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The research took stock of the construction industry in 90 markets across 45 countries and Tokyo's presence in first spot was driven by a slew of real estate and infrastructure projects that resulted in higher demand for resources.Īs well as being the world's third-largest economy with a reputation for sophisticated technological prowess, the report notes that global investors including U.S. The Turner & Townsend International Construction Market Survey awarded the Japanese capital the unenviable gold medal for the world's highest building costs and it is the first time it has topped the ranking. Ahead of yet another overbudget Olympic Games, Tokyo was named the world's most expensive city for construction.