Rental Rates In Singapore

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FACEHUG 03
Takuji Kogo
Music From Candy Factory *
2010
http://artonline.jp/fwd/okinawa.html

U.S. military bases in Okinawa!
We Sell! We buy!

1972 The United States has dissolved his government job to return Okinawa to Japanese jurisdiction, but keeping conditional rights to all U.S. military installations. The Japanese government then new leases of land for U.S. bases in Okinawa. With these contracts, the Japanese government leased property of the original landowners, to lend to U.S. forces.

1977 The Japanese government paid a total of 1,200 million yen in compensation bonuses to landowners for their involvement. Each year, the government successively increases the rent it pays landowners.

1980 Okinawa local banks begin to offer special loans to landowners cooperating.
Under the plan, banks allow homeowners to borrow more than 25 times the cost of renting to low-interest special. If an owner declares bankruptcy, the government agrees to buy plots of land, giving up 50 million yen in tax-free.

1988 The Japanese government paid a total of 1,200 million yen in compensation bonuses to landowners.

1992 1.400 million yen is paid as bonus compensation to landowners.

While property prices continue to decline throughout Japan, Okinawa possession "military area" remains a very lucrative investment.

Today, the location of Kadena Airfield, Price: X 35
The ownership of land is sold for 35 times the annual rent.

Notes: Transactions of military sites in Okinawa are completely different from current transactions of real estate. Offers market price only with the report of the annual rent of the land without conditions on the land or its extent, because the goal of buyers is that the rental income. And the ratio remains above where there is uncertainty of the earth never to be returned by U.S. forces.

This work was presented in Kitakyushu Biennial'07, Takuji Kogo MediaScope at MoMA / The Museum of Modern Art in New York, 2007, Media City Seoul 2004 Seoul Museum of Art, Singapore Art Museum MAAP 2004, Akiyoshidai International Art Village in Yamaguchi Japan.

冲 縄 军用 �oe�! 売ります! 買います!

1972 年 冲 縄 返还.日�oe� 政�oe は 沖縄 の 米 軍 基�oe� の �oe��oe� 使用 に対して �oe�主 と の 新しい �e��oe� 契約 を �oe成.
以后, �"の 契約 により, 政�oe は �oe�主 から �oe��oe� を �e�り上げ, 米 軍 に 貸与 し て いる.

1977 年, 日�oe� 政�oe は, 総 �c� 约 12 億 円 を �oe�主 に 協力 謝金 という 名目 �s �oe償 金 として 支払い, また その後, その �e��oe� 賃貸 料 を 毎年, �e実 に �e�上げ し て いる.

1980 年代, 沖縄 の �oe�方�e行 は, 軍 用�oe� を 担保 に, �e��oe� 料 の 25 �e� を, 低 金�c �s 貸りる 事 が �sきる �a�c 軍用 �oe�主 に対して 特別 �a 貸付 ローン を �s�める.
また, �oe�主 が 無理 �a 運用 によって 破産 宣告 に 到った 場合, 政�oe は 非�a�税 �s �oee�s 5000 万 円 を 支払っ て, �oe��oe� を 買い戻す 事 を 約束 し て いる.

1988 年, �oe�主 に 支払わ れた �oe償 金 総額 約 12 亿 円. 1992 年, 约 14 亿 円.
日�oe� 全国 �s 不動産 価格 は 低下 し て いった �e方, 沖縄 の "军用 �oe�" �e�oe� は.