Japan's Keihan Real Estate set for first condo project in Thailand

  It will apply Japanese know-how and standards in the development of the project under the  Hidden Gem concept.  
   Yoshihiko Maeda, president of the board of directors of Keihan Real Estate Co Ltd,  said the group is expanding its overseas investment towards the goal of sustainable growth,  particularly in Asia. 
  The group expects its overseas asset to reach 50 billion yen (approx Bt14.232 billion ) by 2027.
  Currently, Keihan Real Estate boasts a total overseas investment of more than 3.3 billion yen (approx Bt942 million), including residential projects in Thailand in collaboration with  Sankyo Home (Thailand) and a golf villa in Jakarta, Indonesia.
  “Thailand is a dominant country in Asean.  Thai culture is similar to Japan's and it has received numerous investments from Japanese companies. The  joint venture project with  Sankyo Home (Thailand) was a follow-up of our long alliance with Sankyo Home in  developing high-quality residential projects in Japan.  

   With the same vision and know-how, we are commited to bring Japan’s premium standard and  technology to Thai homebuyers ,” said Yoshihiko
   Sophida Ogawa, Managing Director of Sankyo Home (Thailand) Co Ltd,  said  SYMYS Sukhumvit 61 is a 7-storey luxury condominium in the prime location of  Thonglor-Ekamai.
   Developed on  1-1-52 rai , the project comprises 109 units, ranging in sizes between 33-88 square metres with 1 or 2 bedrooms.  It also provides three floors of underground parking for 120 vehicles, or 113 per cent of the total number of units. 
   Facilities of project  include a courtyard, a private gym,  a library, community space, a meeting lounge, a private meeting room, residence living area, chef table area, a game room, private Spa & massage, a private salon, SYMYS private lounge, Infinity swimming pool and jacuzzi. Each unit is equipped with high-quality materials such as Kuppersbusch-branded kitchenware and Toto-brand sanitaryware. The project has already received EIA approval.
  Selling prices for one-bedroom units starts from Bt7.5 million, or Bt220,000-Bt240,000 per square metre. Presales is scheduled for August 3-4, 2019 (10 am to 7 pm), at the sales office opposite Soi Thonglor 23.
  Sankyo Home (Thailand) Co Ltd has developed three projects worth close to Bt4 billion.  They are: 1. Moniiq Sukhumvit 64. The Bt954-million project is sold out and realised 100 per cent revenue. 
2. The FINE Bangkok (Thonglor-Ekamai), the first joint venture project with Keihan Real Estate, worth 1.68 billion baht. The project was launched in mid 2018 and is now 80 per cent sold.
3. SYMYS Sukhumvit 61, the second joint venture, worth Bt1.2 billion.
  In the future, the company aims to launch 1-2 projects every year and uses these three brands to serve different market segments. It is looking to more joint ventures projects with Keihan Real Estate.  Keihan Group, or Keihan Holdings, has more than 50 subsidiaries operating in the transportation, real estate, retail  and hotel/leisure industries.

 For the fiscal year 2018 (April 2018-March 2019), the group reported a consolidated revenue of 326 billion yen (approx Bt93 billion.