I would like to know the highest price ever paid for a contiguous plot
of land. Last year the Mitsui corporation paid around JPY 180 billion
for a piece of land in Roppongi, Tokyo. It used to be the site of the
Japanese defense agency. Was this the highest?

Hello ctdquestion and thank you for your question.

I couldnīt find any record of the Mitsui Fudosan case being beaten.

So for your benefit and for the benefit of other researchers here are
the details:

"Tuesday, September 18, 2001 at 09:30 JST
TOKYO — Mitsui Fudosan Co said Monday a consortium it leads made a
successful bid for about 180 billion yen to buy a plot of land owned
by the state in Tokyo'S Roppongi entertainment district."
http://www.japantoday.com/gidx/news78267.html

"In September 2001, a consortium led by Mitsui Fudosan made a
successful bid for a 7.8-hectare site previously occupied by the Japan
Defense Agency (Minato-ku, Tokyo)."
http://www.mitsuifudosan.co.jp/english/home/brokerage.html

180.00 Billion Yen = 1.49671 Billion $US (1 JPY = 0.00831505 USD)

Best regards

THX1138

the world, if I remember right it was like 17000.00/Square foot in US
dollars.

If I did the math right on your deal the price is US $1782.65 per
square foot.

I found this page: http://www.kouwan.metro.tokyo.jp/rinkai/english/cost.html

The highest priced land there, if I did my math right, is US $5,183.26
per square foot. That would be almost 3 times better than your deal.

The $17,000/Sq.Ft. price above was for skyrise property.

http://www2.rosenet.ne.jp/~ueda2/

For average office workers, private house purchases in the Tokyo
metropolitan area have become too expensive, 400,000-500,000 yen per
square meter, on average. The Economic Planning Agency estimates that
the ceiling land price that office workers with an annual income of 6
million yen ($45,000) can afford remains at less than 150,000 yen
($1100) per square meter. THE JAPAN ECONOMIC JOURNAL
http://www.japanlaw.com/lawletter/oct87/gpj.htm

Highest Annual Sales Per Unit Area
Sales at the London Bridge Walk branch, of Richer Sounds Plc. – a
British hi-fi retail chain – reached a peak of Ģ195,426 per sq. m.
(US$27,219 per sq. ft.) for the financial year ending January 31,
1994.

I do not know how accurate this would be; but DLF India, which brought
land in excess of 4000 acres in continuous strech at south of Delhi
and which is worth at about 4000 Billion dollars may be of intererst
to you. All of this land was however brought in several independent
deals with government and private owners, and the price at which this
was brought may be much lower than the current estimated worth. Also
DLF has developed 40% of South Delhi.