Jan. 15, 2021Marubeni CorporationMitsubishi Estate Residence Co., Ltd.
Marubeni Corporation (hereinafter, “Marubeni”) and Mitsubishi Estate Residence Co., Ltd. (hereinafter, “Mitsubishi Estate Residence”) are pleased to announce new real estate development projects in Changchun, Jilin Province, China. “Weifengdongyu II” project (approx. 1,400 units) and “Weifengchuxiao” project (approx. 2,100 units) (hereinafter, “the Projects”) are primarily residential real estate development projects, operated through a joint venture company.
The projects are the third and fourth projects in Changchun following the “Weifengdongyue (1,104 units)” project, which was the first real estate project by Japanese companies (Marubeni, Mitsubishi Estate Residence and Jilin Weifeng Industry Co., Ltd. (hereinafter, “Weifeng”)) in Changchun, commenced in 2012, and the “Weifengdongyu (936units)” project which was executed in 2016.
The “Weifengdongyu II” project, located next to the “Weifengdongyu” project, is in the Jingyue district which is highly regarded as a quiet residential area. Many customers hope that this area will be targeted for a continuation of the “Weifengdongyu” project. The Erdao district, where the “Weifengchuxiao” project is located, is expected to grow in popularity with first-purchasers (*) because of further projected development and the area’s convenient access to the Changchun International Airport.
Marubeni and Mitsubishi Estate Residence offer high quality residences with the fusion of Japanese know-how based on considerable business experience in Japan and extensive knowledge of Chinese culture brought to the table by Weifeng, one of the most reputable real estate developers in Jilin Province. Marubeni and Mitsubishi Estate Residence will continue to expand their Chinese real estate business through the Projects.
(*) People who are buying a home, including secondhand, for the first time.
<Related Press Release>Jul. 18. 2013The First Real-Estate Development by Japanese Developers in Changchun, Jilin Province, China - Marubeni Coporation and Mitsubishi Jisho Residence Co., Ltd. set off the Joint Development -“Changchun Jingyue Project (Tentative)”https://www.marubeni.com/en/news/2013/release/00048.html