Land for Sale in Naha City, Okinawa: A Stable Investment Opportunity
This 46 square meter plot of land is located in the Gushi area of Naha City, Okinawa. The land is classified as "miscellaneous land" (雑種地) with the potential for residential development (宅地見込地). The property is offered for sale at a price of 10,700,000 yen. A critical feature of this land is that it is designated as military-use land (軍用地), meaning the transaction involves a direct lease contract with the Ministry of Defense, and joining a local neighborhood association is not permitted.
Detailed financial notes are provided for prospective buyers. Other costs include ownership transfer registration fees, revenue stamps for the contract, brokerage commission, military land fees, landowner association fees, and fixed asset tax settlements. Specific annual costs for Reiwa 7 (2025) are itemized: the annual land lease fee is 206,136 yen, the fixed asset tax is 17,581 yen, the annual escalation rate is approximately 1.01%, and the annual landowner association fee is about 618 yen (0.3%). There is no scheduled return of the land to the owner. All ownership transfer costs are to be borne by the buyer. An estimate of initial costs can be prepared upon request. The displayed price (including land lease fees) is calculated per square meter; please note that the final amount may vary slightly due to rounding.
The Gushi district in Naha offers a unique blend of residential and strategic importance due to its proximity to key facilities. The area provides convenient access to the urban amenities of Okinawa's capital while maintaining a distinct local character. An interesting historical fact about Naha is that it was the capital of the Ryukyu Kingdom for centuries, a trading hub that connected Japan, China, and Southeast Asia. The closest major landmark is the UNESCO World Heritage site of Shuri Castle, the former royal palace of the Ryukyu Kingdom, located just a few kilometers away, offering a profound cultural and historical attraction.
