Housing projects in ThailandUrban development and housing site development in the Yanchep District of Western Australia 40Further economic growth in Thailand is anticipated, following the 2017 announcement of the Eastern Economic Corridor (EEC) policy to serve as the national growth strategy. We are involved in the rental housing business in Sri Racha, which is located within the EEC area, and the housing sale business in Bangkok, which is becoming in-creasingly urbanized as the rail network expands.Apartments for Japanese in Sri RachaLocated about 100 km southeast of Bangkok, Sri Racha is an area expected to see ongoing develop-ment, due in part to the large number of Japanese manufacturing companies and other businesses es-tablishing bases there. We established Saha Tokyu Corporation, a joint venture with major Thai conglom-erate the Saha Group in 2014, and operate serviced apartments for Japanese. HarmoniQ Residence Sri Racha (212 units) is an apartment for expatriate em-ployees and their families, which opened in 2016, followed by extended housing units and communal facilities in 2021. It became the first overseas project to be recognized by the Mikihouse Child & Family Research and Marketing Institute Inc. as a “residence and environment suitable for raising children.” The institute appreciated its environmental features ensur-ing a safe, comfortable lifestyle, such as separating vehicle and pedestrian routes and the installation of footpaths with abundant greenery. In addition, since 2020, we have been operating Green Life (75 units), a rental housing facility for single people and couples. By promoting development and operations cen-tered on the customer’s perspective, we will continue to provide comfortable residential spaces offering peace of mind for Japanese families living overseas. In the Yanchep and Two Rocks district, about 50 km north of Western Australia’s state capital Perth, our subsidiaries Yanchep Sun City Pty Ltd and St An-drews Private Estate Pty Ltd have both established joint ventures with Australian companies and are promoting urban and residential land development projects. In addition to infrastructure develop-ment in the surrounding area with an eye to the scheduled 2024 start of services on the state government’s extension of the railway from Perth, we operate a vo-cational college and the Y·hub research and education complex, which aims to The communal building in HarmoniQ Residence Sri Racha rental housingHousing development project in the Yanchep and Two Rocks district of Western AustraliaHousing sale business in BangkokSince 2017, we have been developing condominium projects in Bangkok together with Thai property de-veloper Sansiri, including taka HAUS (269 units) and XT EKKAMAI (537 units). All our developments offer a comfortable living environment, with high-quality dwellings and ample communal facilities. Sales re-main strong at Burasiri Krungthep Kreetha (274 units), which is the first development of detached houses by our Thai business. The development’s key features are a living environment that achieves a harmonious balance between convenience and nature, diverse communal facilities, and spacious room layouts, and it also incorporates eco-friendly measures considered advanced by Thai standards. Sales at our dcondo Hype Rangsit (546 units) project began in July 2023 and the development attracted high praise from Thai owner-occupiers and investors alike, with the result that all units have been sold. September 2023 saw sales begin at our KingsQuare Residence (222 units) high-rise condominium project, in partnership with the Saha Group. Designed with consideration for res-idents’ health and wellbeing, it is the first residential building in Thailand to gain Fitwel 3-Star certification. Going forward, we will continue to leverage our urban develop-ment know-how in order to contrib-ute to Thailand’s development and efforts to improve the quality of its housing stock.generate business and innovation that will bring to fruition a clean, green, sustainable city. We are also moving forward with such ventures as our farm business, with the aim of establishing a local brand.Detached houses Burasiri Krungthep KreethaY·hub research and education complex
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