According to GlobalData, the value of Japan construction market is forecast to grow by 0.9% in real terms in 2023, having grown by 2.5% in 2022. A key growth market will be the infrastructure market, with output rising by 1.5% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five multi-family housing construction projects that commenced in Japan in Q4 2023, according to GlobalData’s construction projects database.
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1. Higashigotanda Two Chome Third District Type One Urban Redevelopment
The project involves the construction of two buildings comprising District A and District B at 2-Chome, Higashigotanda, Shinagawa-Ku, Tokyo.
Construction work started in Q4 2023 and is expected to be completed in Q4 2027.
The project’s main aim is to provide better office and residential facilities in the region. Buy the profile here.
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2. Kitanakadori North District B-1 District New Construction
The project involves the construction of a 150m high, 40-story above-ground, and one-story below-ground, residential building with a floor area of 109,214m2 on 1.23ha of land in Yokohama, Kanagawa.
Construction work commenced in Q4 2023 and is expected to finish in Q2 2027.
The project aims to provide better residential facilities in the region. Buy the profile here.
3. Nakano 4-Chome West District Urban Redevelopment
The project involves the construction of a 42-story above-ground and two-story below-ground, 165m mixed-use building with a floor area of 1,20,000m2 on 1.3ha of land in Nakano-Ku, Tokyo.
Construction work started in Q4 2023 and is forecast to complete in Q4 2025.
4. Kakiuchicho Condominium Tower
The project involves the construction of a 41-story, 138m condominium tower on 0.85ha of land in Kadoma City, Osaka.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2026.
The project’s main aim is to provide better residential facilities in the region. Buy the profile here.
5. Tarumizu Central East District Type 1 Urban Redevelopment
The project involves the construction of a 115m, 38652m2, 32-story residential building on 7ha of land in Kobe, Hyogo.
Construction work started in Q4 2023 and is expected to be completed in Q1 2026.
The project aims to provide better residential facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
