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's activity report 2022

The main activity of Jaapani Aia Residents OÜ is real estate development.

In 2021, a property located next to the Japanese Garden in Tallinn was purchased for development, where a residential building with five exclusive apartments was planned to be built.

In 2021, the focus was on planning and marketing, and construction activities took place in 2022.

Since general administration, marketing and sales costs are not capitalized, most of these costs fall within the development and construction period, so 2022 ended.

with a loss of 203,033 euros (the loss in 2021 was 103,921 euros) and negative equity. At the time of preparing the report, the first apartment sales contracts are taking place, and the sales revenue for 2023 must cover the losses from previous periods.

The company has no employees and no payments were made to the board. Development, construction and marketing are coordinated by Perton Ehitus OÜ, from whom the corresponding services are purchased.