2×4 Fireproof Care Facilities in Japan
Last year was an exceptional year for 2×4 fireproof elderly care facilities being built in this country and somewhat ironic that the Japan 2×4 Home Builder Association reported 24 applications approvals in 2013. Note that many involved in the industry here associate the number “24” with the “2×4” construction method in Japan. Obviously this good omen helped, as a solid 26% increase was recorded from the previous year – 19 approvals were logged in 2012. There is no question that the consumption sales tax increase from 5% to 8% this coming April lent a helping
hand, but this underlying growth trend in this sector is clearly supported by a mounting demand and interest in having these types of projects built in PFC by owners and operators as a direct result of COFI’s ongoing market access and development efforts in market. Furthermore, based on feedback gleaned from our contacts in this market segment, various other 2×4 elderly care related projects are currently under different stages of construction in Chiba (3), Oita (2), Fukuoka, Shizuoka, Aichi and Gifu Prefectures, so it looks like we are set to have another great year. Please don’t let me state the obvious, but it is interesting to note there is also a “Two” and “Four” in the year 2014!