SYLA Receives the Business Award for ZEH-M Oriented Certification and Integration of Energy-Saving Technologies

TOKYO, May 09, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that its wholly-owned subsidiary, SYLA Co., Ltd., (Representative Director: Yoshiyuki Yuto) (“SYLA Co.”), has been honored with the Excellent Business Award in the mid- to high-rise studio condominium category by the Japan Association of Home Suppliers for its brand condominium, SYFORME MOTOMACHI-CHUKAGAI (“the Property”), completed in December 2023.

Background of the Award for the Property as an Environmentally Friendly Initiative
The Japan Association of Home Suppliers sponsors the Excellent Business Awards to recognize outstanding projects by its members, aiming to promote the provision of high-quality housing and living environments while contributing to the sustainable growth of the housing and real estate industry and enhancing the standards of its members. SYLA Co.’s brand condominium, SYFORME MOTOMACHI-CHUKAGAI, was honored with the Excellent Business Award in the mid- to high-rise studio condominium sales category.

The Property holds ZEH-M Oriented certification, emphasizing environmental protection and disaster preparedness. Through enhancements in insulation performance and the installation of energy-saving equipment, the Property has achieved a 34% reduction in primary energy consumption. Furthermore, solar power generation and storage battery facilities have been installed to contribute to environmental conservation, address the challenge of escalating electricity prices, and secure a reliable emergency power supply in times of disaster.

While progress toward carbon neutrality via ZEH certification and solar power integration is underway, introducing such features in mid- and high-rise studio condominium projects has been challenging. The main challenges include limited rooftop space for installation, installation complexities, and high installation and management costs. To overcome these obstacles, SYLA Co. has strategically combined energy conservation, generation, and storage technologies to create value-added, environmentally friendly products that also enhance disaster resilience.