Fukuoka Prefecture’s average land value rose 6% year-on-year, marking the third-highest growth rate in Japan after Tokyo and Okinawa, according to the latest figures released by the National Tax Agency. The land price data, known as “rosenka,” serves as a benchmark for calculating inheritance and gift taxes. The steepest increase in the prefecture was recorded in Kurume City, where land along Nishitetsu Kurume Station’s main street rose 16.1%, driven by high demand for residential development and improved accessibility. In second and third were areas near Kasugabaru Station in Kasuga City (+13.6%) and Meiji-dori in Fukuoka’s Nishi-shin district (+12.3%). Fukuoka’s most expensive land remains Watanabe-dori in Tenjin, at ¥9.68 million per square meter, up ¥240,000 from last year. It has held the prefectural top spot for 45 consecutive years and now ranks fifth nationally. Experts attribute the steady rise to strong investor interest and large-scale redevelopment such as the Tenjin Big Bang. Source: KBC / NHK
Stay informed with the latest Fukuoka & Kyushu news and events in English. Sign up for our free weekly newsletter today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with The Now
Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using this form.