TOKYO--(BUSINESS WIRE)--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.
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 |
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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/.
