Meiho Enterprise holds its third individual business meeting in Taiwan
May 27 2024 - 1:00AM
Business Wire
-Further strengthening overseas sales with
global human resources-
Meiho Enterprise Co., Ltd. (TOKYO:8927) (Meguro-ku, Tokyo:
Representative Director Mitsuru Yabuki, hereinafter referred to as
“Meiho Enterprise”), which has supplied over 150 “newly-built
whole-building investment rental housings” mainly in Tokyo’s 23
wards, held individual business meetings in Taiwan from May 19 to
22, 2024 to strengthen sales to overseas investors, with the
cooperation of a local broker.
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Local staff of a Japanese intermediary
and employees of Meiho Enterprise (Photo: Business Wire)
Business meetings in Taiwan
Meiho Enterprise has been expanding and strengthening sales
channels in Asia through measures such as holding seminars for
overseas investors in Taiwan in March and November 2023 and
individual business meetings in Singapore in March this year. The
number of properties purchased by overseas investors in Asia has
performed well; 12 buildings in the fiscal year ended July 2023
(from August 2022 to July 2023) and 8 buildings from August 2023 to
May 2024.
We have received feedback from investors who participated in the
business meetings and seminars previously held in Taiwan such as
“It was very informative, and I gained valuable knowledge and
insight” and “Properties of Meiho Enterprises are in a good
location and condition, and I would definitely consider buying.”
Some of them even came to Japan to see our whole-building
investment rental condominium brand “EL FARO,” whose sales price
ranges from around 500-700 million yen, and we are aiming to
conclude contracts through seminars and business meetings.
In response to this, Meiho Enterprise held individual business
meetings of our main product “EL FARO” for institutional and
individual investors in Taiwan, which were primarily organized by
our local broker, to further expand and strengthen sales channels
in Asia.
We also hired multilingual global human resources in April this
year, enabling us to provide high-quality and flexible services
through cross-cultural communication across language barriers with
new and existing customers in Taiwan. Additionally, we have further
expanded our sales channels in Taiwan by leveraging the extensive
network that global human resources have.
We received feedback from our customers who participated in the
business meetings such as “I think EL FARO is a great property with
good location and yield” and “We are thinking of going to Japan
sometime to see the property.”
Future initiatives
Vanilla Liao, the Section Manager of the Sales Promotion Office
of Meiho Enterprise who participated in the business meetings,
said, “The business negotiations with overseas customers mainly
from Asia went smoothly, and mutual understanding was deepened.
Especially in Taiwan, we were able to achieve significant results
in exploring and building relationships with new customers, and
relationships with our existing customers also became stronger. In
the future, we will hold business meetings not only in Asia but in
more countries to further expand our sales channel.”
Backed by the record weak yen, Meiho Enterprise will work
strategically to expand our sales channels not only in Asia but
around the world by leveraging the strengths the global human
resources have.
We are also planning to hold business meetings in Singapore in
July this year.
About Meiho Enterprise
In business for 56 years, Meiho Enterprise has supplied over 150
“newly-built whole-building investment rental housings” mainly in
Tokyo’s 23 wards as a trusted and proven Tokyo Stock
Exchange-listed developer focusing on manufacturing. We value a
lifelong relationship and desire to pass on to the next
generation.
Our newly-built whole-building investment rental condominium
series “EL FARO” and our newly-built whole-building investment
rental apartment series “MIJAS” are developed mainly in the Jonan
and Josai areas, where the ground is solid and property values are
unlikely to decline. Sales prices are around 300 million yen for
MIJAS and around 500-700 million yen for EL FARO. Both series have
an average occupancy rate of around 96.8% (as of April 2024), are
in great locations and have attractive designs, and come with
high-quality facilities and specifications, realizing high
occupancy and long-term operation. They also receive support from
our customers as stable investment products effective for asset
protection and inheritance tax planning. For details, visit
https://meiho-est.com/en/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240526850072/en/
Press inquiries regarding this release Yuki Shirai and
Ayako Iwasaki Public Relations Meiho Enterprise Co., Ltd. Tel:
+81-(0)3-5434-7651 E-mail: media@meiho-est.co.jp