Secures Approximately 110 New Residential Development Lots to Accelerate Overseas Growth
Key facts
- Secures Approximately 110 New Residential Development Lots to Accelerate Overseas Growth
- MunCorp Pty Ltd, a joint venture between KI-Star Real Estate Australia Pty Ltd and Munjak Pty Ltd, has secured approximately 110 residential development lots in Epping, located north of Melbourne’s central area. This acquisition marks a significant step in expanding the company's overseas operations.
- Source: PR Times
- Date: June 19, 2026
Direct answer
MunCorp Pty Ltd, a joint venture between KI-Star Real Estate Australia Pty Ltd and Munjak Pty Ltd, has secured approximately 110 residential development lots in Epping, located north of Melbourne’s central area. This acquisition marks a significant step in expanding the company's overseas operations.
- Citation
- Secures Approximately 110 New Residential Development Lots to Accelerate Overseas Growth (June 19, 2026), PR Times
- Source
- PR Times
- Date
- June 19, 2026
MunCorp Pty Ltd, a joint venture between KI-Star Real Estate Australia Pty Ltd and Munjak Pty Ltd, has secured approximately 110 residential development lots in Epping, located north of Melbourne’s central area. This acquisition marks a significant step in expanding the company's overseas operations.
📋 Article Processing Timeline
- 📰 Published: June 19, 2026 at 23:00
- 🔍 Collected: June 19, 2026 at 14:18
- 🤖 AI Analyzed: June 19, 2026 at 20:38 (6h 19m after Collected)
KI-Star Real Estate Co., Ltd. (Head Office: Honjo City, Saitama Prefecture; President & CEO: Keiji Hanawa; hereinafter "the Company") announces that its Australian subsidiary, KI-Star Real Estate Australia Pty Ltd (Head Office: Victoria, Australia; hereinafter "KAU"), together with Munjak Pty Ltd (Head Office: Victoria, Australia; hereinafter "Munjak"), has secured approximately 110 residential development lots through their joint venture company, MunCorp Pty Ltd (Head Office: Victoria, Australia; hereinafter "MunCorp"), in the Epping area north of Melbourne’s central district.
About the Epping Area
The development site is located in the Epping area within the City of Whittlesea, approximately 25 km north of Melbourne’s central business district. One of the fastest-growing regions in metropolitan Melbourne, Epping offers existing infrastructure such as large shopping centers and train stations, combined with abundant natural surroundings typical of Australia. This makes it a highly desirable residential area, particularly popular among families with children.
Moreover, the Epping area is generating diverse employment opportunities in healthcare, business, IT, and retail sectors, supporting expectations for continued population growth and sustainable development.
【Project Overview】
Use: Residential land subdivision
Total number of lots for sale: Approximately 110 (planned)
■ About MunCorp (MunCorp)
Established in May 2023 (※1), MunCorp is a joint venture between KAU, the Company’s Australian subsidiary, and Munjak. The company specializes in delivering high-quality yet affordable design homes, townhouses, and land development projects tailored to local needs, aiming to enhance residents’ quality of life across Victoria. MunCorp focuses on providing accessible housing solutions for first-time homebuyers, downsizers seeking more compact living spaces, and investors.
※1…Establishment of a joint venture for residential and real estate development in Victoria, Australia (May 26, 2023)
https://ki-group.co.jp/wp/wp-content/uploads/2023/05/2023.05.26_Australia_newcompany.pdf
■ About MunCorp Pty Ltd
【Company Overview】
Company Name: MunCorp Pty Ltd
Representatives: Jake Munday, Masakazu Murayama
Head Office: Melbourne, Victoria, Australia
Capital: 800,000 AUD
Established: May 25, 2023
Ownership Ratio: KAU 49.9%, Munjak 50.1%
Business Activities: House and real estate development, sales, real estate development management
■ About KI-Star Real Estate Australia Pty Ltd (KAU)
【Company Overview】
Company Name: KI-Star Real Estate Australia Pty Ltd
Directors: Keiji Hanawa, Kazuhiko Abe, Yoshihisa Konuma, Masakazu Murayama, Jake Munday
Head Office: Melbourne, Victoria, Australia
Capital: 25,313,796 AUD
Established: May 5, 2021
Business Activities: Business development in Australia, partnerships, joint ventures, and cross-border M&A with Australian companies
■ About KI-Star Real Estate Co., Ltd.
Guided by the management philosophy of “Creating rich, enjoyable, and comfortable lifestyles” and the vision of “A home for everyone,” the Company provides “high-quality, yet low-cost design homes.”
Through its unique business models—the “KEIAI Platform,” which integrates procurement through sales, and “compact detached homes”—the Company aims to expand its market share in the housing subdivision sector.
The Company operates nationwide, with a focus on the Greater Tokyo Area. For the fiscal year ending March 2026, it achieved sales of 393.9 billion yen (consolidated group figure), selling 9,489 units annually, including land.
【Company Overview】
Company Name: KI-Star Real Estate Co., Ltd. (TSE Prime Market Code: 3465)
Representative: President & CEO Keiji Hanawa
Head Office: 762-1 Nishitoda, Honjo City, Saitama 367-0035, Japan
Capital: 4,818 million yen (as of March 31, 2025)
Established: November 1990
Employees: 2,664 (consolidated, as of March 31, 2025)
URL: https://ki-group.co.jp/
Business Activities: Housing subdivision, resale home renovation, custom-built homes, stock business, apartment development, income-generating properties, condominium sales, franchise operations, overseas business, and more
【Press Release PDF】
https://ki-group.co.jp/news/pdf/1781739690_2026.06.19_kaigaijigyo_siire.pdf
【Media Inquiries】
Public Relations Department, PR Section
KI-Star Real Estate Co., Ltd.
TEL: +81-3-5299-7575 FAX: +81-3-5299-7562 E-mail: press@ki-group.co.jp
About the Epping Area
The development site is located in the Epping area within the City of Whittlesea, approximately 25 km north of Melbourne’s central business district. One of the fastest-growing regions in metropolitan Melbourne, Epping offers existing infrastructure such as large shopping centers and train stations, combined with abundant natural surroundings typical of Australia. This makes it a highly desirable residential area, particularly popular among families with children.
Moreover, the Epping area is generating diverse employment opportunities in healthcare, business, IT, and retail sectors, supporting expectations for continued population growth and sustainable development.
【Project Overview】
Use: Residential land subdivision
Total number of lots for sale: Approximately 110 (planned)
■ About MunCorp (MunCorp)
Established in May 2023 (※1), MunCorp is a joint venture between KAU, the Company’s Australian subsidiary, and Munjak. The company specializes in delivering high-quality yet affordable design homes, townhouses, and land development projects tailored to local needs, aiming to enhance residents’ quality of life across Victoria. MunCorp focuses on providing accessible housing solutions for first-time homebuyers, downsizers seeking more compact living spaces, and investors.
※1…Establishment of a joint venture for residential and real estate development in Victoria, Australia (May 26, 2023)
https://ki-group.co.jp/wp/wp-content/uploads/2023/05/2023.05.26_Australia_newcompany.pdf
■ About MunCorp Pty Ltd
【Company Overview】
Company Name: MunCorp Pty Ltd
Representatives: Jake Munday, Masakazu Murayama
Head Office: Melbourne, Victoria, Australia
Capital: 800,000 AUD
Established: May 25, 2023
Ownership Ratio: KAU 49.9%, Munjak 50.1%
Business Activities: House and real estate development, sales, real estate development management
■ About KI-Star Real Estate Australia Pty Ltd (KAU)
【Company Overview】
Company Name: KI-Star Real Estate Australia Pty Ltd
Directors: Keiji Hanawa, Kazuhiko Abe, Yoshihisa Konuma, Masakazu Murayama, Jake Munday
Head Office: Melbourne, Victoria, Australia
Capital: 25,313,796 AUD
Established: May 5, 2021
Business Activities: Business development in Australia, partnerships, joint ventures, and cross-border M&A with Australian companies
■ About KI-Star Real Estate Co., Ltd.
Guided by the management philosophy of “Creating rich, enjoyable, and comfortable lifestyles” and the vision of “A home for everyone,” the Company provides “high-quality, yet low-cost design homes.”
Through its unique business models—the “KEIAI Platform,” which integrates procurement through sales, and “compact detached homes”—the Company aims to expand its market share in the housing subdivision sector.
The Company operates nationwide, with a focus on the Greater Tokyo Area. For the fiscal year ending March 2026, it achieved sales of 393.9 billion yen (consolidated group figure), selling 9,489 units annually, including land.
【Company Overview】
Company Name: KI-Star Real Estate Co., Ltd. (TSE Prime Market Code: 3465)
Representative: President & CEO Keiji Hanawa
Head Office: 762-1 Nishitoda, Honjo City, Saitama 367-0035, Japan
Capital: 4,818 million yen (as of March 31, 2025)
Established: November 1990
Employees: 2,664 (consolidated, as of March 31, 2025)
URL: https://ki-group.co.jp/
Business Activities: Housing subdivision, resale home renovation, custom-built homes, stock business, apartment development, income-generating properties, condominium sales, franchise operations, overseas business, and more
【Press Release PDF】
https://ki-group.co.jp/news/pdf/1781739690_2026.06.19_kaigaijigyo_siire.pdf
【Media Inquiries】
Public Relations Department, PR Section
KI-Star Real Estate Co., Ltd.
TEL: +81-3-5299-7575 FAX: +81-3-5299-7562 E-mail: press@ki-group.co.jp
FAQ
What are the features of the Epping area?
Located about 25km north of Melbourne CBD, Epping offers strong infrastructure and natural surroundings, popular among families.
What kind of company is MunCorp?
MunCorp is a joint venture between KI-Star's Australian subsidiary KAU and Munjak Pty Ltd, established in May 2023.
Who is the target market for this development?
First-time buyers, downsizers, and investors seeking quality, affordable housing in growing suburbs.