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US rental homes: Daiwa House to invest 150b yen

Firm will develop leasing properties in Texas as Japan's population shrinks

[TOKYO] Daiwa House Industry Co, Japan's biggest homebuilder by market value, plans to invest 150 billion yen (S$1.9 billion) in US rental housing, three times more than it had aimed to allocate to overseas investments, to boost revenue.

Daiwa House will acquire and develop leasing...

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