Shinwa eyes more investment in Thailand Aim to turn itself to become distributor of Sigma Beam innovation construction technology

Real Estate Press Releases Wednesday October 11, 2017 15:45
Bangkok--11 Oct--Oasis Media

Japanese developer Shinwa Group plans to expand its investment in the building and construction industry in Thailand soon after the successful launching of the first ever condominium project Runesu Thonglor 5 this year in Bangkok.

Mr.Tomoyasu Yamabe and Wichai Chula-Olarnkul, co-CEO of W-Shinwa Co.Ltd, who developed Runesu Thonglor 5, said after the successful launch of the condo Runesu Thonglor 5 this year , the company has plans to expand its investment in its next projects next year. The co-CEO said one of the plans the company is eyeing for is to turn itself to become a distributor of Sigma Beam, Japanese innovative construction technology and the patent of Runesu's structure. With Sigma Beam, beam is adjusted to be floor and floor to be beam which can increase additional usable space by 40%, maximizing functions. Not only the first project in Thailand, it is also the first one in Southeast Asia. The company will use Thailand as its marketing base and welcomes joint venture ,the co-CEO said. They added currently many Thai and foreign investors show their interest in the joint venture. The company is expected to achieve the target of 2 billion baht investment each year.

" We have received good attention in the Runesu Thonglor 5 under Sigma Beam innovative construction technology. This is the first time for Shinwa Group to invest outside Japan and choose Thailand as the first country. We are very successful and ready to expand our markets for such the innovative construction technology. We intend to sell the system or jointly invest with Thai and Asean investors. There are possibilities that foreign investors who are ready to invest with us now will come from the Philippines, Singapore and Hong Kong. We expect they will jointly invest with us or we are able to sell the system within 1-2 years,'' Mr Wichai said.

Mr Yamabe said the company has already sold out its condo units since the VVIP Day. Condo units quota for Thai buyers was sold out on that day while condo units quota for foreign buyers was bought by an agent to do marketing. However, those who are still interested in the condo can contact Sales Gallery. As for a target to administer the condo, he said now the company has prepared a plan to administer the condo and its tenants. Under its administrative plan, the company has some condo rooms for rent. Furthermore it helps find tenants for condo rooms bought by foreign investors. Most of the tenants are Japanese because they are disciplined, peaceful, clean, financially stable and punctual.

"Shinwa Group, a parent company from Osaka in Japan , has so much expertise in administering condo units. At present it is administering more than 5,000 condo units. So it will bring the administrative system that was successful in Japan to apply with that of Runesu Thonglor 5 in Thailand. We have received good feedback from Agent Day party. About 40 agents from Japan attended the party to sign MoU in seeking out Japanese tenants for the project. With our attention in developing the high-quality project, we are so much proud that Runesu Thonglor 5 was awarded the best Low-Rise Condo Interior Design from the 12th PropertyGuru Thailand Property Awards 2017 which was recently announced,'' Mr.Yamabe said.

Runesu Thonglor 5 is located on a 1-rai plot of land in soi Thonglor 5, Khwang Klong Tan Nuea, Wattana district in Bangkok. The project is developed by W-Shinwa Co., Ltd. It is a low-rise condominium with an eight-storey building and a total of 156 units. There are 2 types including 1 and 2 bedrooms sized from 29-75 square meter with prices starting from 240,000 baht per square metre. It is designed to feature authentic Japanese living, a new phenomenon found only here. Some parts of construction materials and decorative items being used in the project are imported from Japan like new system bathroom where floor can be dried very quickly and Mushu-kan tiles with special qualification in absorbing odor and moisture and protecting dust mites. In common area, facilities are provided like Japanese garden, Onsen originated from Japan, Swimming pool, Golf driving range, Auto parking system, Security system and etc. Construction will start in October 2017, being scheduled for completion in the second quarter 2019. Project sales value is over 1.2 billion baht. Those interested can visit at the project's site soon.


Latest Press Release

Schindler equips Daiichi Properties# The Finance Centre Bonifacio Global City with Schindler#s PORT Technology

Jardine Schindler Philippines officially delivered its latest lift and elevator installation at The Finance Centre in Bonifacio Global City in early February 2019. The landmark 42-storey premium office tower located at Bonifacio Global City is built by...

ASIAN OUTBOUND INVESTMENT DECLINES AS INVESTORS REBALANCE

Asian outbound real estate investment noticeably moderated for the full year 2018, driven by primarily by a reallocation of portfolios by Chinese investors. Throughout 2018, a total of $53.8 billion (THB 1.72 trillion) in capital from Asia was allocated...

Photo Release: APEX International Purchases Land at WHA Eastern Seaboard Industrial Estate 2

APEX International, a subsidiary of Taiwan-based Special Rivets Corp (SRC), recently finalized its purchase agreement with WHA Industrial Development PLC, for 28 rai of land at WHA Eastern Seaboard Industrial Estate 2 (WHA ESIE 2) in Chonburi province. A...

CBRE LEADS ASIA PACIFIC COMMERCIAL PROPERTY INVESTMENT ACTIVITY IN 2018

CBRE is the top-ranked firm for commercial real estate investment activity in Asia Pacific. This result complements CBRE's leading ranking globally for the eighth consecutive year, according to Real Capital Analytics (RCA). In Asia Pacific, RCA credited...

Photo Release: The Aspen Tree joins ROAD to SILVER AGE forum

Ms. Warunya Punawakul, a member of the Executive Committee of MQDC – Magnolia Quality Development Corporation Limited (MQDC), parent of The Aspen Tree, and Mr Bakban Boonlert, COO of Thansettakij newspaper, joined the "ROAD to SILVER AGE" forum at...

Related Topics