Elevated prices and weak contract rates for newly built urban condominiums
First written in FY2020-Q1. 7 of 14 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-05-14.
Candeal moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-05-14WorsenedResults
「実質賃金の低下や不動産価格の上昇により、住宅需要が低迷しており、国土交通省発表による2025年4月～2026年3月累計の新設住宅着工戸数は、戸建てが前年同期比89.8％、分譲マンションが前年同期比78.8％、住宅市場全体としては前年同期比87.1％と減少いたしました。」
実質賃金の低下と不動産価格上昇による住宅需要低迷を記載し、住宅市場の弱含みを具体化した。 - FY2025WorsenedAnnual report
「For the cumulative period from October 2024 to September 2025, detached-house starts were at 94.7% of the year-earlier period, subdivided condominium starts at 84.4%, and total new housing starts at 93.4%, indicating a downward trend.」
Detached housing, condominiums for sale and the housing market as a whole all fell below the prior-year level, indicating that weakness in the housing market is worsening. - FY2025-H1MitigatedAnnual report
「Condominium units for sale increased to 105.0% year on year, while the housing market as a whole followed an upward trend at 102.0% year on year.」
The number of condominium starts increased to 105.0% year on year, and the housing market as a whole also entered an upward trend, easing the risk of weakness in the housing market. - FY2024WorsenedAnnual report
「Condominium units for sale remained broadly in line with the prior-year level at 99.9% year on year, while the housing market as a whole declined to 95.7% year on year.」
Condominium units for sale were slightly below the prior-year level, while the housing market as a whole declined to 95.7% year on year. This was worse than the 107.3% year-on-year ratio for condominium units for sale disclosed previously. - FY2023-Q3WorsenedAnnual report
「Condominium units for sale increased to 107.3% year on year, while the housing market as a whole remained somewhat weak at 98.5% year on year.」
Although condominium starts increased year on year, the growth rate declined from 110.8% in the previous disclosure. The housing market as a whole fell below the prior-year level at 98.5%, and weakness in the housing market continued. - FY2023-Q2MitigatedAnnual report
「Condominium units for sale increased to 110.8% year on year」
The number of condominium starts increased to 110.8% year on year, improving from the year-on-year declines reported previously. - FY2023-Q1MitigatedAnnual report
「Condominium units for sale increased to 106.8% year on year」
The number of condominium starts increased to 106.8% year on year, partially easing weakness in the market. - FY2022MitigatedAnnual report
「Condominium units for sale increased to 104.7% year on year, while the housing market as a whole remained firm at 102.3% year on year.」
The number of condominium starts increased to 104.7% year on year, improving from the decline disclosed previously. The housing market as a whole also increased to 102.3% year on year. - FY2022-Q3MitigatedAnnual report
「Condominium units for sale declined to 96.9% year on year, while the housing market as a whole increased to 104.1% year on year and remained firm.」
Although condominium starts remained below the prior-year level, they improved from 93.9% to 96.9%, and the housing market as a whole turned to growth. - FY2022-Q1WorsenedAnnual report
「Condominium units for sale declined to 93.9% year on year.」
The number of condominium units started declined to 93.9% year on year, down from 95.7% in the previous disclosure. - FY2021-Q3WorsenedAnnual report
「The number of new housing starts declined to 97.0% year on year on a cumulative basis from July 2020 through June 2021. Detached housing starts declined to 92.6% year on year, while condominium starts also declined to 95.7% year on year, and the housing market remained weak.」
The year-on-year ratio for condominium starts declined from 96.9% in the previous disclosure to 95.7%, and weakness in the housing market continued. - FY2021-Q2MitigatedAnnual report
「The number of condominium units for sale also declined to 96.9% year on year, and the housing market remained weak.」
The year-on-year ratio for condominium units for sale improved from 93.3% in the previous disclosure to 96.9%, but remained below the prior-year level, and weakness in the housing market persisted. - FY2020-Q2WorsenedAnnual report
「The number of condominium units for sale also declined to 93.3% year on year, and the housing market remained weak.」
Following the previous disclosure on elevated prices and weak contract rates for newly built urban condominiums, the Company disclosed that the number of condominium units for sale started declined to 93.3% year on year. No additional figures were provided for prices or contract rates themselves. - FY2020-Q1First statedAnnual report
「Prices for newly built condominiums, particularly in urban areas, have remained elevated and contract rates have remained low, against a backdrop of higher construction material and labor costs resulting from disaster reconstruction and the decision to host the Tokyo Olympics, as well as increased land acquisition costs due to competition with non-residential facilities such as hotels.」
The Company has, for the first time, explicitly identified the market risk that prices for newly built urban condominiums have remained elevated and contract rates low against a backdrop of higher construction material, labor and land acquisition costs.