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Japanese developers considering shift to new normal of the post-pandemic market

12:41 | 02/10/2020

(Construction) - As the pandemic of COVID-19 is changing the way people work and live, Japanese real estate developers are reviewing their plans to meet the shifting needs for urban development.

Chairman of the Real Estate Companies Association of Japan Masanobu Komoda analyzes the current situation, saying, "I think there are cases where business plans are reviewed in anticipation of what will happen in the post-pandemic market."

“Even if the pandemic is contained, another virus may hit us again in 5 or 10 years. To prepare for the next pandemic, companies are considering introducing powerful ventilation and the system that allows non-contact access to elevators and entrances in the building to be constructed,”he added.

Outdoor space is one of the applications that is expected to play an important role in the urban development of the post-pandemic.

Japanese developers considering shift to new normal of the post-pandemic market

Mitsubishi Estate announced earlier the plan of the complex development project "TOKYO TORCH" to be constructed in front of JR Tokyo Station. The plan includes the open air plaza of 7,000 square meters on the ground level. The outdoor space provided for the entire project will reach about 2 hectares.

The size of the outdoor space was increased to 2 hectares from 1.2 hectares in the initial plan. “We realized that outdoor activities will become more important in the new normal after COVID-19," said an executive who is in charge of the project. The 2,500 square meters rooftop garden in the skyscraper "Torch Tower" was also added in the plan to secure an open and vast outdoor space which will also serve as a workplace. (2020/9/28)

The Daily Engineering and Construction News of Japan

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