Market Size of Japan Condominiums and Apartments Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Condominiums & Apartments Market Analysis
The size of Japan Condominiums & Apartments Market is USD 71.9 billion in the current year and is anticipated to register a CAGR of over 4.6% during the forecast period. The MLIT (Ministry of Land, Infrastructure, Transport, and Tourism) reported that after four years of Y-o-Y reductions, authorized housing starts increased by 5.1% Y-o-Y to 788,091 units in the first 11 months of 2021.
- By 2022, demand was anticipated to rise further as the nation continued to be a desirable investment location for extremely wealthy Asians. Japan is a shelter for affluent people in Asia, according to Mori Nishimura of Housing Japan. The majority of foreign buyers in the nation are from Hong Kong, Mainland China, Singapore, Malaysia, and Thailand. Additionally, the US, Australia, Western Europe, Taiwan, and Indonesia are showing increasing interest.
- Favorable finance conditions, along with the market's strong political and economic fundamentals, all contribute to its allure. These elements have been more noticeable recently due to social disruptions like COVID-19. The Japanese condominiums and apartments market is likely to continue expanding as long as there is still uncertainty surrounding the global economy and there is a surplus of liquidity looking for investment possibilities.
Japan Condominiums & Apartments Industry Segmentation
The condominiums and apartments refer to the supply and demand for houses, usually in a particular country or region. A key element of the condominiums and apartments market is the average house prices and trends in house prices.
The Japan Condominiums and Apartments Market report provides qualitative and quantitative information on segmentation by type (Condominiums and Apartments). The report offers market size and forecasts for the Japan Condominiums & Apartments market in value (USD billion) for all the above segments and studies the impact of Covid-19 on the market.
| By Type | |
| Condominiums | |
| Apartments |
Japan Condominiums and Apartments Market Size Summary
The Japanese condominiums and apartments market is poised for steady growth, driven by favorable financial conditions and the country's robust political and economic fundamentals. Despite challenges such as an aging population and a surplus of vacant homes, Japan remains an attractive investment destination for affluent individuals from across Asia and beyond. The market's appeal is further bolstered by the ongoing global economic uncertainties, which continue to direct liquidity towards real estate investments. The demand for residential units is expected to rise, supported by increased interest from foreign buyers and the recovery of authorized housing starts after previous declines.
The market landscape is characterized by a high level of competition, with numerous domestic and international players vying for market share. Key companies such as Sekisui House Limited, Sumitomo Forestry's Co. Ltd, and Kajima Corporation are actively engaging in green construction initiatives to enhance their market position. The market dynamics are also influenced by rental yields and consistent rent levels, particularly in Tokyo's central districts. Despite fluctuations in rental prices across different wards, the overall rental market remains stable, contributing to the market's resilience. The ongoing developments and strategic acquisitions by major players further underscore the market's potential for growth and expansion in the coming years.
Japan Condominiums and Apartments Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights into Supply Chain/Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Government Regulations and Initiatives
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1.7 Technological Trends
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1.8 Comparison of Construction Cost Metrics
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Condominiums
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2.1.2 Apartments
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Japan Condominiums and Apartments Market Size FAQs
What is the current Japan Condominiums and Apartments Market size?
The Japan Condominiums and Apartments Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Japan Condominiums and Apartments Market?
Sekisui House Limited., Sumitomo Forestry's Co Ltd, Kajima Corporation, Tama Home Co.,Ltd. and Panasonic Homes Co.,Ltd. are the major companies operating in the Japan Condominiums and Apartments Market.
