RENOVERU Takes Its First Steps into Asia with New Subsidiaries in Singapore and Thailand

RENOVERU's Expansion into Asia

RENOVERU Co., Ltd., a leading renovation platform based in Minato, Tokyo, is taking significant steps to expand its presence in Asia. The company recently established two subsidiaries, RENOVERU GLOBAL PTE. LTD. in Singapore and RENOVERU (THAILAND) CO., LTD. in Thailand. This marks an exciting new chapter for RENOVERU as they prepare to launch their first renovation project in Bangkok.

Background of Entry into the Thai Market

Thailand is currently experiencing a demographic shift with its population peaking and subsequently declining, signaling a transitional phase for the new condominium market. In the heart of Bangkok (CBD), while the prices for new condominiums continue to surge and the average floor space is decreasing, the secondary condominium market offers compelling opportunities. Unlike new properties, these older condominiums provide ample space at more affordable prices, making them an attractive option. However, compared to Japan, Thailand's secondary condominium market lacks robust standards for renovation and appraisal, which has limited buyer confidence.

For the past 15 years, RENOVERU has successfully renovated over 8,000 properties in Japan. They have established a culture of value regeneration, reshaping the preconceived notions surrounding older properties. By leveraging their expertise gained in the Japanese market, RENOVERU aims to create a more reassuring environment for the circulation of secondary condominiums in Thailand.

Details on the Initial Renovation Project

The company has begun renovation work on its first property, in partnership with Japanese investors based in Singapore. This project involves a 166 square meter unit in a 28-year-old condominium located in the Sukhumvit area of Bangkok. The plan is to conduct a complete skeleton renovation, which includes dismantling the old interior and reconfiguring the layout to align with modern lifestyles. This strategic approach aims to maximize the property's inherent value. Completion for this renovation is projected for October.

Future Developments and Partner Network Construction

Recognizing the emerging demand for investment in Thailand's secondary condominium market, RENOVERU is focused on building a robust network of partnerships on the ground. This includes collaboration with construction partners, real estate procurement and sales partners, and other real estate investors. Additionally, RENOVERU has already executed preliminary market research that confirms the renovation needs within the local context. The aim is to offer condominium renovation services in Bangkok and implement their well-established one-stop service of “中古コンドミニアム購入＋リノベーション” (purchasing and renovating secondary condominiums), which has ranked number one in Japan.

Furthermore, in Singapore, RENOVERU is also advancing the establishment of collaborative frameworks with local real estate players and construction companies. Through partnerships, RENOVERU aims to export Japanese-quality secondary condominium circulation and renovation processes, starting from Singapore and Thailand, to promote a culture of stock utilization and renovation throughout Asia.

Company Overview

RENOVERU GLOBAL PTE. LTD.
Location: 18 Robinson Road, #20-02, 18 Robinson, Singapore 048547
Director: Tomohiro Yamashita
Established: July 29, 2025

RENOVERU (THAILAND) CO., LTD.
Location: 587/1-2 Rama 3 Road, Bang Phongphang, Yan Nawa, Bangkok 10120
Director: Shinichi Yamazaki
Established: April 29, 2026

RENOVERU Co., Ltd.
Founded in April 2010, RENOVERU aims to construct an integrated renovation platform that promotes the circulation and utilization of real estate stocks owned by individuals and corporations while matching suppliers with clients. They work with over 500 partner companies nationwide and offer the number one one-stop service in Japan for finding and renovating secondary condominiums. For corporate clients, they provide solutions for strategic urban development and effective utilization. Additionally, RENOVERU supports suppliers with management, operations, and digital transformation tailored for renovation projects.

For more information, visit RENOVERU Corporate Website.