Asahi Kasei-owned NEX Building Group is expanding from home building into Australian land development, targeting 100 lots initially and 350-500 a year within a decade, funded by cheaper Japanese capital. Intrapac Property chief executive Maxwell Shifman says low-cost capital helps developers absorb the delays that plague land development.
As I told the Australian Financial Review: “One of the systemic issues that plague land development is delay,”
I also said: “When they’ve got high cost of capital, that really eats into profit which makes it hard to buy big parcels. If your cost of capital or holding cost is lower, then you’re less impacted by delays and can probably make more projects feasible.”
Australian Financial Review, 17 July 2025 — Read the full article