Syla HD Completes Payment for Acquisition of Development Land for Properties for Sale
Syla HD acquires land for new condominium development in Yochomachi, Shinjuku-ku, Tokyo.
📋 Article Processing Timeline
- 📰 Published: April 1, 2026 at 00:30
- 🔍 Collected: April 1, 2026 at 01:06 (36 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 13:55 (372h 48m after Collected)
Syla Co., Ltd. (hereinafter referred to as "Syla"), a consolidated subsidiary of Syla Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter referred to as "the Company"), today announces that it has completed the payment for the acquisition of development land for properties for sale, as detailed below.
Development Plan Overview
Location | Yochomachi, Shinjuku-ku, Tokyo |
Purpose | Land and condominium |
Site Area | 557.35 m² (Registered Area) |
Total Floor Area | 2,290.65 m² (Planned) |
Structure | 10-story reinforced concrete building |
This property was acquired for the sale of new condominiums for owner-occupiers (newly built condominiums for those purchasing as a primary residence).
The Yochomachi area, where this property is located, is within walking distance of stations on multiple train lines, yet is an area away from the hustle and bustle of the city. It is an area where history and tranquility coexist, having been favored by literary figures during the Edo period.
The Company will continue to actively promote development projects in areas where future asset value appreciation is expected, in order to support the asset building of our customers.
For details, please check our website.
https://syla-holdings.jp/ir/investor_relations/
Future Outlook
The contribution to earnings from the acquisition of this development land is expected to be from the fiscal year ending May 2028 onwards.
Syla Holdings Co., Ltd. Company Profile
Headquarters: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
President and CEO, Group Executive Officer: Hiroyuki Sugimoto
Founded: September 1970
Capital: 2,363 million yen
Business Activities: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
【Inquiries Regarding This Matter】
Syla Holdings Co., Ltd.
Contact: Kubota, Corporate Communication Department
FAQ
What is the purpose of this land acquisition?
It is for the sale of new condominiums for owner-occupiers (newly built condominiums for those purchasing as a primary residence).
What are the characteristics of the development area?
It is an area within walking distance of stations on multiple train lines, yet away from the hustle and bustle of the city. It is an area where history and tranquility coexist.
When is the contribution to earnings from this land acquisition expected?
It is expected to be from the fiscal year ending May 2028 onwards.