Nomura Real Estate has announced plans to develop a new brand of low-cost condominium apartments under the new "Ohana" brand. While Nomura's most well-known "Proud" series of apartment buildings are typically priced from 50 ~ 60 million Yen per apartment, the "Ohana" apartments will be priced between 20 ~ 30 million Yen (255 ~ 385,000 USD) each. They hope to sell over 1000 apartments per year with an annual sales target of 30 billion Yen.

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