Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 11 March 2015, 15:47 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
Mitsubishi Corporation Takes Part in Real Estate Development Project in Indonesia

TOKYO, Mar 11, 2015 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce its participation in a condominium development project, dubbed "the BSD Project", to be launched by Tokyu Land Corporation (TLC) in Indonesia.

The BSD Project includes eight high-rise (31 to 34 story) towers located in Bumi Serpong Damai (BSD City), one of the biggest township developments in Greater Jakarta. BSD City covers an area of 6,000 hectares, located some 25 kilometers from Central Jakarta. MC will participate in Phases 1 to 3 with seven condominium towers collectively offering 3,000 upscale condominium units.

Jakarta's robust economic growth and rapidly increasing population have both caused a surge in property prices and compounded the difficulty of managing traffic in the city center. As a result, township and residential developments have been extended to the outer areas of Greater Jakarta. BSD City stands out among these suburban townships for having successfully attracted the development of appealing city functions such as a large-scale shopping center and the biggest convention center in Indonesia. By providing a modern, upscale living environment, the BSD Project is expected to be a landmark in the central area of BSD City.

In addition to advanced countries such as Japan and the US, MC has also been expanding its real estate development business in emerging markets, including China and South East Asia. By integrating Japan's unique technologies and product design into our projects, MC is working to supply differentiated and sophisticated real estate products to the market. As we expand our presence in the property sector in Indonesia through this Project, MC is also expanding its real estate businesses in the Philippines, Vietnam and Myanmar under this common strategy.

Mitsubishi Corporation
Telephone: +81 3 3210 2171 
Facsimile: +81 3 5252 7705

Topic: Investment
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Daily Finance, Real Estate & REIT
From the Asia Corporate News Network

Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Mitsubishi Heavy Industries, Ltd. Links

Mitsubishi Heavy Industries, Ltd.
July 12, 2024 15:13 HKT/SGT
MHI Selected for Inclusion in Two ESG Investment Indices: FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index
July 10, 2024 17:04 HKT/SGT
Japan Aircraft Industrial Enhancement Co. Ltd. to Start Operations
July 8, 2024 17:00 HKT/SGT
World-first Trial of New Technology to Recycle CO2 Emissions from Steel Production Begins at ArcelorMittal Gent, Belgium
July 4, 2024 12:59 HKT/SGT
MHI Receives Order for Ultrasonic Thickness Monitoring System That Can Be Used in Environments with Flammable Gas
July 3, 2024 13:20 HKT/SGT
MHI Thermal Systems Launches New Remote Control Unit for Commercial Air-Conditioners in Europe
June 28, 2024 11:40 HKT/SGT
Amogy and Mitsubishi Shipbuilding Have Completed a Feasibility Study of Ammonia Supply System for Ammonia-Powered Maritime Solution
June 28, 2024 10:30 HKT/SGT
MHI Invests in e-Zinc to Advance Long-duration Energy Storage in Zinc Metal
June 19, 2024 16:31 HKT/SGT
Mitsubishi Shipbuilding Receives Orders for Japan's First Methanol-Fueled RORO Cargo Ships
June 7, 2024 15:38 HKT/SGT
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
June 6, 2024 18:34 HKT/SGT
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: