The value of Japan construction market is forecasted by GlobalData to grow by 0.9% in real terms in 2024, having grown by 2.5% in 2023. 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 five largest construction projects initiated in Japan during Q4 2024, according to GlobalData’s construction projects database.
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1. Yurakucho Metro Line Expansion
The project involves the construction of a 4.9km metro line from Toyosu to Sumiyoshi in Tokyo.
Construction work started in Q4 2024 and is expected to be completed in Q3 2030.
The project aims to serve the waterfront area of Tokyo’s Koto Ward. Buy the profile here.
2. Yaesu 1-Chome North District Type One Urban Redevelopment
The project involves the construction of two commercial buildings with a total floor area of 1,82,560m2 on 1.6ha of land in Chuo-ku, Tokyo.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2031.
The project’s main aim is to provide better office, retail, and hospital facilities in the region. Buy the profile here.
3. S-LOGI Matsubara Logistic Facility
The project involves the construction of a 116,509.72m2, four-story, logistics facilities on 9.55ha of land in Matsubara City, Osaka Prefecture.
Construction work started in Q4 2024 and is forecast to complete in Q2 2026.
4. JR Nishinomiya Station Southwest District Urban Redevelopment
The project involves the construction of an apartment tower and commercial buildings on 1.5ha of land in Nishinomiya-Hama, Hyogo.
Construction work commenced in Q4 2024 and is expected to be completed in Q2 2027.
The project aims to provide better residential and commercial facilities in the region. Buy the profile here.
5. Tsumura Ibaraki Factory 4th SD Building
The project involves the construction of an 8,462m2, seven-story pharmaceutical manufacturing building at 3586 Yoshiwara, in Ami-machi, Inashiki-gun, Ibaraki Prefecture.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
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.
