Soaring Construction Costs Are Straining Tokyo's Redevelopment: Delays or Cost Overruns in Nearly 90% of 68 Districts
Rising construction costs have pushed just under 90% of 68 Tokyo redevelopment districts into delays or higher project costs. Using Nakano, Iidabashi and Yaesu as case studies and explaining how Japan's subsidy system works, we look at how delays affect rents and neighborhoods and what property owners should check.