The powerhouse of the Group's overseas operations is its condominium business in China, which has recorded stable earnings for many years.
In the case of properties which are scheduled to be newly subdivided, we leverage the expertise we have built up over many years operating in this market to carefully select the best properties. We aim to popularize Japanese levels of quality, not only in the construction of buildings but also in the attendant services.
The quality of the Group's condominiums is steadily becoming more well-known in the Chinese market, and we aim to make active use of this brand recognition over the near term, particularly in Shanghai and the adjacent Yangtze Delta region.
We provide a one-stop service from selection of the best sites through development (marketing, design, management of the construction process) to after-sales service. This is what our brand name is known for. We offer all our customers, for all properties, the Japanese level of quality that they seek.
The total number of condominiums, villas, SOHO, and hotels developed by the Group in China amounted to approximately 9,000 units* as of January 2024. We are steadily building a track record in areas with stable economic growth and high demand for residential housing.
*Includes number of planned units currently under development.
Our Chinese condominium business has a number of projects on its books that are scheduled to be handed over to the owners in 2023 and after, notably the Grace Residence. Over the near future, we will continue to meet society's need for high-quality residential environments, to which end we will maintain a steady pace of new project development.
