“Shinwa Group,” the owner of the Runesu innovation, has announced its investment plan in Thailand for 2019, valued at 3 billion baht, emphasizing a solid foundation for strong growth. The company aims to continue developing quality residential condos with authentic Japanese spirit, preparing to launch low-rise condos as a pilot project along the Yellow Line of the BTS before expanding throughout Bangkok. Additionally, they are pushing for the Triple S Service to expedite the transfer of the Runesu Thonglor project, which is set to begin transferring ownership in the third quarter.

 

Mr. Tomoyasu Yamabe, Managing Director of Shinwa Real Estate (Thailand) Co., Ltd., part of the Shinwa Group, a large business conglomerate headquartered in Osaka, Japan, revealed that after investing in Thailand for about two years, introducing the “Runesu” innovation, which utilizes the world’s only Sigma Beam technology to convert beams into floors and vice versa, has allowed residents to gain an additional 25-40% usable space. This year’s investment policy continues to focus on laying a solid foundation for stable growth in the future, highlighting the company’s parent firm’s modern construction techniques to maintain the quality of condos that embody authentic Japanese spirit, as per Shinwa’s vision. This year, the company plans to launch low-rise condominiums as a pilot project with a total investment value of approximately 3 billion baht.

 

“Thailand remains an attractive investment destination for the Shinwa Group due to its readiness in various aspects, including GDP figures and the highest consumer confidence index regarding the overall economy in years. Furthermore, the government’s policies promoting investment in various sectors are evident, as the government is continuously and rapidly pushing various BTS projects, creating a ripple effect on different investment sectors, particularly in real estate development, leading to numerous condominium projects. This is beneficial for customers, providing them with better and more suitable options. Shinwa has a long history of nearly 130 years, and entering the Thai market marks its first step into international markets, thus emphasizing the need to establish a solid foundation for slow but steady growth,” Mr. Yamabe stated.

 

Mr. Vichai Chulalorngkul, Executive Director of Shinwa Real Estate (Thailand) Co., Ltd., mentioned that Shinwa’s policy also emphasizes the central Sukhumvit area to meet the needs of Japanese customers, which is a location and target group the company is well-versed in, aligning with various research data. This area still has demand and is experiencing price appreciation. The investment plan includes the REN Sukhumvit 39 project. Additionally, this year, the company will test the market by launching a low-rise condominium project along the Yellow Line route on Srinakarin Road, on nearly 1 rai of land, 7-8 stories high, with no more than 100 units, covering a total area of 4,000 square meters, with a project value of approximately 200 million baht, expected to start sales around the third quarter. Although it is a low-rise project, it retains the unique charm of Shinwa, and similar projects will be distributed in general community locations due to their small size, allowing for quick execution and sales closure. This year, revenue recognition will come from the transfer of the Runesu Thonglor 5 project, which will begin transferring ownership in the third quarter. The company is preparing to accelerate transfers with the Triple S Service, a post-sales management system that connects Thai and foreign investors for Japanese tenants with a Life Time FREE service, reducing steps for agents and investors, providing a lifetime service exclusive to Shinwa customers.

 

“The Shinwa Group in Osaka has diverse businesses, including construction companies, condominiums, serviced apartments, single-family homes, hotels, parking lots, and onsen. Future projects in Thailand will also be diverse to cater to every segment. Additionally, there is potential for selling the Runesu innovation in markets with high interest, such as Singapore and Malaysia,” Mr. Vichai stated.

 

Shinwa Group Projects in Thailand

v Runesu Thonglor 5 (Runesu Thonglor 5)


Operated by W-Shinwa Co., Ltd. in partnership with Woralak Property Public Company Limited, the project is located on approximately 1 rai of land, consisting of an 8-story low-rise building with 156 units, featuring 1-2 bedroom types ranging from 29-65 square meters, starting at 4.9 million baht. The project is designed to create an atmosphere of authentic Japanese living, using some construction and decoration materials imported from Japan, such as a new bathroom system that can dry the floor within 1 minute, and using nano tiles with special properties to absorb moisture and prevent dust mites. The common areas and facilities are fully equipped, including a Japanese garden, swimming pool, authentic Japanese onsen, golf driving range, auto parking, and security systems, etc. The project is expected to start transferring ownership around the third quarter of 2019, with a project value of over 1.2 billion baht, featuring the Runesu system, which converts beams into floors and vice versa, utilizing the 60 cm height difference below for storage, managing Death Space, and allowing residents to gain an additional 25-40% usable space.

 

v REN Sukhumvit 39 (REN Sukhumvit 39)

Operated by S 39 Co., Ltd. under the “National Deal,” a joint venture between Prebuilt Public Company Limited, Shinwa Real Estate (Thailand) Co., Ltd., and Pressance Corporation from Japan, with a ratio of 49:26:25, this luxury condominium project is located on 2 rai 2 ngan 88 square wah of land, starting at approximately... baht. The project is situated on Sukhumvit Soi 39 (Soi Prommitr) and consists of 2 buildings, 7 stories high, with a total of 298 units, with a project value of approximately 2.6 billion baht. This will be the first project in Thailand to construct all units using the Runesu innovation, featuring 1 and 2 bedroom types with usable areas ranging from 30(+12) to 66(+18) square meters, with fully equipped functions in every area and competitive pricing for both living and investment. The official launch is planned for this year.

 

  • About Shinwa Real Estate (Thailand) Co., Ltd., a subsidiary of Shinwa Group, a large business conglomerate headquartered in Osaka, Japan, established nearly 130 years ago, engaged in various forms of real estate development, has been seriously entering the Thai market since 2016 through joint ventures with Thai real estate groups, constructing its first project, “Runesu Thonglor 5,” an 8-story low-rise condominium with 156 units, valued at approximately 1.2 billion baht, designed with an authentic Japanese living atmosphere, expected to be completed around the third quarter of 2019. The REN Sukhumvit 39 project is the second joint investment in Thailand.

  • About Prebuilt Public Company Limited, a registered construction company listed on the Stock Exchange of Thailand, has extensive experience and expertise in constructing condominiums and various buildings in Thailand. In addition to construction operations, it has an open policy to expand investments both in the form of developing projects independently and collaborating with various investment groups.

  • About Pressance Corporation, a giant real estate development company with the highest number of units sold in Kansai and the second in Japan, has been a long-term partner of Shinwa Group for 21 years.


Thank you for the information from www.w-shinwa.com