Due to the large-scale infrastructure construction of the Japanese government, Japan’s investment in infrastructure has grown at the highest rate during this period, with an average growth rate of over 20%. Previous page
Due to the accelerated increase in urbanization rate in Japan in the past decade, the demand for housing in Japan has continued to rise. From most of the years 1997-2006, the growth rate of residential sales area was over 20%, and the growth rate of residential development investment was 25 %the above. It is expected that in the next 15 years or so, the domestic urbanization rate will continue to increase rapidly, increasing by 1.2%-1.3% annually. According to the National Bureau of Statistics, if the urbanization rate increases by 1% per year, about 12 million people will be transferred to the rural population (to the towns) each year. The average per capita need is 30 square meters, and the annual housing area needs to be 400 million square meters (2006). The total sales volume of various types of houses nationwide is more than 500 million square meters. This is only the residential demand for the population that is transferred to urban areas every year. If we consider the new residential demand brought by the urban population growth, the demand for housing will be even greater every year.