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.
