$CJPRF Construction in Japan - Key Trends and

$CJPRF

Construction in Japan - Key Trends and Opportunities to 2019
M2 - Mon Jul 13, 8:02AM CDT
Research and Markets (http://www.researchandmarkets.com/research/fggmdp/construction_in) has announced the addition of the "Construction in Japan - Key Trends and Opportunities to 2019" report to their offering. Construction activity in Japan was weak in 2014, with the industry's output contracting by 1.6% in real terms. However, the industry's value is expected to pick up over the forecast period (2015-2019), with investment in public infrastructure, renewable energy, infrastructure and commercial projects, and improvements in consumer and investor confidence. In real terms, the industry's output value rose at a Compound Annual Growth Rate (CAGR) of 0.32% during the review period (2010-2014), and this is forecast to accelerate to 1.21% over the forecast period. Summary - The Japanese construction industry's growth prospects by market, project type and type of construction activity - Analysis of equipment, material and service costs across each project type within Japan - Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Japanese construction industry - Analyzing the profiles of the leading operators in the Japanese construction industry. - Data highlights of the largest construction projects in Japan Key Highlights - Japan's sales tax rose from 5% to 8% in April 2014, which had a negative impact on buyers' sentiment and the construction industry. According to the Land Institute of Japan, new condominium sales in Tokyo declined by 22.5%, from 56,733 units in 2013 to 43,961 units in 2014, whereas new condominium sales in Osaka declined by 24.6%, from 25,181 units to 18,980 units during the same period. - With an aim to rejuvenate local economies and deliver the benefits of economic recovery to all regions, the government is focusing on developing the high-speed rail infrastructure network. Accordingly, the Japanese government signed an agreement in January 2015 to speed up the construction of two Shinkansen lines. - In order to expand low-cost carrier networks and improve transport facilities that will support the country's tourism industry, the government plans to construct Terminal 3 at Kansai International Airport, which includes the construction of a 33,000m2 floor area terminal building, parking spaces and a check-in building. - Japanese residential property prices remained buoyant in 2014, after a strong market recovery in 2013, due to quantitative easing by the Bank of Japan (BOJ), the devaluation of the yen and increasing public infrastructure spending. According to the Land Institute of Japan, the country's annual average residential property price index grew by 1.6%, from 100.8 in 2013 to 102.4 in 2014. The property prices varied across categories in 2014; the multi-family category recorded the largest increase, as condominium prices rose by 6.0%, compared to an increase in prices for the single-family housing category, as detached house prices grew by only 0.1% in 2014, compared to 2013 figures. - In 2014, Central Japan Railway Co (JR Tokai) announced its plan to construct a maglev rail line between Tokyo and Nagoya. With an estimated investment of JPY5.5 trillion (US$57.3 billion), the project involves the construction of 286km long maglev line, two underground stations at Shinagawa and Nagoya, and four intermediate stations at Sagamihara, Kofu, Iida and Nakatsugawa. Construction on the project is expected to begin in 2015 and is projected to be completed in 2027. Companies Mentioned Kajima Corporation Obayashi Corporation Taisei Corporation Shimizu Corporation Daiwa House Industry Co., Ltd For more information visit http://www.researchandmarkets.com/research/fg...ruction_in