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 Q3 2024, according to GlobalData’s construction projects database.
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1. Uchisaiwaicho 1-Chome District Redevelopment
The project involves the construction of a mixed-use complex with a floor area of 1,100,000m2 comprising four towers on 6.5ha of land in Tokyo.
Construction work started in Q3 2024 and is expected to be completed in Q1 2038.
The project aims to provide better commercial and leisure facilities in the region.
2. Yaesu 2 Chome Naka District Type One Urban Redevelopment
The project involves the construction of a 43-story above-ground and three-story below-ground, 227m mixed-use tower with a floor area of 388,650m2 on 2.2ha of land in Tokyo.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2029.
The purpose of the project is to provide better residential and commercial facilities in the region.
3. Nishi-Azabu 3-chome Northeast District Urban Redevelopment
The project involves the construction of a 200m high, 54-story mixed-use complex with a floor area of 96,826m2 on 0.7ha of land in Minato-ku, Tokyo.
Construction work started in Q3 2024 and is forecast to complete in Q2 2028.
The project aims to provide better residential and commercial facilities in the region.
4. CyrusOne KEP OSK1
The project involves the construction of a four-story, 19,693m2 data center with a capacity of 48MW in Kansai.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2030.
5. Isahaya Smart Manufacturing Plant
The project involves the construction of a six-story, smart manufacturing plant with a floor area of 77,900m2 on 15ha of land in Isahaya, Nagasaki.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
The project aims to increase the production capacity of KC in the coming future. It will generate 1,000 jobs.
For more details on the latest construction projects, buy the profiles here.
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