Land for Sale in Chatan, Okinawa: A Strategic Investment with Shared Ownership
This listing presents a unique land investment opportunity in the popular Chatan area of Okinawa. The property is a 5.25 square meter plot of land designated as "miscellaneous land" (zasshuchi). It is offered at a price of 393,000 yen. A critical detail is that this sale is for a 1/20th (0.05) shared ownership interest in the land. The annual lease fee for the land is 9,360 yen (for the 2025 fiscal year, Reiwa 7). The property is in an excellent location very close to National Route 58, a major thoroughfare.
According to the agent's special notes, the land is considered prospective residential land with a shared portion area of 5.25㎡. The seller will not settle any outstanding land lease payments. The seller will bear the fixed asset taxes, which amount to 1,151 yen (for the 2025 fiscal year). The transfer date is negotiable.