New Real Estate Development Projects in Changchun, China
Jan. 15. 2021
Mitsubishi 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.
|<“Weifengdongyu II” Overview>|
|Location||:||Dongcujuyedajie, Jingyue, Changchun, Jilin Province, China|
|Area of Land||:||Approx. 252k㎡|
|Saleable Area||:||Approx. 305k㎡(Residenses approx.1,400 units, Commercial approx. 130 areas)|
|Schedule||:||Commencement: March, 2021(projected), Completion: September, 2024 (projected)|
|Location||:||Erdao International Logistics Development Zone, Changchun, Jilin Province, China|
|Area of Land||:||Approx. 124k㎡|
|Saleable Area||:||Approx. 230k㎡(Residenses approx. 2,100 units, Commercial approx. 50 areas)|
|Schedule||:||Commencement: Oct, 2020, Completion: December, 2024 (projected)|
|<About Marubeni >|
|Head office||:||Tokyo Nihombashi Tower, 7-1, Nihonbashi 2-chome, Chuo-ku, Tokyo, 103-6060, Japan|
|Number of Employees||:||Approx. 4,400|
|Main Business||:||Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri business, chemicals, energy, metals & mineral resources, power business, infrastructure project, aerospace & ship, finance & leasing business, construction, industrial machinery & mobility, and next generation business development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.|
|<About Mitsubishi Estate Residence>|
|Name||:||Mitsubishi Estate Residence Co., Ltd.|
|Head office||:||Ohtemachi Financial City Grand Cube, 1-9-2, Ohtemachi, Chiyoda-ku, Tokyo, Japan|
|Number of Employees||:||Approx. 1,700|
|Main Business||:||Real estate development, sales and leasing|
|Name||:||Jilin Weifeng Industry Co., Ltd.|
|Head office||:||7088, Renmindajie, Nanguan, Changchun, Jilin Province, China|
|Number of Employees||:||Approx. 20|
|Main Business||:||Development and operation of residensial and commercial real estate|
＜Related Press Release＞
Jul. 18. 2013
The 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)”