According to GlobalData, the value of Japan construction market is forecast 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 top five multi-family housing construction projects that commenced in Japan in Q4 2024, according to GlobalData’s construction projects database.
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1. 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 started 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.
2. Grand Maison Nishitenma 4-chome Residential Tower
The project involves the construction of a 26,542m2, 126.32m height, 36-story residential tower on 0.1ha of land in Osaka City, Osaka Prefecture.
Construction work commenced in Q4 2024 and is expected to finish in Q1 2028.
3. Sengakuji Station District Type 2 Urban Redevelopment
The project involves the construction of a 30-story above-ground and three-story below-ground, 145m mixed-use tower with a floor area of 110,644m2 on 1.3ha of land in Minato-Ku, Tokyo.
Construction work started in Q4 2024 and is forecast to complete in Q4 2031.
The project’s main aim is to provide better residential and commercial facilities in the region. Buy the profile here.
4. Adachi-ku Chuo Honcho 1-chome
The project involves the construction of a 12,925m2, 60m-tall, 20-story condominium tower on 0.33ha of land at Chuohonmachi 1-chome in Adachi-ku, Tokyo.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2027.
5. Wakore Chuo-ku Minatojima Nakamachi 4-chome Residential Complex
The project involves the construction of a 60m height, 13,489.68m2, 20-story residential tower on 0.28ha of land in Kobe City, Hyogo 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.
