Mitsui Fudosan Co., Ltd. (Location: Chuo-ku, Tokyo, President, and CEO Masanobu Komoda) through "MITSUI FUDOSAN (ASIA) PTE. LTD." (Mitsui Fudosan Asia Co., Ltd., Location: Singapore), has entered into a strategic joint venture agreement with PT. Grahabuana Cikarang (Grahabuana Cikarang Co., Ltd., "GBC"), a 100% subsidiary of a major local developer PT Jababeka Tbk (IDX: KIJA) to participate in three residential & shophouse clusters. The three clusters are located at Jababeka Sports City within the Kota Jababeka township in the Bekasi Regency east of the Jakarta metropolitan area. This business will be jointly operated by GBC and Mitsui Fudosan Asia. The 8.5Ha. (approx.) site is expected to yield approximately 808 units which comprises of landed houses and shophouses, targeting real local demand. The partnership reflects the group’s continuous interest in creating spaces that focuses on health and wellness which had been exacerbated by the COVID pandemic. The project aims to create such health and wellness focused environment by developing 1-hectare sports hub facilities, such as mini golf, basketball courts, mini soccer, skate park, outdoor gym, hopscotch & giant chess, as well as kids climbing wall within the project. Following the participation in Citra Lake Suites (Condominium) and Citra Raya (Landed House), this will be the third residential project in Indonesia for the Group. Indonesia is a high growth market where stable economic growth is expected. Coupled with a large population of approximately 270 million, demand for quality housing will continue to remain strong and the Group is continuously looking to expand our presence in the housing market. The Group also aims to acquire opportunities across various asset classes within Indonesia through its real estate development expertise. For more information, please click here

Mitsui Fudosan Co. Ltd., a leading global real estate company headquartered in Tokyo, announced today that it has made its maiden investment in India, through “RMZ Ecoworld 30”, an office development in Bangalore. The partnership with Millennia Realtors Private Limited, an RMZ Corp Group Company (RMZ), sees Mitsui Fudosan holding a 50% share in the project through its Singapore-based subsidiary Mitsui Fudosan (Asia) Pte. Ltd.. India is a market with great potential and consistent growth forecasts supported by a young and growing population.

Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, Mitsui Fudosan Residential Co., Ltd. and Mitsui Fudosan (Asia) Pte. Ltd. (headquartered in Singapore), in which both companies jointly invest, announced that they concluded a joint business agreement with collaborating company, Rockwell Land Corporation (Rockwell Land) and decided to participate in The Arton residential housing project (1,706 total units) in Quezon City, the largest administrative district of Metropolitan Manila, the capital of the Republic of the Philippines.

Mitsui Fudosan Residential Co., Ltd. today decided to participate in 3 projects to develop and sell 2,321 condominium units and 1,875 detached homes in Bangkok, the capital of Thailand, as well as Jakarta, the capital of Indonesia, together with the adjoining city of Tangerang. Mitsui Fudosan Residential will participate in these projects through Mitsui Fudosan (Asia) Pte. Ltd. (headquartered in Singapore), which is a joint venture of both Mitsui Fudosan and Mitsui Fudosan Residential. In Southeast Asia, the Mitsui Fudosan Group has been engaged in housing sales and hotel businesses together with the Hong Leong Group, a local business conglomerate in Singapore, for over 40 years. In Malaysia, the Group is making steady strides with the Mews Project, a condominium project in Kuala Lumpur that the Group joined in March 2013, and an outlet mall project. We will be participating in projects for the first time in Thailand and Indonesia. We see both countries as promising markets offering strong prospects for expansion in their respective housing markets, based on the growing ranks of middle-income earners driven by steady economic growth. While maximizing the expertise we have acquired in housing development, marketing and other areas in Japan, Singapore and Malaysia, we will press ahead with these development projects in line with local business practices. In Indonesia, we will jointly develop two projects with the Ciputra Group, one of the country's leading local developers with a strong track record in large-scale township developments. The first project is a 446-unit condominium project called CitraGarden City / Citra Block 6. The second project is an 1,875-unit detached housing sales business project called Citra Raya / Ecopolis Block. Both properties are large-scale township developments undertaken by the Ciputra Group over the long term. Township development refers to large-scale integrated urban development projects based on comprehensive urban planning, including infrastructure development.