Japan’s Ministry of Land, Infrastructure, Transport and Tourism plans to propose tax code revisions aimed at curbing speculative transactions in the condominium market, a move intended to reduce upward pressure on urban property prices. The proposed changes, if approved, would take effect at the start of the fiscal year 2027, which begins on April 1, 2027, and concludes on March 31, 2028.
The initiative follows reports that rising prices have increasingly priced ordinary buyers out of the market, with speculative trading contributing to the surge in urban real estate costs. The Ministry has not yet specified the nature of the tax modifications under consideration.
The proposal was first reported by Nikkei, which cited unnamed sources familiar with the matter. The Ministry’s plans remain subject to legislative review and parliamentary approval before implementation.
