- Tokyo's ultra-luxury residential market has grown on the back of the sector's sound fundamentals.
- Japan's stability has made the country a favourable avenue to preserve wealth.
- Large-scale redevelopment projects in the pipeline will add more ultra-luxury units and raise the top prices of the market to levels equivalent to those seen in Manhattan and London.
- The number of branded residences in Tokyo is likely to increase going forward, and this growth will accelerate especially if other sectors, such as offices, continue to face uncertainty.
- Some future projects are likely to change initial plans by replacing some space originally meant for offices with ultra-luxury residences.
- While there are many developments in the pipeline that are suitable to accommodate ultra-luxury units, the success of each project will be also determined by its ability to provide the expected levels of service while keeping costs under control.
- Japan's GDP growth per working age population has fared better than most of the other G7 nations over the last two decades, providing evidence of the country's long-term prospects. However, the negative impacts from the ageing population have had a lingering effect.
