New Residential Development Secured in Mambourin, Victoria

In an exciting development, KI-Star Real Estate Australia Pty Ltd and Munjak Pty Ltd, through their joint venture MunCorp Pty Ltd, have successfully secured land for approximately 30 new residential lots in the Mambourin area of Victoria, Australia. This area is located about 35 kilometers southwest of Melbourne’s city center, in the growing Wyndham region.

Mambourin: A Rising Residential Hub

The Mambourin area is quickly becoming an attractive location for families seeking affordable new homes. As more families move into the area, we see an increase in the demand for reasonably priced single-family homes. Mambourin is witnessing rapid urban development, with new residential communities, parks, and commercial facilities being established. This growth is coupled with access to more mature neighborhoods that offer a peaceful environment for residents to enjoy.

The greater western Melbourne area is characterized by vast undeveloped land that is being utilized effectively to accommodate the city's expansion. This includes comprehensive infrastructure development and strategic planning for the establishment of new employment hubs, ensuring the area meets the needs of its growing population.

Project Overview

The project managed by MunCorp Pty Ltd aims to offer a variety of residential lots aimed primarily at meeting the needs of first-time homebuyers and downsizers seeking compact living spaces. The total number of residential lots planned is approximately 30, catering to the rising demand for affordable housing.

About MunCorp Pty Ltd

MunCorp Pty Ltd was established in May 2023 as a joint venture between KAU and Munjak. The company specializes in providing high-quality yet low-priced design homes in Victoria. MunCorp is focused on enhancing living standards by developing townhouses and land that resonate with the regional community's needs. Their goal is to cater to a wide range of homebuyers, including first-time buyers, downsizers, and investors.

Company Background

MunCorp Pty Ltd

- Name: MunCorp Pty Ltd
- Directors: Jake Munday, Masakazu Murayama
- Location: Melbourne, Victoria, Australia
- Capital: AUD 800,000
- Established: May 25, 2023
- Ownership Ratio: KAU 49.9%, Munjak 50.1%
- Business Focus: Residential building, real estate development and management.

KI-Star Real Estate Australia Pty Ltd (KAU)

- Name: KI-Star Real Estate Australia Pty Ltd
- Directors: Keiji Hanawa, Kazuhiko Abe, Yoshihisa Onuma, Masakazu Murayama, Jake Munday
- Location: Melbourne, Victoria, Australia
- Capital: AUD 25,313,796
- Established: May 5, 2021
- Business Focus: Business development in Australia, partnerships with Australian firms, and facilitation of joint ventures and cross-border M&As.

About KI-Star Real Estate Co., Ltd.

Founded on the corporate principle of creating a rich, enjoyable and comfortable living environment, KI-Star Real Estate Co., Ltd. promotes its vision of providing “home ownership for everyone.” The company offers high-quality yet affordable design homes, aiming to expand its share in the residential market through an innovative business model that encompasses all aspects, from procurement to sales. The company operates across Japan, focusing its ventures in residential subdivision projects.

For more detailed information on this venture, including press inquiries, please contact:

KI-Star Real Estate Co., Ltd.
Public Relations Department
Phone: 03-5299-7575
Fax: 03-5299-7562
Email: [email protected]