Further global expansion with launch of
multilingual management services
Meiho Enterprise Co., Ltd. (TOKYO:8927) (Meguro-ku, Tokyo:
Representative Director Mitsuru Yabuki, hereinafter referred to as
“Meiho Enterprise”), which has supplied over 150 “newly-built
whole-building investment rental housings” mainly in Tokyo’s 23
wards, has decided to establish its first local subsidiary, “Meiho
Enterprise TAIWAN Co., Ltd.,” in Taiwan in November 2024, to
further strengthen its sales business in Taiwan. Operations are
scheduled to begin in February 2025. Additionally, Meiho Properties
Co., Ltd. (Meguro-ku, Tokyo: Representative Director Takashi Ota,
hereinafter referred to as “Meiho Properties”), which is a Group
company of Meiho Enterprise, has started leasing management
services for owners who reside in Taiwan. This enables us to
provide one-stop services through the Group’s integrated system so
that the owners who reside in Taiwan can invest in real estate
without concerns about managing their real estate and assets in
Japan.
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Sales results within Asia (Graphic:
Business Wire)
Background of establishing a local subsidiary in Taiwan
-expanding the Group’s integrated system, which is one of our
strengths, to Asia-
The impact of the recent rapid depreciation of
the yen in the foreign exchange market, the recovery trend in
inbound demand, and other factors have increased the interest in
Japanese real estate investment among affluent people in Asia. In
the past, Meiho Enterprise has held seminars and individual
business meetings for overseas investors. Since fiscal year 2024,
we have been expanding and strengthening our sales channels mainly
in Taiwan and other parts of Asia through measures such as hiring
multilingual global human resources. As a result, we have sold 37
properties* as of the end of June this year.
*During the period from August 2017 through
June 2024
Now, intending to expand and strengthen our sales business in
Taiwan and other parts of Asia, we will establish “Meiho Enterprise
TAIWAN Co., Ltd.,” a local subsidiary of Meiho Enterprise in
Taiwan, in November 2024 as a base for overseas sales. Operations
are scheduled to begin in February 2025. After the establishment,
we will promote proactive sales activities, looking into joint
development projects in Japan with local developers and local
recruitment of global human resources in Taiwan.
In addition, Meiho Properties’ leasing management services have
been expanded to Taiwan since June 2024, and a dedicated
multilingual contact point has been set up to support owners who
reside in Taiwan. This enables speedy reports on property progress,
etc., and enables us to provide one-stop services overseas through
the Group’s integrated system from land acquisition to development
and design, construction, sales, and management, which is one of
the Group’s strengths, thereby realizing worry-free real estate and
asset management.
Overview of the local subsidiary in Taiwan
Name:
Meiho Enterprise TAIWAN Co., Ltd.
Address:
3rd Floor, One&Co Taipei, No. 15,
Section 1, Nanjing E. Rd., Zhongshan District, Taipei City
Scheduled date of establishment:
November 2024
Scheduled start date of operation:
February 2025
Business details:
Sales and purchase support services of
Japanese real estate
Sales and purchase brokerage services and
leasing brokerage services of Japanese real estate for Taiwanese
investors
Other real estate consulting services
Comment of Vanilla Liao, Overseas Sales Promotion
Office
Due to the progress of yen depreciation, we believe now is the
best time for overseas investors to invest in Japanese real estate.
However, many of our customers said they are concerned about
language barriers, legal complexities, and property management when
purchasing Japanese properties. At Meiho Enterprise, we have
several multilingual (Chinese, English) staff members who are
well-versed in real estate. We welcome customers investing in
Japanese real estate for the first time with full support. Also,
our EL FARO series, whose sale prices range around 0.5-0.7 billion
yen, and our MIJAS series, whose sale prices range around 0.3
billion yen, are supplied specifically in the western and southern
parts of Tokyo. They are well-located within a 10-minute walk from
stations, convenient for Japanese people who frequently travel by
train, in a convenient area close to supermarkets, elementary
schools, post offices, and other amenities. As their asset value
can be maintained over the years, they are well-received by our
Taiwanese customers. In the future, starting with the establishment
of the local subsidiary in Taiwan, we will improve the quality of
our services in Taiwan and other parts of Asia and provide more
professional and extensive services to help invest in Japanese real
estate with peace of mind, as we aim to be the best partner in
Japanese real estate investment.
Voice of an overseas investor who has purchased our
property
CEO of a trading company in South Taiwan “I learned about
Meiho Enterprise from a friend. Compared to Taiwanese real estate
companies, Meiho Enterprise gives me a detailed explanation of
property purchase procedures and other processes. As land
purchasing through management is provided in one-stop services,
sufficient support is provided, and processes are extremely
transparent and reassuring. The newly-built whole-building
investment rental condominium series EL FARO is provided in
locations that no other companies offer, and as I liked the design
and thought it matched the asset management investment I was
looking for, I decided on the purchase.
About Meiho Enterprise Group
In business for 56 years, as a trusted and proven Tokyo Stock
Exchange-listed developer focusing on manufacturing, the Group
consists of the parent company Meiho Enterprise Co., Ltd.
(Meguro-ku, Tokyo: Representative Director Mitsuru Yabuki) which
has supplied over 150 “newly-built whole-building investment rental
housings” mainly in Tokyo’s 23 wards, the leasing management
companies Meiho Properties Co., Ltd. (Meguro-ku, Tokyo:
Representative Director Takashi Ota) and House Saison Enterprise
Co., Ltd. (Kyoto-shi, Kyoto: Representative Director Hideaki
Okuyama), and the construction companies Meiho Engineering Co.,
Ltd. (Meguro-ku, Tokyo: Representative Director Shinji Sakamoto)
and Kyoeigumi Co., Ltd. (Setagaya-ku, Tokyo: Representative
Director Kazuhiro Igarashi). As the entire Meiho Enterprise Group,
we value a lifelong relationship and desire to pass on to the next
generation. For details, visit https://meiho-est.com/en/.
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Press inquiries regarding this release Hanamura, Shirai,
and Iwasaki, Public Relations, Meiho Enterprise Co., Ltd. Tel:
+81-3-5434-7652 E-mail: media@meiho-est.co.jp