The Ministry of Finance has modified its coverage of acquiring revenue from the sale of government-owned land that isn’t getting used, in precept, to a coverage of acquiring rental revenue by leasing solely prime land in city areas. We would love to have the ability to reply sooner or later when using land turns into needed for the development of public services.
Due to the extreme monetary scenario, the Ministry of Finance has, in precept, obtained non-tax revenue from the sale of unused land owned by the federal government.
As a end result, the variety of unused land within the nation, which exceeded 10,000 20 years in the past, has decreased to over 2,700 by the top of fiscal 2021, or lower than one-third.
Under these circumstances, the Ministry of Finance has modified its coverage to acquire rental revenue from 60 areas nationwide, together with prime areas in central Tokyo, by leasing them to the non-public sector, and many others., as a substitute of promoting them.
Of these, a 54-year lease contract was signed with a non-public firm final 12 months for the roughly 7,000-square-meter website of public worker housing in Meguro Ward, Tokyo.
There is a plan to construct a fancy with a grocery store and a nursing residence, and in the intervening time, annual revenue of about 400 million yen may be obtained.
If such prime land is offered, it should generate a considerable amount of revenue quickly, however sooner or later will probably be tough to purchase it again if it turns into needed to make use of the land for the development of public services. is.
The Ministry of Finance intends to extend the variety of lease agreements by easing the circumstances for lending to the non-public sector with the intention to make efficient use of nationwide properties.