3 Upcoming Real Estate Development in Japan
In the realm of Japanese real estate investment, three developments are set to captivate potential investors. These opportunities encompass a diverse range of projects, each promising unique advantages. As we delve into these upcoming developments, we gain insights into the dynamic opportunities that await in this flourishing market.
Takanawa Gateway
Takanawa Gateway Station features a complex comprising four tall towers, consisting of two commercial towers, one with 29 floors and another with 30 floors. In addition, there is a 31-story office tower reaching a height of 166 metres and a 44-story apartment building soaring to 172 metres.
Real Estate Sector: Mixed Use (Commercial, Office, Residential)
Planned date of completion: 2025
Torch Tower
The Torch Tower is an upcoming skyscraper in Tokyo. It will be the tallest skyscraper in Japan, boasting a height of about 390 metres. The Torch Tower is a part of Tokyo Torch, a large-scale redevelopment district. Another development that is a part of Tokyo Torch is Tokiwabashi Tower, a 212 metre high building completed in 2021. The Torch Tower aims to be a global attraction, hoping to draw people from all around the world.
Real Estate Sector: Mixed-Use (Offices, Hotel, Retail)
Planned date of completion: 2028
Casino Resort
Japan has officially approved the construction of its inaugural casino in Osaka. The 1.08 trillion yen ($8.1 billion) resort, situated on Yumeshima island. Notably, high-rollers will have access to an adjacent helicopter pad. Spearheaded by MGM Resorts International and Orix Corp, the project aims to attract both domestic and international tourists. With the Osaka IR project set to contribute to the economic growth of the Kansai area, potential foreign investors may find opportunities for involvement in the casino’s diverse offerings, including gaming facilities and other amenities, as Japan embraces integrated resorts to bolster its tourism industry.
Real Estate Sector: (Mixed-Use Hotels, Conference centre, Shopping mall, Museum, Ferry terminal)
Planned date of completion: 2029
In conclusion, these three Japanese real estate developments highlight the dynamic opportunities awaiting potential investors. With diverse projects offering unique advantages, they exemplify Japan’s commitment to a thriving investment environment. As the real estate landscape evolves, investors are encouraged to stay informed for future opportunities in this vibrant market.
