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[Hankyu Hanshin Properties Corp.] Japanese real estate company in Malaysia

Background of expansion into Malaysia

For Hankyu Hanshin Properties, this project will be the first housing business in Malaysia.

Until now, we have been developing a number of condominiums and detached houses in Vietnam, Thailand, the Philippines, and Indonesia, but based on the company’s long-term vision, “Deepening along the line, expanding fields,” the scale of the overseas real estate business.

The Limbun Cassia Project is a condominium development project with a total of approximately 850 units.

RIMBUN KASIA completion image

Quoted from the Hankyu Hanshin Properties website

In addition to many educational institutions such as universities, there are large supermarkets and general hospitals, and further development is expected in the future.

Project Outline
[Building site] Selembang County, Negeri Sembilan, Malaysia
[Site area] Approximately 53,600 m2 (including parks, etc.)
[Total number of units] Approximately 850 units
[Total project cost] Approximately 341 million ringgit (approximately 9.6 billion yen)
[Business ratio] Hankyu Hanshin Properties 45%, Ireka 55%

Type: Mansion dwi
Location: Selembang County, Negeri Sembilan
Number of units: 382
units Scheduled to be completed: 2021 ~ (planned)

Type: Mansion rintik
Location: Selembang County, Negeri Sembilan
Number of units: 382
units Scheduled to be completed: 2021 ~ (planned)

Overview of Ireka Corporation

Ireka Corporation is a real estate company that has been engaged in construction-related business in Malaysia for over 50 years.

We have been developing housing mainly in Mont Kiara, a high-class residential area in Kuala Lumpur, and we are also working on housing development in the suburbs of Kuala Lumpur.

Quoted from company HP

50 YEARS OF BUILDING SERVICE

Ireka has established a good track record of consistent growth over the last 50 years. It aims to provide the highest standard of design, construction and service in the business, resulting in several major industry awards in recent years such as FIABCI and Asia Pacific Property Award. These awards are extra assurance that you can expect a quality product when you choose Ireka.

Quoted from company HP
company overview
[Company name] Ireka Corporation Berhad
[Location] Wisma Mont ’Kiara, No 1, Jalan Kiara, Mont’ Kiara 50480 Kuala Lumpur, Malaysia
[Representative] Datuk Lai Voon Hon
[Fund] Approximately 144 million ringgit (approximately 4.1 billion yen, December 2017)
[Sales] RM332 million (approximately 9.4 billion yen, FY3 / 17)
[Business description] Real estate development business, construction business, etc.
[Number of employees] Approximately 617 (December 2017)

Summary

This time, we introduced Hankyu Hanshin Properties Corp.! I would like to continue to summarize the companies that are expanding into Malaysia.