SYLA Technologies Announces Sale Of Condominium Development Site In Shimo-Meguro, Tokyo
Portfolio Pulse from Happy Mohamed
SYLA Technologies Co., Ltd. (NASDAQ:SYT) has announced the sale of a condominium development site in Tokyo, Japan through its subsidiary, SYLA Co. The sale is part of SYLA Co.'s real estate development and management strategy, which includes third-party projects and comprehensive services for condominium development, leasing, and building management. The revenue from this sale has already been included in the consolidated earnings forecast for the fiscal year ending December 31, 2023.
August 30, 2023 | 12:39 pm
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SYLA Technologies has sold a condominium development site in Tokyo, which is part of its real estate strategy. The revenue from this sale is included in the FY2023 earnings forecast.
The sale of the condominium development site is part of SYLA Technologies' real estate strategy. While the sale could potentially bring in significant revenue, the company has already included this revenue in its earnings forecast for FY2023. Therefore, the impact on the stock price in the short term is likely to be neutral.
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