{"id":29801,"date":"2016-10-13T17:27:59","date_gmt":"2016-10-13T10:27:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/bullet-train-operator-is-chugging-into-asean-property-development\/"},"modified":"2016-10-13T17:29:50","modified_gmt":"2016-10-13T10:29:50","slug":"bullet-train-operator-is-chugging-into-asean-property-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bullet-train-operator-is-chugging-into-asean-property-development\/","title":{"rendered":"Bullet train operator is chugging into ASEAN property development"},"content":{"rendered":"


\nNext station, Southeast Asia
\nA bullet train operated by JR Kyushu. Piti Sirisriro \/ Shutterstock.com
\nKyushu Railway Company, one of the five Japan Railways (JR) companies that operate the world-famous bullet trains, is scoping out markets in Southeast Asia for its first real estate investments in the region.
\n\u201cSoutheast Asia offers huge growth potential for JR Kyushu,\u201d Jr Kyushu chairman Koji Karaike told Bloomberg in an interview. \u201cWhether it\u2019s in terms of visitor numbers or investment opportunities, we\u2019re looking to the region to help diversify and increase our revenue.\u201d
\nThe state-owned company revealed this pivot to Southeast Asia as the population in the eponymous island, Japan\u2019s southwestern-most, goes on a decline.
\nMore: Why condo sales in Tokyo crashed to 24-year low
\nTo diversify its revenue streams, JR Kyushu revealed an outlay of JPY80 billion (USD770 million) on non-rail projects in the next three years. The company looks to increase its non-rail sales to account for over 62 percent of revenues by 2019.
\nThese plans come as the company prepares for its JPY416 billion (USD4 billion) IPO, part of the Japanese government\u2019s overarching plan to privatise its JR firms. The IPO will issue 160 million shares owned by JR Kyushu\u2019s parent company Japan Railway Construction, Transport and Technology Agency at share prices ranging from JPY2,400 (USD23) to JPY2,600 (USD25).
\nRead next: Where skiers go in Japan, land price increases follow
\n
\nSource : property-report.com
\nRead more…Bullet train operator is chugging into ASEAN property development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Next station, Southeast Asia A bullet train operated by JR Kyushu. 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