HOMA Joint Venture Targets Two Phuket Coliving Projects
A joint venture between Asia Capital Real Estate and Noon Capital is developing two coliving projects in Phuket with plans for four more across Thailand.
In Phuket, the 505-unit HOMA Phuket Town is under construction and will open in Q3 2021. The location is near to Bangkok Phuket Hospital and Rajabhat University.
While the HOME Chergtalay will be 422 units near to Boat Avenue and Porto de Phuket. A late 2022 debut is expected.
HOMA’s focus is on recurring rental yield and not selling real estate. Properties have studio, one, two, and three-bedroom configurations with extensive co-living facilities targeting both domestic and foreign clients with flexible lease terms.
The two principals of HOMA are Luca Dotti and ex-Lehman’s Blake Olafson.