TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Co-Living Group HOMA Raises THB 1.2 Billion To Fund Thailand Expansion

Category: Hotels, Posted:17 Jul 2023 | 08:07 am

In partnership with KBank Private Banking and UOB Asset Management Thailand, growing co-living group HOMA has closed a private equity raise of 1.2 billion Thai Baht (USD 34.2 million). The mutual fund was marketed to institutional and high-net-worth investors in Thailand. The proceeds from this capital raising will support HOMA’s commitment to introducing more affordable rental housing projects in Thailand while generating attractive returns to its investors.

HOMA is backed by Asia Capital Real Estate a global real estate private equity firm, and NOON Capital, a Thai residential developer. HOMA primarily targets young professionals, digital nomads, and families with young children, fostering dynamic living environments that encourage interactions among residents. With flexible lease periods ranging from one day to one year, HOMA caters to diverse needs. Sustainability is a key focus, as all HOMA projects are LEED and/or EDGE certified, which has received positive responses from global institutional investors. Additionally, all HOMA projects have secured approval from the Board of Investment (“BOI”) in Thailand, which allows for 100% foreign-owned freehold land ownership and other various incentives, thereby expanding the potential investor base.

The successful fundraise marks a milestone in HOMA’s expansion. With the secured funds, HOMA is positioned to expand on its pipeline, which includes projects in Phuket, Bangkok, and the Northern Thailand region. HOMA currently has two operational projects – HOMA Phuket Town and HOMA Si Racha – in Phuket and Chonburi respectively, and two additional projects under development – HOMA Cherngtalay and HOMA Chalong Bay (under contract) – in Phuket. HOMA Cherngtalay, a 423-unit residential complex located within the bustling Cherngtalay/Bangtao Beach district on Phuket’s west coast, is scheduled to open by the end of 2023, while HOMA Chalong Bay is expected to open in early-2025.

Other News

Read more

Koh Samui Gets New Daily Direct Flights From Singapore

Category: Tourism, Posted:14 May 2024 | 09:32 am In a major boost for Koh Samui tourism, Singapore’s Scoot Airlines has commenced daily flights. Currently, there is a daily flight, with a second flight expected to be added in June of this year. Scoot is a subsidiary of Singapore Airlines. The airline is using Embraer E190-E2 aircraft which accommodate 112 passengers on the route. […]
Read more

The C9 Sessions – Understanding Thailand’s Hotel License Regime and Procedures for Branded Residences, Condo Hotels, Mixed Use Projects and Vacation Rentals

Category: Hotels|Real estate, Posted:13 May 2024 | 16:39 pm Branded residences, condo hotels, mixed-use projects, and vacation home rentals are becoming a significant player in Thailand’s hospitality space. As property developers, real estate investors, and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute co-working lunch learning session about all the moving parts in […]
Read more

Phuket Hotels Association Charity Online Auction Now Open

Category: Hotels|Tourism, Posted:28 Apr 2024 | 09:14 am The Phuket Hotels Association’s absolutely fabulous charity travel sale is now open. This annual event continues to grow with amazing travel stays and other prizes not only in Phuket, but across the region and the world. New items are continuing to be added so check back often. All proceeds go to support over 20 full-time […]
SiaJai logo

Thailand's Leading Homecare Marketplace