Overcrowded
Overcrowded
- 1987
- Economist 305(7527) 5 December 1987, Survey 30-32(3) .
High land prices are becoming a major political and economic problem in Japan and must be controlled. The high prices are due to a shortage in areas of high demand such as Tokyo ; the need to make better use of land by overhauling outdated building and development codes and a heavy reliance on property related tax revenues by central and local government. Remedies include a penal rate of taxation on the purchase and resale of land within a specified time period, legislation to stop speculative land sales and decentralisation of government and business away from Tokyo.
ASIA
BUILDING CODES
High land prices are becoming a major political and economic problem in Japan and must be controlled. The high prices are due to a shortage in areas of high demand such as Tokyo ; the need to make better use of land by overhauling outdated building and development codes and a heavy reliance on property related tax revenues by central and local government. Remedies include a penal rate of taxation on the purchase and resale of land within a specified time period, legislation to stop speculative land sales and decentralisation of government and business away from Tokyo.
ASIA
BUILDING CODES