Large condominium redevelopment projects in the Tokyo region are moving forward. In late September 2026, Nomura Real Estate, Tokyo Tatemono and partners completed PROUD CITY Kunitachi, a rebuilt 589-unit development that replaced an older housing complex in Kunitachi.
Separately, a group of developers including Nomura Real Estate Development and Mitsui Fudosan Residential broke ground on a 576-unit redevelopment in Funabashi, Chiba Prefecture. Asahi Kasei Homes and Nippon Steel Kowa Real Estate joined the project association as participating members.
Why redevelopment is picking up
Industry observers expect condominium redevelopment to accelerate after an amendment to the Act on Building Unit Ownership, which was scheduled to take effect in April 2026. Redevelopment adds new homes to the market, which matters for buyers and renters.
Redevelopment projects like these affect the supply of homes in the region. Our Real Estate section covers new projects, and Companies reports on the developers behind them.
Source: estie Japan Real Estate Insights, project announcements dated 28 September 2026 and undated Funabashi project report.
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