Fukuoka Prefecture reported that its review of 63 land acquisitions over the past five years—each involving added development or preparation costs—found all transactions to be properly handled. The review was prompted by scrutiny of a forest plot in Akamura purchased at about five times the initial estimate. One case involved land valued at ¥500 per square meter but purchased for ¥4,650, which officials said reflected an operations shed and partially developed grounds, consistent with an appraiser’s assessment. The Akamura case that triggered the review remains under negotiation. Source: KBC
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