In Japan where aging and rapid population decline continues to advance, it is assumed that its population will drop to about 98.17 million by 2050. Accordingly, in the domestic real estate market the intensification of competition is unavoidable due to a polarization toward the “population concentrated areas” and the “depopulated areas.” Under such circumstances, it is our primary mission to avoid risk in market fluctuation through the building of an international portfolio and aim at further growth by developing our real estate business in overseas markets where a stable increase in population and economic growth are expected.
Currently in Cambodia, a stable high growth rate has continued since 2010 in conjunction with political stability with the year 2016 recording a real GDP growth rate of 7.02% (estimated value). With an average age of 24 years of age, Cambodia will continue to see population growth and economic development in the future, and population inflows into urban areas with a continuing focus on the capital Phnom Penh, which will lead to increasing demand for housing acquisition on a yearly basis. In addition, in consideration of the situation where foreign investment in Cambodia is also increasing on a yearly basis as it is the only country in Southeast Asia where US dollars can be used, our real estate development business is primarily focused on the metropolitan area and its suburbs to provide residential property for the local community and foreign residents.
Although the Philippines was once called the sick man of Asia, the country has experienced growth rates that put it at the top of Southeast Asia as a result of continued promotion of its economic policies since the inauguration of former president Aquino. With the support of inbound remittances from its overseas workforce that is said to account for 10% of the population, the national character has a strong appetite for consumption.
The Company offers for sale ready-built homes and condominiums for local communities in the suburbs of Manila, the capital city of the Philippines, in response to the increase in demand for detached housing in association with the increase in the total number of medium and high-income individuals. We are developing our business with a focus on ready-built homes in small-scale gated cities featuring sophisticated decorative interiors and exteriors and user-friendly room layouts combined with security.