2020-08-31Asia Capital Real Estate and NOON Capital Launch Rental Housing Brand HOMA in ThailandHOMA, a rental housing venture between Asia Capital Real Estate (ACRE) and NOON Capital (NOON), is developing a portfolio of rental apartment properties and co-living spaces which combine residential and hospitality features across Thailand’s major economic centres.The first two projects are in prime Phuket locations. HOMA Phuket Town (opening 3Q 2021) is a 505-unit rental housing property located in Phuket Town, within walking distance of Bangkok Hospital Phuket, Vachira Hospital and Rajabhat University. HOMA Cherngtalay (opening 3Q 2022) is a 422-unit asset located near Bang Tao beach within walking distance to Boat Avenue, Porto de Phuket and Laguna Phuket Resort.Luca Dotti, HOMA’s Co-Founder said, "HOMA provides a place like home with the ultimate service of a hotel that provides privacy when you need it and community when you want it. Co-living in Thailand meets the needs of an emerging generation and older professionals who increasingly are working remotely. What sets us apart is we also cater to families."Dotti went on to add, “We are committed to Thailand and Asia Pacific for the long term. That reflects our confidence in the country and its ability to bounce back as the Thai economic recovery continues to gain momentum.”Blake Olafson, Founder & Managing Partner at ACRE and co-founder of HOMA added, “After investing in more than 20,000 apartments in the United States over the past eight years, we also see a trend developing in Southeast Asia that is making rental property more appealing to young professionals and young families.”Both Phuket properties will offer an attractive combination of affordability, lease flexibility along with great common area facilities and social areas. HOMA designed both Phuket apartments to serve not only young working professionals, leisure and business travellers, digital nomads, and expatriates, but also young families, who are looking for Phuket holiday rentals or long-term professionally managed rental accommodation.