Japan’s Shinwa Group kicks off ASEAN expansion push in Thailand
Japanese property firm Shinwa Group plans to expand its investment in ASEAN between now and 2019, targeting revenue from overseas sales to reach Bt10 billion by that year. The group launched its foray into the ASEAN market last year, announcing its first investment in Thailand, Shinwa Group director Tomoyasu Yamabe told a news conference on January 19 at the company’s headquarters in Osaka. Other countries in ASEAN where it plans to develop condominium projects are the Philippines, Vietnam, Malaysia, Indonesia and Singapore. “The Philippines and Vietnam are the next two priorities for our investment expansion in 2018 after launching our first condominium project, Runesu Thonglor 5, worth Bt1.2 billion in Thailand early this year,” he said.
