Market Economy Research Institute and the Real Estate Economic Institute announced the supply rankings of apartment developers across Japan for 2010. Mitsubishi Jisho Residence was the largest supplier of new apartments throughout Japan with a total of 6148 units – an increase of 121.2% from 2009.
In second place, Mitsui Fudosan Residential increased their supply by 17.3% to 5455 units. And in third place was Sumitomo Realty & Development who increased their supply by 15.3% to 4731 units. A total of 126 companies responded to the questionnaire sent out by the research institutes in May and June.
Based on projections for 2011, Mitsui Fudosan Residential is expected to top the list with approximately 5000 apartments. In second and third place are Mitsubishi Jisho Residence with 4700 apartments and Sumitomo with 4500 apartments. From the 113 companies who provided data, the projected total supply of new apartments in Japan for 2011 is 67,029 units. This would be a fall of 4% from 2010, and is considered to be a direct result of the March 11 Tohoku disaster.
The Asahi Shimbun, August 9, 2011.
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