dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities

Tokyo Is The World’s Most Expensive City For Construction

  • August 3, 2021
cities-average-construction-cost-per-square-meter-25409
Total
0
Shares
0
0
0

Ahead of yet another overbudget Olympic Games, Tokyo was named the world’s most expensive city for construction. The Turner & Townsend International Construction Market Survey awarded the Japanese capital the unenviable gold medal for the world’s highest building costs and it is the first time it has topped the ranking. The research took stock of the construction industry in 90 markets across 45 countries and Tokyo’s presence in first spot was driven by a slew of real estate and infrastructure projects that resulted in higher demand for resources.

As well as being the world’s third-largest economy with a reputation for sophisticated technological prowess, the report notes that global investors including U.S. tech giants are interested in Japan for real estate as the country has potential for significant e-commerce growth given that consumer take-up trails China and Europe.

Proximity to Asian hubs and a stable power grid are further factors counting in its favor. Tokyo’s construction cost now averages $4,002 per square meter, a figure that is based on the average cost across four different types of buildings. Hong Kong comes second in the ranking with $3,894 per square meter, with San Francisco and New York following. All three of those cities have historically sat within the top-ten positions in the ranking.

The growing cost of construction in Tokyo has been reflected in the Olympics’ price tag which was intitially put at $7.3 billion in 2013 before being revised upwards to $12.6 billion in late 2019, just before the event was postponed due to Covid-19. The final cost was estimated by financial newspapers Nikkei and Asahi to be in the region of $28 billion.

cities-average-construction-cost-per-square-meter-25409

Source: Statista

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Buildings
  • Construction
  • Tokyo
majulah

Previous Article
  • Lah!

DBS And Temasek Jointly Establish Growth Debt Financing Platform For Asia’s Growth Stage Technology-Enabled Companies

  • August 2, 2021
View Post
Next Article
  • Technology

Singapore’s Quantum Engineering Programme Teams Up With Amazon Web Services To Boost The Development Of Quantum Technologies

  • August 3, 2021
View Post
You May Also Like
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024
Singapore
View Post
  • Cities
  • Economy

South Africa’s new pension rules: Australia, Chile and Singapore show how personal savings can grow the economy

  • dotlah.com
  • August 30, 2024
Singapore
View Post
  • Artificial Intelligence
  • Cities
  • Technology

These 5 cities are making innovative use of generative AI

  • dotlah.com
  • July 29, 2024
dotlah-singapore-kharl-anthony-paica-Btf-M-Hu8Xw-unsplash
View Post
  • Artificial Intelligence
  • Cities
  • Technology

These 4 cities are making innovative use of generative AI

  • dotlah.com
  • May 16, 2024
Fashion. Fashion walk.
View Post
  • Cities
  • Features

French Chic. An intro to Parisian Fashion.

  • John Francis
  • May 10, 2024
dotlah-sentosa-joshua-tsu-4sl0QBBHRRA-unsplash
View Post
  • Cities
  • Lah!

Discover Sentosa anew through partnership of iconic brands

  • dotlah.com
  • May 10, 2024


Trending
  • 1
    • Lah!
    • Technology
    Innovfest Unbound Connects Southeast Asia’s Top Startups With Leading Global Corporations
    • June 25, 2019
  • 2
    • Lah!
    More Than 5,000 Premises Certified SG Clean Since The Launch Of The Campaign
    • March 15, 2020
  • 3
    • Lah!
    MAS And Financial Industry To Support Individuals And SMEs Affected By The COVID-19 Pandemic
    • April 1, 2020
  • 4
    • Lah!
    PUB Awards Bedok/Lower Seletar Floating Solar PV Systems To BBR Greentech
    • October 30, 2019
  • 5
    • Society
    Sunseap Group Chairman Mr Robert Yap Min Choy Named First-ever Dean’s Fellow At SMU School Of Information Systems
    • February 7, 2020
  • mpa-singapore 6
    • Cities
    • Lah!
    Resilience Budget For The Maritime Industry
    • March 29, 2020
  • 7
    • Lah!
    PUB Appoints Sembcorp To Build Singapore’s Largest Floating Solar Farm On Tengeh Reservoir
    • February 11, 2020
  • urban farming 8
    • Cities
    Urban Farming: Four Reasons It Should Flourish Post-Pandemic
    • October 5, 2020
  • 9
    • Cities
    SKT Secures First Sustainability-Linked Loan From DBS bank
    • June 3, 2021
  • Damian Warner, of Canada, competes in the men's decathlon discus throw at the World Athletics Championships in Doha, Qatar, Thursday, Oct. 3, 2019. (AP Photo/David J. Phillip) 10
    • People
    • World Events
    How the COVID-19 delay of the Tokyo Olympics helped some athletes break records
    • August 4, 2021
  • 11
    • Technology
    6 Ways Cloud Computing Improves Government Services
    • July 5, 2019
  • 12
    • Society
    • Technology
    More Than 16000 Seniors Benefit From Seniors Go Digital Programme
    • September 1, 2020
Trending
  • 1
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
  • 2
    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    • May 29, 2025
  • 3
    315,000 Singaporeans have used new career and skills planning tool by SkillsFuture Singapore
    • May 23, 2025
  • college-of-cardinals-2025 4
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 8, 2025
  • conclave-poster-black-smoke 5
    The World Is Revalidating Itself
    • May 7, 2025
  • oracle-ibm 6
    IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud
    • May 6, 2025
  • 7
    Conclave: How A New Pope Is Chosen
    • April 25, 2025
  • 8
    Canonical Releases Ubuntu 25.04 Plucky Puffin
    • April 17, 2025
  • 9
    Mathematicians uncover the logic behind how people walk in crowds
    • April 3, 2025
  • 10
    Tokyo Electron and IBM Renew Collaboration for Advanced Semiconductor Technology
    • April 2, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.