#Australia #Melbourne #MunCorp #KI-Star #Deanside

New Housing Development in Deanside, Australia

KI-Star Real Estate Corporation, based in Honjo, Saitama, is accelerating its overseas growth with a new project in Australia. The company, through its local subsidiary KI-Star Real Estate Australia Pty Ltd (KAU), has collaborated with Munjak Pty Ltd to form a joint venture named MunCorp Pty Ltd. Together, they have secured approximately 230 residential development plots in the Deanside area, located about 25 kilometers west of Melbourne's central business district.

The Deanside Area

Deanside, part of the City of Melton, is witnessing substantial growth, evidenced by ongoing large-scale land development and infrastructure improvements. This area is the second site for residential development, following a successful initial project. Deanside offers convenient access to the Western Freeway, facilitating smooth commuting to Melbourne’s city center, the airport, and major employment hubs in the west. The population in this developing area is on the rise, spurred by the expansion of educational and public facilities, as well as the improvement of residential environments featuring parks and shopping centers. Already, the success of the first residential project in Deanside indicates promising future growth and demand in this location.

Project Overview

• - Purpose: Residential land development
• - Total Plots: Approximately 230 (planned)

About MunCorp Pty Ltd

MunCorp Pty Ltd was established in May 2023 as a joint venture between KAU and Munjak. This company focuses on supplying high-quality yet affordable housing designs in Victoria, catering to local needs and improving residents' quality of life. The company aims to create accessible housing options for a diverse clientele, including first-time homebuyers, downsizers, and investors.

Corporate Details of MunCorp Pty Ltd

• - Company Name: MunCorp Pty Ltd
• - Representatives: Jake Munday, Masakazu Murayama
• - Location: Melbourne, Victoria, Australia
• - Capital: 800,000 AUD
• - Established: May 25, 2023
• - Shareholding Ratio: KAU 49.9%, Munjak 50.1%
• - Business Activities: Single-family home development, sales, and real estate management

About KI-Star Real Estate Australia Pty Ltd (KAU)

• - Company Name: KI-Star Real Estate Australia Pty Ltd
• - Directors: Keiji Hanawa, Kazuhiko Abe, Yoshihisa Onuma, Masakazu Murayama, Jake Munday
• - Location: 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

About KI-Star Real Estate Corporation

Adopting the management philosophy of "creating a rich, enjoyable, and comfortable life," KI-Star Real Estate focuses on providing high-quality yet affordable residential designs to ensure everyone can own their home. Their unique business model allows them to expand their market share in residential housing through an integrated approach from procurement to sales. The company has a strong presence in various locations across Japan, mainly in the Kanto region, with projected sales of 342.5 billion yen for the fiscal year ending in March 2025.

• - Company Name: KI-Star Real Estate Corporation (Stock Code: 3465, Tokyo Prime Market)
• - CEO: Keiji Hanawa
• - Location: 762-1 Nishitomida, Honjo, Saitama
• - 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/

For further inquiries, members of the press can contact the Public Relations Department of KI-Star Real Estate Corporation at 03-5299-7575 or via email at [email protected].