Japan nationwide renovation orders hit record 13.8 trillion yen in FY2024
- Adam German
- Jun 16
- 2 min read
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced on June 13th the results of its annual Building Renovation and Renewal Survey for fiscal year 2024, covering the period from April 1, 2024, to March 31, 2025.
The survey targeted 5,000 licensed construction companies that served as prime contractors during the year.
Total Orders Up 4.2%, Non-Residential Projects Surge
Total orders for building renovation and renewal projects reached ¥13.83 trillion, a 4.2% increase from the previous fiscal year.
All percentages referenced here on in refer to the change from the previous fiscal year.
MLIT Renovation Project Historical Trend Chart, edited by Patience Realty. Original Japanese chart found in press release linked at the bottom of this article.
Non-residential buildings led the growth, with orders rising 7.7% to ¥9.70 trillion, while residential building orders declined 3.3% to ¥4.13 trillion.
Breakdown by Type of Work
Residential buildings:
Expansion projects: ¥55.4 billion (+7.9%)
Partial reconstruction: ¥144.4 billion (−10.1%)
Renovation and refurbishment: ¥3.25 trillion (−1.9%)
Maintenance and repair: ¥680.3 billion (−8.8%)
Non-residential buildings:
Expansion projects: ¥400.5 billion (+0.4%)
Partial reconstruction: ¥203.9 billion (no change)
Renovation, refurbishment, maintenance and repair: ¥9.09 trillion (+8.3%)
Note: “Expansion projects” refer to construction work that increases the floor area of existing buildings, such as adding rooms or new floors.
Orders by Building Use
Among residential projects, single-family home projects accounted for the largest portion at ¥2.18 trillion (−4.2%), followed by multi-family whole building projects at ¥1.90 trillion (−2.2%).
For non-residential buildings, offices topped the list at ¥2.21 trillion (−10.8%), followed by factories and other production facilities at ¥2.05 trillion (+13.8%), indicating a shift in corporate investment priorities.
Q4 Snapshot: Non-Residential Projects See Sharp Rise
In the fourth quarter of FY2024 (January 1 to March 31, 2025), total renovation orders rose 7.3% year-on-year to ¥3.34 trillion. The non-residential sector was the main driver, with orders climbing 18.4% to ¥2.42 trillion, while residential orders fell 14.0% to ¥917.4 billion.
Residential (Q4):
Expansion projects: ¥12.7 billion (+12.3%)
Partial reconstruction: ¥32.7 billion (+5.9%)
Renovation and refurbishment: ¥715.1 billion (−13.3%)
Maintenance and repair: ¥156.9 billion (−21.6%)
Non-residential (Q4):
Expansion projects: ¥100.9 billion (+62.4%)
Partial reconstruction: ¥66.4 billion (+90.0%)
Renovation, refurbishment, maintenance and repair: ¥2.26 trillion (+15.6%)
Further Reading:
MLIT FY2024 Japan Nationwide Renovation Trends Press Release (Japanese only; provides more granular data than that outlined above)
Source:
R.E. Port News (Japanese only)
