Nomura Real Estate Takes Its First Step Into Bangkok's Housing Sales
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To members of the press August 24, 2017 Nomura Real Estate Development Co., Ltd. Three Projects with over 2,000 Residential units Nomura Real Estate Takes its First Step into Bangkok’s Housing Sales Market Nomura Real Estate Development Co., Ltd. (head office: Shinjuku Ward, Tokyo; President and Representative Director: Seiichi Miyajima; hereinafter “Nomura”) announces that it has decided to participate in three condominium housing projects in Bangkok, Thailand, in partnership with a local Thai developer, Origin Property Public Company Ltd. (hereinafter “Origin”). These projects will represent Nomura’s first involvement in Housing projects in Bangkok. The three projects will be located in Ratchayothin (Chatuchak District), Onnut (Phra Khanong District) and Ramkhamhaeng (Bang Kapi District), all of which are near central Bangkok. The three locations will be extremely convenient, being within a ten-minute walk to existing or new stations of the BTS (elevated railway) and MRT (subway). The total number of residences to be provided by the three projects will exceed 2,000 units. The Nomura Real Estate Group has positioned overseas business as a growth field in its medium-term business plan (effective until March 2025). Accordingly, it plans to invest approximately 300 billion yen in residential projects and commercial projects by the business term ending in March 2025, the majority of which will target Asian countries where real estate demand is growing. Thus far, Nomura has agreed to participate in development projects in Shenyang, China; Ho Chi Minh City, Vietnam; and Manila, the Philippines. It will now proceed with development projects in collaboration with a local partner that is enjoying phenomenal growth in Bangkok, Thailand, and looks to utilize its store of know-how in helping achieve “connect today with tomorrow`s possibilities” in Asian nations that are expected to see continuing growth. All illustrations provided above are conceptual drawings ■ Project Outline Bangkok’s housing market is showing stable long-term growth that is driven by an expanding population in the middle-income bracket. Strong demand for housing is therefore expected. At the same time, the housing market is undergoing a shift from “quantity to quality” in line with the city’s economic growth. The result is an environment in which Nomura’s store of know-how, built in Japan’s condominium housing sector over many years, should prove high suitability. In light of such circumstances, Nomura will proceed with the following three projects. (1) KNIGHTSBRIDGE PRIME Ratchayothin Location Chatuchak District, Bangkok, Thailand Access Phaholyothin 24 Station, BTS Sukhumvit Line Phaholyothin 24 Station, MRT Yellow Line Planned walking distance of 1 minutes (scheduled opening in 2020) Site area Approx. 7,500 ㎡ Total floor area Approx. 19,200 ㎡ Exclusive area Approx. 9,800 ㎡ Structure (planned) (A) 35 floors,(B) to be confirmed No. of units (planned) (A) 334 (B) to be confirmed Planned completion (A) June 2020 (2) KNIGHTSBRIDGE PRIME Onnut Location Phra Khanong District, Bangkok, Thailand Access 8-minute walk from Onnut Station, BTS Sukhumvit Line Site area Approx. 3,800 ㎡ Total floor area Approx. 32,400 ㎡ Exclusive area Approx. 17,000 ㎡ Structure (planned) 47 floors No. of units (planned) 601 Planned completion September 2020 (3) KNIGHTSBRIDGE Ramkhamhaeng Location Bang Kapi District, Bangkok, Thailand Access 2-minute walk from Hua Mak Station, MRT Orange Line (scheduled opening in 2023) 8-minute walk from Lamsalee Station, MRT Yellow Line (scheduled opening in 2021) Site area Approx. 6,400 ㎡ Total floor area Approx. 34,700 ㎡ Exclusive area Approx. 18,600 ㎡ Structure (planned) 25 floors No. of units (planned) 685 Planned completion September 2020 ■ About Origin Property Public Company Ltd. ・ A leading housing developer in Thailand that was established in 2009. Listed on the Stock Exchange of Thailand. ・ Ranked sixth in condominium sales in Bangkok in 2016 (Origin data) ・ Series of brands “KNIGHTS BRIDGE,” “NOTTING HILL,” and “KENSINGTON.” ・ Currently focused on real estate-related services and plans to expand to commercial real estate in the future. ・ Recognized as a company that boldly develops new products for an increasingly urbanized Bangkok. ・ Market capitalization of 77 billion yen (as of June 2017) and sales revenue of 11.4 billion yen (2016). (Exchange rate: 1 baht = 3.26 yen) ■ Nomura Real Estate’s Overseas Projects Nomura Real Estate Group has announced the medium-term business plan ( effective until March 2025 ) in year 2015, positioning to “actively expand its overseas business taking advantage of Nomura`s product planning, service knowledge that has been built over the years in the Japanese market.” In relation to the above, as for the Development field; ■Expand residential and commercial projects in Asian nations with growing real estate demands expected from economic growth ■Collaborate with leading local partners ■Invest 300 billion yen by the business term ending in March 2025 【medium-term business plan】https://www.nomura-re-hd.co.jp/english/ir/pdf/plan2016_presen_en.pdf Nomura sets the above three tactics. Nomura will also “expand the investment management and brokerage business to meet the Cross-border investment demands” as part of Nomura`s service/management business, and actively absorb the in-bound and out-bound investment demands through “strengthening the cooperation with Nomura Security Group, whom has strong relations with number of investors”. In addition to the projects described in this press release, Nomura is a participant in joint development projects involving condominium housing in Ho Chi Minh City, Vietnam; condominium housing in Shenyang, China; and condominium housing and commercial facilities in Manila, the Philippines. Project area Ho Chi Minh City, Vietnam No. of units Approx. 2,300 Completion Planned for 2019 Description Condominium housing Japanese Daiwa House Industry, partners Sumitomo Forestry *Press release issued on September 29, 2015 Conceptual drawing Project area Manila, Philippines No. of units Approx. 1,400 Completion Planned for 2025 (four residential towers) Description Condominium housing, commercial facilities Conceptual drawing Japanese Isetan Mitsukoshi Holdings Conceptual drawing partners *Press release issued on July 10, 2017 The figures provided under “No. of residences” above refer to the total number of planned residences, not the share belonging to Nomura Real Estate. .