale Price System -- 7.4.3 Introduction of Information Provided Through the Internet -- 7.5 Empirical Analysis of the Impact of System Revisions of Judicial Real Estate Auctions -- 7.5.1 Hypothesis to be Verified -- 7.5.2 Data -- 7.5.3 Estimation Model -- Heckit Model -- Switching Regression Model -- 7.5.4 Estimation Results and Consideration -- Bid Acceptance Ratio -- Number of Bidders -- Highest Bid -- 7.6 Empirical Analysis Concerning the Price Difference for Judicial Real Estate Auctions, Voluntary Sales, and General Real Es... -- 7.6.1 Background to the Problem and the Hypothesis to be Verified -- 7.6.2 Data -- 7.6.3 Estimation Model -- 7.6.4 Estimation Results -- 7.7 Policy Proposals Concerning Revisions of the Court Auction System -- 7.7.1 Proposal Concerning the Resolution of Information Asymmetry for Auction Properties -- Expand the Data Listed in the Broadcast Information of Tri-set System -- Improving the Preliminary Inspection Procedures -- 7.7.2 Proposal for Lower Limit Price for Effective Bidding -- 7.7.3 Property Handover -- 7.8 Conclusion -- 7.9 Future Issues -- References -- Part II: Real Estate Tax System and Real Estate Market in Japan -- Chapter 8: Introduction: Real Estate Tax System and Real Estate Market in Japan.

8.1 Characteristics of Real Estate Affairs in Japan.