Ovialand signs partnership with Japan's Takara Leben

Ovialand Inc. entered into a joint venture partnership with Japan’s Takara Leben aimed at developing more affordable housing projects in the Philippines.

During the signing ceremony at Makati Shang-ri La, Ovialand President and Chief Executive Officer Pammy Olivares-Vital announced that Takara Leben would serve as its strategic and financial partner for various regional projects.

She highlighted that the partnership aligns with the group’s long-term goal of expanding in Luzon, Visayas, and Mindanao. The initial project under this joint venture will be Savana South, a 6.5-hectare development offering 657 homes with a total sales value of P2 billion.

“Our joint venture with Takara Leben marks our commitment to continue expanding beyond the core markets we serve and build on the successes we have achieved throughout the years,” Vital said.

She added, “Takara Leben is an experienced developer with a proven track record across various segments of the real estate industry. We are pleased to be their partners in the Philippines as they continue expanding their presence in Southeast Asia.”

Takara Leben Director Hiroshi Iwamoto emphasized that the partnership with Ovialand is in line with the group’s strategy of investing in housing projects in Southeast Asia. "Ovialand fulfills the criteria of a developer that has differentiated itself from competitors and is yet to fully realize its potential. We are excited about the future of our joint venture as we are fully aligned with Ovialand’s core value of bringing the Premier Family Living experience to Filipinos.”

Takara Leben is primarily involved in the development and sale of condominiums, leasing of real estate, and distribution of real estate. It already has a presence in Vietnam and Thailand.