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 Q3 2024, according to GlobalData’s construction projects database.
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1. 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 started in Q3 2024 and is expected to be completed in Q1 2029.
The purpose of the project is to provide better residential and commercial facilities in the region.
2. 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 commenced in Q3 2024 and is expected to finish in Q2 2028.
The project aims to provide better residential and commercial facilities in the region.
3. Mita Station C Block Area Type 1 Urban Redevelopment Project
The project involves redeveloping a 71,400m2 20-story and four-story below-ground mixed-use building on 1.1ha of land in Sanda City, Hyogo Prefecture.
Construction work started in Q3 2024 and is forecast to complete in Q4 2027.
4. Shibuya 1-Chome District Kaihatsu Development
The project involves the construction of a 14-story above-ground and two-story below-ground, 68.21m height mixed-use facilities with a floor area of 47530m2 on a 0.90ha of land at Shibuya 1-18-3, Shibuya-ku, in Tokyo.
Construction work commenced in Q3 2024 and is expected to be completed in Q2 2027.
5. Kure Station Mixed-used Redevelopment
The project involves the construction of a mixed-use tower in Kure, Hiroshima.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
This facilities will be the starting point for making Kure a more mobile and bright town.
For more details on the latest construction projects, buy the profiles here.
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