MARIMO LAND SIGNS AGREEMENT TO BUILD LIFESTYLE CONDO WITH GDV OF RM400 MILLION

Puchong, Selangor, Sunday 20 November – Marimo Land Malaysia Sdn Bhd (Marimo Land), a Joint Venture with Marimo Japan, today signed an agreement with E&J Group, Ecobuilt (M) Sdn Bhd and Pembinaan Infra E&J Sdn Bhd to build 718 units of premier freehold condominiums.

Marimo Land Malaysia is a JV company between the Fukagawa brothers namely Marimo Co. Ltd President, Makoto Fukagawa and Marimo Land Malaysia Chief Executive Officer, John Taro.

The ground breaking ceremony and signing of the agreement marked the commencing of the construction of the O’hako Residensi in Puchong Jaya. Made up of two towers, the ceremony also launched the sale of units in Tower B with 60% already sold, after the highly successful sale of units in Tower A, which was 90% sold.

O’hako Residensi is a strategic and highly accessible location that is just two minutes away from the Taylor’s University Lakeside Campus. The residence is inspired by the concept of O’hako – box of surprises – crafted by Marimo Land, a highly reputable and experienced Japanese developer which has completed more than 330 condominiums in Japan and other countries, including a 1000-unit high-rise project in China. The development brought together the spirit of innovation, technology, tradition and Japanese culture, creating homes that are warm, welcoming and luxurious.

“Our first project in China with a GDV of RM1billion has successfully sold 1000 units; subsequent to that we launched our second project of 1000 units in 2016 with a GDV of RM1.3 billion,” says Marimo Land Chief Executive Officer John Taro, son of the Founder, Takeo Fukagawa.

“O’hako is the answer to Malaysia’s expanding taste for higher stands of living that are stylish and yet meet expectations of comfort and accessibility. Therefore, Malaysians are in for a treat with the O’hako Residensi as it is all about top-notch quality in the midst of greenery, scattered with lovely surprises from the lobby right up to the condominium units. With a slant towards the concept of lifestyle, the condominium will house elements such as a jogging and child cycling track, skating ramp, tree house, gym, art lounge, floating wedding stage, a multipurpose space and every condo unit will be allocated with two parking lots each.”

Considering the development is less than 10 minutes from the townships, surrounding Sunway Pyramid and IOI Mall, O’hako is competitively priced, leaving buyers pleasantly surprised with its 5-star experience.

Taro’s background in architecture and specialisation in master planning was implemented in the concept and development of the project.

“It is also strategically located which is less than 10 minutes from the townships, surrounding Sunway Pyramid and IOI Mall. O’hako Residensi is located on Jalan Pipit in Bandar Puchong Jaya with its hidden gem location along Klang River for the connector township between Subang Jaya and Petaling Jaya and it is also where Puchong Jaya can be the next Mt Kiara. It suits our first Malaysia project, he added.

O’hako Residensi comprises two towers of 359 units each, with more than one-third of the 4.25-acre development allocated for greenery and outdoor facilities.

Having lived in Malaysia for more than 12 years, Taro understands the needs of Malaysians. As such, Marimo Land had contributed RM2million plus and another RM2 million for building bridge, improving the riverside and upgrading the access roads around that area. Furthermore, the development will be incorporating as much open space as possible to create safe areas for children to play and run around in.

Units are priced at RM430,000 to RM630,000 with built up area of 850sq ft to 1000sq ft, which works out to RM500 to RM600psf. Both towers will be completed by December 2019.

JOHN TARO, CEO MARIMO LAND SDN BHD AND MICHAEL ONG C.K, CEO E&J GROUP

EXCHANGING OF DOCUMENT: FROM LEFT – JOHN TARO, CEO MARIMO LAND SDN BHD EXCHANGING DOCUMENT WITH MICHAEL ONG C.K, CEO E&J GROUP

DURING PRESS CONFERENCE -JOHN TARO, CEO MARIMO LAND, MARIMO GROUP FOUNDER, FUKAGAWA TAKEO, MARIMO CO LTD PRESIDENT MAKOTO FUKAGAWA ADDRESSING THE MEDIA

SEALING OF AGREEMENT WITNESSED BY MARIMO GROUP FOUNDER, FUKAGAWA TAKEO AND MARIMO CO LTD PRESIDENT MAKOTO FUKAGAWA From left: John Taro CEO Marimo Land, Fukagawa Takeo, Makoto Fukagawa and Michael Ong C.K,E&J Group CEO