Strategy of International Business

Entry into 16 cities across Asia in order to gain benefit from ASEAN growth

Growth in population and labor productivity are anticipated in ASEAN. We have entered into 16 cities across Asia in order to gain benefit from ASEAN growth.

Location of overseas branches

Expanding management and operation of service offices and service apartment

About 50% of our tenants are corporate, and the number of company entering into ASEAN is increasing. We will expand management and operation of service offices and service apartment by actively using operating cash flow into investment activities . We will support corporate clients entering into the overseas market. We will offer high-quality buildings, facilities and services in these properties.

Overview of service apartments

Serviced Apartment in Sriracha, Thailand

Opened November 2015
Building 72 rooms with eight floors above ground
Occupancy rate 87.5% (as of March 31, 2017)

Serviced Apartment in Ha Noi, Vietnam

Opened August 2016
Building 56 rooms with ten floors above ground, one floor below ground
Occupancy rate 92.9% (as of March 31, 2017)

Serviced Apartment in Phnom Penh

Scheduled opening Summer 2017
Building 56 rooms with 14 floors above ground, one floor below ground

Numerical target

More information about Leopalace21's growth strategy

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