Recession Causes Golf Club Membership Fees in Japan to Drop to $184,000
Posted on December 1st, 2008 by Carl Vanderpal
Japan is heading for a recession (depression?) much like the rest of the world. One of the indicators - the price to be a member of a golf club. In May of 2007 the price of membership peaked at Y2.64 million ($27,700). That’s just to join! The average price to join a golf club now - Y1.77 million ($18.6K) It’s $20Kish in the Tokyo region and $17Kish in the Osaka region. When stock prices fell in October, investors started selling off their memberships. Tokyo Yomiuri Country Club is one of J
Filed under: Golf Clubs, Golfing News