Development of the Overseas Condominium Business

THE MINATO RESIDENCE Project

Takara Leben is also working to contribute to regional revitalization and urban development through the provision of residences overseas. THE MINATO RESIDENCE is the first large-scale condominium development project by an all-Japanese consortium in Hai Phong, Vietnam’s third most populous city. Under the concept of Eternal Value, a condominium complex that includes commercial facilities (with 26 stories, 924 residential units, and a site area of 12,760m2) is being constructed in the new Water Front City area, which is expected to be a center of future development.

In July 2020, Minato Vietnam Co., Ltd. (a joint venture of Takara Leben and Fujita Corporation) and Toyota Nankai Hai Phong Co., Ltd. held the 2020 Japan Omotenashi Festival. Sales promotion activities were conducted while the nearly 300 participants experienced Japanese hospitality and culture including food and dance.

THE MINATO RESIDENCE Project THE MINATO RESIDENCE Project

Leben Community Vietnam Established

In December 2019, Leben Community established Leben Community Vietnam Co., Ltd. as a local subsidiary to carry out condominium management operations for THE MINATO RESIDENCE.

In the years to come, the Takara Leben Group will meet housing needs in Hai Phong, which is expected to grow significantly as an international port city, thereby contributing to Vietnam’s urban development.

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