Real Estate & Urban Development

Our business unit deals with real estate and Urban development business in the region.

In Industrial Park, Since the first industrial park development in Indonesia in 1990, Sumitomo Corporation has been playing a leading role in assisting manufacturers’ production activity through industrial park development for over 30 years. As of 2023, we’ve developed and operated 8 industrial parks in Asian countries. We not only provide comprehensive support to our customers utilizing our strong network and capability as diversified trading and investing firm, but also contribute to the national development of each nation and its people to “achieve prosperity and realize dreams”. Our industrial parks provide best-in-class infrastructure utilities to allow uninterrupted production, and supporting services for sound management of operations such as raw material procurement, logistics services, staff recruitment, and administration support etc. for our tenant companies. Through such “hard and soft infrastructure”, Sumitomo Corporation commits to a long term relationship with our customers as partners. Now Sumitomo Corporation is expanding the portfolio in 6 Nations and 8 Projects in Vietnam, Indonesia, Thailand, Myanmar, Philippines and India. Total Development area is 2,876ha.

In real estate, an office building which prides itself on safety, efficient floor layout and many other cutting-edge functions was developed by Sumitomo in Jakarta (PT Summitmas Property / Summitmas I, II) in 1985. This modern building attracted many foreign companies as their base in the country and we have successfully maintained their satisfaction. Riding on the back of a growing economy and increasing demand in commercial properties in Jakarta, we developed a second office building next to the first one in 1992 and launched warehousing business in 2017. We are now planning to develop a third one.

We also launched our real estate business for condominium development in New Delhi, India. We will continue to seek opportunities in various property development to meet the demand in Asia. We are going to expand the real estate portfolio up in Asia, Indonesia, India, Vietnam and Australia etc.

In Sustainable City, Together with Vietnamese partner, we are planning to develop North Hanoi Sustainable city spanning 272 hectares in the Dong Anh district in northern Hanoi, Vietnam. North Hanoi Sustainable City goes beyond traditional urban development. It aims to continually increase the city’s value during the growth phase by becoming a place that attracts innovative businesses and achieves growth together with the city’s stakeholders. We have defined this concept as the Urban Innovation Platform. As a result, contribution to the solution of social issues is made possible through efforts including environmental and technological development and attracting the engagement of many companies and government institutions.

In Construction Materials Business, SCAO Singapore is importing cement from Japan to Singapore for long time. Singapore is high cement demand market with one of the highest cement consumption volume per capita in the world.

Singapore is not a cement product country because a main raw material of cement, limestone, is not available in the island. Singapore fully relies its supplies of cement on import from other Asian countries. Especially, Japanese cement manufacturers have major market share in the market. Japanese cement has good quality to be satisfied with strict industrial standards in Singapore.

SCAO is continuing to work with steady business partners and contribute to many construction projects in Singapore.