Cumulative number of condominiums supplied in Japan
Source: Ministry of Land, Infrastructure,
Transport and Tourism
After condominiums swiftly became common in the 1970s, the annual number supplied exceeded 100,000 units in the 1990s. However, funding to an overheated real estate sector was suppressed following the financial crisis of 2008, with the shortfall causing construction starts to plunge and the supply to drop below the 2007 peak of 227,000 units. Housing demand steadied thereafter, with supply recovering somewhat despite the impact of the Great East Japan Earthquake of 2011.
Ranking in terms of cumulative number of condominiums supplied since establishment
Source: Daikyo, based on data from
the Real Estate Economic Institute Co., Ltd.
The cumulative number of units that each company has supplied since establishment through 2017 were excerpted from numbers through 2002 for each company in the Real Estate Economic Institute's Three Decades of the Japanese Condominium Market, adding that company's announcements of annual sale numbers by enterprise since 2003.
The Daikyo Group has supplied a total of over 450,000 units.
Sales contracts for existing condominiums in metropolitan Tokyo
Source: Real Estate Information
Network for East Japan
Demand for existing condominiums has expanded owing to increases in condominiums in stock and a lower supply of new ones. The number of sales contracts in metropolitan Tokyo has risen in recent years. The number of sales contracts is climbing in line with increases in the quality of condominiums in stock.
Number of brokerage transactions
（Year ended March 31, 2018）
Source: Shukan Jutaku Shimbun
Number of renovated condominiums in the Tokyo metropolitan area and percentage of pre-owned condominiums that are renovated
Source: Real Estate Information Network for East Japan
Interest in renovated units has begun to rise with demand for pre-owned condominiums such that one unit in seven in the Tokyo metropolitan area has been renovated.
Acquisition and resale of pre-owned homes/ranking of units sold
（Year ended March 31, 2018）
Source: The Remodeling Business Journal
Number of condominium units under management
Source: Daikyo, based on data from Mansion Kanri Shimbun
Condominiums in stock totaled 6,233 million units at the end of 2015 (source: Ministry of Land, Infrastructure, Transport and Tourism). The management of new condominiums by developers has become common. Companies managing more than 100,000 units dominate the market, with a combined share of around 48%.
Condominium management company ranking based on number of condominium units under management
(As of March 31, 2018)
Source: Mansion Kanri Shimbun
Overall total for number of condominiums under management by companies effectively under Daikyo control, including through shareholdings.
Scale of building management market
Source: “Building Management Market Survey Results 2017” by Yano Research Institute Ltd.
The building management market encompasses the three key roles of cleaning, facility administration, and security services, as well as repairs, upgrades, remodeling, and other peripheral operations. Since the Great East Japan Earthquake, related construction has underpinned the market scale through increased demand related to recovery, energy conservation, and power savings. The overall market has exceeded ¥3 trillion in recent years despite few prospects for significant growth following a peak in new construction demand.