SYLA Technologies Co., Ltd. (NASDAQ:SYT) ("SYLA" or "the Company"), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that its wholly owned subsidiary, SYLA Co., Ltd., (Representative Director: Yoshiyuki Yuto) ("SYLA Co.") has completed and sold SYFORME SUMIYOSHI II at the end of March.
Overview of the Property
Location: Ojima, Koto-ku, Tokyo
Property Type: Condominium
Structure: Reinforced concrete (13 floors above ground, 46 units)
Settlement Date: April 26, 2024
About the SYFORME Series
SYLA Co. is dedicated to developing profitable real estate, with a particular focus on Tokyo's 23 wards and the central districts of Yokohama and Kawasaki. Among these areas, SYLA Co. develops its signature condominium brand, the SYFORME series, strategically situated within a 10-minute walking distance from stations, offering convenience for commuters seeking both style and accessibility.
Impact on Business Performance
The impact of this transaction has already been incorporated in the business forecast for FY2024/12, as announced on January 25, 2024. The Company will promptly disclose any matters that should be announced in the future.