Residential housing supply status has been recovering slowly over the past four years while undergoing changes in terms of market share makeup

According to the Residential Housing Construction Work Commencement Statistics of the Ministry of Land, Infrastructure and Transport, the number of newly built residential housing units peaked in fiscal 1996 (ending March 1997) with 1,630 thousand units, while the figures changed to 1,179 thousand in fiscal 1998 (ending March 1999) and thereafter continued to hover around 1,200 thousand units. In the past four years the trend has been showing a slow recovery.

In the meantime, homeowner's houses recovered somewhat, but was still declining, while leased units and residential houses for allotment sales increased in number, resulting in a dramatic shift in the market share makeup.


Central roles played by the shifting of the market share makeup for residential housing supplies (commencement of construction for new residential housing), include an increase in the number of leased units and residential houses for allotment sales

A look at the trends for commencing new residential housing in recent years, in terms of user relationships indicate that leased units and residential housing for allotment sales are supporting slow overall recovery trends. Of all residential housing for allotment sales, Residential houses maintained a high level approaching 140 thousand units in the most recent three years, whereas the number of condominium units has increased four years in a row, with an increase of 22.2% in fiscal 2006 (ending March 2007) over fiscal 2002 (ending March 2003). Furthermore, leased units have recorded a consecutive increase for six years since fiscal 2001 (ending March 2003), gaining the highest share of the market by dominating 41.9% in fiscal 2006 (ending March 2007) for all new units of residential housing construction.