CITY EMPIRE

From a small-town realtor to the world's largest real-estate group.

CITY EMPIRE is a turn-based management sim about running a real estate developer - the sequel to BUILD EMPIRE, and this time you hire the contractor. Acquire, build, lease, sell, and climb to No.1 in the world by assets under management.

■ How it plays
1. Acquire - read the seller's situation, negotiate, and buy listings and land
2. Develop - choose what to build, award the job to a contractor, reach completion
3. Operate - fill the space and let rental income build up month after month
4. Exit - sell, hold, or move it into your own fund. Timing the market is the game

■ Features
- Fully turn-based. Nothing moves until you press "Next month".
- One formula drives every price: value = NOI / cap rate. You raise the NOI; the market sets the cap rate.
- Interest rates and the economy move in cycles. Prices fall as well as rise.
- From a used condo unit to apartments, condominiums for sale, logistics, hotels and city-center offices
- Every seller has a situation - inheritance, relocation, distress. Read it and make your offer.
- Borrowing changes as you grow, up to non-recourse. Four banks, a main bank, and credit crunches in downturns.
- Land tenders, merging lots to raise the floor-area ratio, land-for-floors exchange, coin parking, rebuilds
- Sell condos unit by unit; management fees keep coming after sell-out
- Property events: move-out notices, neighbor complaints, contractor change orders. Your answer changes the outcome.
- Typhoons, floods and earthquakes, and insurance to match
- Urban redevelopment through rights conversion, block development, and new towns beyond No.1
- Private funds and REITs, group companies, M&A, overseas, IPO, and other companies' shares
- ZEB green buildings and staff qualifications
- Land prices based on Japan's official land prices by place name. Taxes include SME relief and like-kind replacement.
- A monthly report down to depreciation, tax and cash flow, all shown whether or not you pay
- Your properties appear in vermilion on a city that changes with season, time and weather
- A world ranking of about 220 companies, plus Game Center leaderboards
- Pay and HR work just as in BUILD EMPIRE
- Achievements, three save slots, iCloud sync. Japanese and English.
- New to this? The home screen tells you your next step and what needs your attention.

■ For players who
- Enjoy management sims with real numbers behind them
- Like real estate and city building
- Played BUILD EMPIRE
- Want a game they can play one month at a time

■ Pricing
Free to play all the way through, with a banner ad. You can reach Stage 6 and world No.1 without paying.
The one-time Premium (Deep mode) purchase removes ads and opens up finer control over decisions you already make. It does not give better listings or better loans.
- Tenants - asking rent per unit (starts at market differentials by floor), condo prices by floor, free rent, countering lease terms, insurance deductibles and flood cover
- Management - property managers, maintenance contractors, energy retrofits, marketing to overseas investors
- Pay and HR - salary and bonus months by grade, benefit program design, qualification support
- Banks and stocks - negotiate rates, terms and covenants; invest in other companies' shares
- Funds - equity share, term and leverage of a private fund; timing and size of REIT offerings
- Listed company - payout ratio, earnings forecast and shareholders' meeting, takeover defenses
- Group companies - subsidiary pay and dividends
- Overseas - an FX hedge per region
No subscription. One payment, yours for good.

Build your empire.

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