21st February 2024

A new housing development project in Indonesia- Exceeding 4,000 units distributed in Indonesia Hankyu Hanshin Properties Corp. (Head Office: Kita-ku, Osaka, President: Morotomi Ryuichi; hereinafterreferred to as “HHP”) will jointly advance the “Kemang Eminence Project Phase 2” in Indonesia with its
new partner, real estate developer PT. Mitra Seraras Sejati (Head Office: Kemang, Bogor Regency,
Representative: Lakshmi Parmata Sari, hereafter referred to as “Mitra”).
“Kemang Eminence Project Phase 2” in Indonesia

Perspective drawing

The “ Kemang Eminence Project Phase 2 ” constitutes approximately 130 two-story townhouses*. The
prospective site for this venture, situated in Kemang within the Bogor Regency, lies approximately 40 kilometers
southward from Jakarta's central hub. It is anticipated that there will be a significant demand for housing from
employees working in both central Jakarta and the proximate areas. Moreover, this project is conveniently
positioned approximately five minutes by car from the closest highway exit, with numerous commercial
establishments, hospitals, and educational institutions within its immediate vicinity. The collaborator in this joint
venture, Mitra, has a record of developing and selling approximately 1,300 residences within the Bogor Regency.
* Townhouse： Townhouse is common in Indonesia, with buildings typically ranging from one to three stories.

With this project, our housing development business in Indonesia will consist of 5 projects (approximately4,020 units), and our overall overseas housing business will include 56 projects (approximately 54,990 units).

1◆Overview of the overseas housing businessCurrently, our company is actively engaged in implementing diverse initiative to strengthen our real estatebusiness in ASEAN countries and other regions. Among these initiatives, our housing projects are being developed
and launched in five countries: Thailand, Vietnam, the Philippines, Indonesia, and Malaysia.

Countries

No. of projects

No. of units

Thailand36 projects

Approx. 29,890 units

Vietnam

6 projects

Approx. 13,990 units

The Philippines

8 projects

Approx. 6,240 units

Indonesia

5 projects

Approx. 4,020 units

Malaysia

1 projects

Approx. 850 units

Total

56 projects

Approx. 54,990 units* As of 20th February 2024◆“Kemang Eminence Project Phase 2” Project overview【Project Type】 Townhouse【Location】
Kemang, Bogor Regency, West Java Province, Republic of Indonesia【Site Area】
Approx. 19,300㎡【Completion】
Summer of 2024 onwards (tentative)【No. of Units】 Approx. 130 units◆Location【Participated projects by HHP】

【Indonesia】★ indicates the project we will be
participating in this time

●Indicates Hankyu Hanshin Properties Corp.’s housing
projects, all of which are joint ventures with PA.

© OpenStreetMap contributors（opendatacommons.org）（Partially modified）

2◆About Hankyu Hanshin Properties Corp.
【Company Name】

Hankyu Hanshin Properties Corp.

【Head Office】

Hankyu Terminal Bldg., 1-1-4 Shibata, Kita-ku, Osaka, Japan【Representative】

Morotomi Ryuichi【Paid-in Capital】

12.4 billion yen【Revenue】
126.8 billion yen (As of March 2023)【Lines of Business】 Leasing of office and commercial facilities, Real estate development,
Area Management, Real estate funds, Sales of condominiums・landed properties・
residential land plots, Brokerage, Refurbishment, Rental management, Land use
optimization and others【No. of Employees】 Approx. 900 (as of March 2023)◆About PT. Mitra Seraras Sejati【Company Name】

PT. Mitra Selaras Sejati【Head Office】

Jl. Cilebut Raya. Kec Sukaraja Bogor 16710【Representative】

Lakshmi Permata Sari

【Paid-in Capital】

4.6 billion Indonesian Rupiah（Approx. 44 million yen）

【Revenue】

Approx. 63 billion Indonesian Rupiah（Approx. 600 million yen）
（As of December 2022）【Lines of Business】

Development and sales of detached houses and townhouses【No. of Employees】

Approx. 50 （As of July 2023）*1 Indonesian Rupiah=0.0096 yen*News releases written in Japanese are treated as official releases.

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