Malaysia/ Thailand/ Philippines
Since 2012, we have had in place in Malaysia a representative office carrying out research and development into housing using industrialized methods, and that is designed to match the Malaysian climate. As a part of this, in 2014 we constructed model houses, and gained high praise given that this ensured shortened construction time and dependable quality.
As of 2015, we have started development and sales of around 100 houses in an area of approximately 13.1 acres in Sunway Iskandar (total area: 1,796.5 acres), a development zone in Malaysia’s southernmost state of Johor. This project includes development and sale of housing by Daiwa Sunway Development, a joint-venture company formed by our subsidiary Daiwa House Malaysia and major Malaysian developer Sunway Group.
The Sunway Iskandar project being advanced by Sunway Group is one of the Iskandar Development Plans being put in place by the Malaysian government, situated as an area with special tax incentives close to Singapore. In the future, an integrated city including offices, commercial facilities, resort facilities, hospitals, and schools is planned.
In March 2015 we established representative offices in Bangkok, Thailand and in Manila, the Philippines. The ASEAN region is expected to see stable growth over the coming years, and we plan to increase the pace of our investment in these countries, notably in Malaysia.