TOKYU LIVABLE, INC. announces its decision to establish a subsidiary in
Taiwan (as a joint venture in which it will hold an 80% stake) in order
to expand support operations related to real estate investment in Japan
Foreign real estate investment conducted domestically in Taiwan has been
on the increase in recent years. In particular, investment in real
estate in Japan has been gathering momentum owing to the undervalued
Tokyu Livable has also noted an increase of transactions with Taiwanese
investors in the last few years. The company has chosen at this time to
establish a subsidiary in Taiwan after concluding that a further
increase in business transactions is anticipated going forward.
Joint venture partner, TAI LUNG CAPITAL, INC., has deep ties with the
Tokyu group, and has built a network of contacts with a multitude of
affluent Taiwanese people through a variety of businesses.
Through this local subsidiary the company aspires to improve the agility
of operations that support Taiwanese investors and further enhance
brokerage business opportunities.
To date, the company has expanded its global business by establishing a
subsidiary in Shanghai in 2012 and building an alliance with
Singapore-based real estate company, OrangeTee.com, in 2013 in order to
attract foreign investment to the Japanese real estate market. Tokyu
Livable plans to continue to pursue activities focusing on Europe and
East Asia and strive to enhance services for foreign investors.
Overview of subsidiary to be established
||TOKYU LIVABLE(TAIWAN), INC.
Section 2, Dunhua South Road, Daan District, Taipei|
||Takaki Makino (Chairman and General Manager)
||22 million TWD (roughly equivalent to 77 million JPY)
(5) Equity ratio:
TOKYU LIVABLE, INC., 80%, TAI LUNG CAPITAL, INC., 20% (Joint
(6) Number of employees:
5 (including the Chairman)
(7) Date of establishment:
(8) Business start:
(9) Business description:
Real estate brokerage, investment consulting, etc.
End of release
TOKYU LIVABLE(TAIWAN), INC.
Kyoji Yuhashi, +886-2-7711-1099
Source: Tokyu Livable, Inc.