Tokyo, Japan’s bustling capital city, is experiencing a surge in population growth, with many wealthy Asians flocking to its vibrant urban center. Despite this, the demand for high-rise living spaces continues to soar, even though there is no shortage of housing available. Thomas Hasler, CEO of Swiss construction chemicals group Sika, showcases Japanese urban planning from the 34th floor of the Mori JP Tower in Tokyo, one of the tallest and newest skyscrapers in Japan.
During his presentation to analysts, Hasler explains how Sika benefits from the rise of Japanese real estate developers as they turn to his company’s concrete mixes and composite solutions for their building projects. With over 200 buildings taller than 150 meters in Tokyo alone, including 53 that exceed 187 meters, the Mori JP Tower is just one example of Japan’s growing real estate market. Ten more high-rise buildings are currently under construction or planned alongside many “tower mansions,” catering to the increasing population in Tokyo.
As Tokyo continues to attract workers and seniors alike, high-rise living with amenities like schools, hospitals, and restaurants becomes increasingly appealing. Foreign investors are also pouring billions into Japan’s real estate market, especially in Tokyo, which is considered one of the safest investment destinations in Asia. However, this real estate boom has led to record prices for condominiums in central Tokyo, putting a strain on average Japanese earners.
Despite these challenges, experts predict that the boom will continue in the coming years due to factors such as rising construction costs and increasing demand from foreigners. Luxury apartments play a crucial role in attracting global talent and maintaining Japan’s competitiveness on a global scale. Sika stands to benefit from this ongoing development projects in Japan as it further solidifies its presence in the market.
Overall, Tokyo’s high-rise living spaces offer an ideal solution for those looking for luxury and convenience while also providing accessibility to essential amenities such as schools and hospitals. With foreign investors continuing to pour billions into Japan’s real estate market and rising construction costs driving demand for new developments
