The powerhouse of the Group's overseas operations is its condominium business in China, which has recorded stable earnings for many years.
The Daiwa House brand is being firmly established as a presence not just through the quality of the buildings themselves, but by providing the distinctive excellence of Japan, which includes our services. Leveraging the expertise long-cultivated around Shanghai in the Yangtze Delta region, we are advancing our condominium business that offers uncompromising quality, from development to management.
We provide a one-stop service from selection of the best sites through development (marketing, design, management of the construction process) to after-sales service. This is what our brand name is known for. We offer all our customers, for all properties, the Japanese level of quality that they seek.
The total number of condominiums, villas, SOHO, and hotels developed by the Group in China amounted to approximately 9,000 units* as of January 2024. We are steadily building a track record in areas with stable economic growth and high demand for residential housing.
*Includes number of planned units currently under development.
Our Chinese condominium business has since 2023 included plans to hand over a number of projects to their owners, notably the Grace Residence. We will continue to build our business to address society's need for high-quality residential environments.
