9 Aug | Aeroventic
Mitsui Fudosan Group and Panasonic Group to Participate in Sanchong Zhongxing Bridge Project (tentative name),First for their Built-for-Sale Housing JV in Taiwan


Tokyo/Osaka, Japan - Mitsui Fudosan Co., Ltd., and Mitsui Fudosan Residential Co., Ltd., leading global real estate companies headquartered in Tokyo, and Panasonic Homes Co., Ltd. announced today that they are planning the first project for Sanmatsu Development and Construction Co., Ltd., the first joint venture established in 2017 between Mitsui Fudosan Group and Panasonic Group to promote their built-for-sale housing businesses in Taiwan. The planned project is tentatively named the Sanchong Zhongxing Bridge Project, and it is expected to pave the way for their continued growth in the housing sector in Taiwan going forward.

Sanmatsu Development and Construction brings together the housing business expertise of both Mitsui Fudosan and Panasonic groups honed in Japan and overseas to offer high-quality, sophisticated living spaces that Japanese companies are so renowned for. The joint venture will offer Taiwanese customers a new lifestyle in light of actual living conditions, and contribute further to improving housing in Taiwan by striving to differentiate itself from local companies.

The planned site of the first project is situated in a rezoning district approximately 1.8 miles (3 km) from Taipei Station in the center of the city. The closest MRT station is Sanchong (approximately 5 minutes from Taipei Station), where there are strong prospects for future development given the planned redevelopment around the station.

In addition to its close proximity to the city center and ample future potential, the site offers a living environment surrounded by greenery with the Tamsui River and Taipei Metropolitan Park only a short distance away. Moreover, the project plans to add originality and ingenuity unique to these industry-leading companies given their strong track record in Japan and overseas, including a Japanese-style color selection plan, periodic after-sales services, and the installation of Panasonic's smart condominium system.

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