Frontiers of Real Estate Science in Japan.
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| Superior document: | New Frontiers in Regional Science: Asian Perspectives Series ; v.29 |
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| : | |
| TeilnehmendeR: | |
| 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
|
| Online Access: | |
| Physical Description: | 1 online resource (335 pages) |
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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&
- 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.