MELBOURNE, AUSTRALIA, Aug 16, 2022 (GLOBE NEWSWIRE) — Venn HomeSuite, a luxury commercial and residential space offering the highest level of comfort to visitors and travelers, launches jointly owned real estate investment .
The company aims to provide investment opportunities to new and existing investors who believe in the future of tourism and real estate. Interested investors can purchase up to 30,000,000 shares at an issue price of A$0.25 per share to raise A$7,440,000. Additionally, all shareholders are equally ranked.
Capital from potential investors is limited to land acquisition. After acquiring the land, the management team will obtain the relevant permits to allow the development of serviced apartments. Subsequent capital raises will therefore fund property development and building construction.
The investment capitalizes on growing interest in tourism and travel services. Real estate prices will rise by 21% in 2021, according to Malaysia’s National Property Information Center (NAPIC) statistics on real estate market activity in 2021. In 2021 he was visited by 134,728 tourists.
Demand for quality travel and tourism services by clients is therefore growing exponentially and Venn HomeSuite, a provider of premier comforts, is poised to meet the growing needs of domestic and international tourists. . As such, Venn HomeSuite has initiated and is raising funds for partial real estate projects.
To participate in an investment project, you may apply for shares by completing a valid application form in the company’s prospectus or by completing an online subscription form by visiting www.vennhomsuite.com.
About Ven HomeSuite
Venn HomeSuite is a next level tourism and real estate pioneer. The Malaysia-based company develops eco-friendly commercial buildings that combine the comfort and flexibility of homestay accommodation with luxury hospitality. Unlike the less private and more expensive hotels, the Venn HomeSuite allows you to enjoy the peace that the surroundings offer.
Founded by Kevin Wong, a leader with over 20 years of experience in the construction and real estate sector (and also involved in travel agencies), the premier commercial residence is the perfect link between the world of real estate and tourism, with luxury access for everyone. We aim to build relationships. Comfort and hospitality unique to a homestay hotel.
Additionally, Venn HomeSuite has exceeded the targets it set, with an average profit margin of 94% per project. The company has also made a profit of his RM$49.7 million from past sales. These numbers show that Venn HomeSuite can offer investors a better return on investment.
Additionally, the company ensures that they give back to the community. As a result, the company intends to direct a portion of the profits from his Venn HomeSuite business unit to underserved and disadvantaged people in their immediate surroundings. These donations are typically used to procure daily essentials, food and medical needs.
Organizations that have benefited from Venn Group’s commitment to corporate social responsibility (CSR) include Be Home for Special Care Penang, Penang Cheshire Home, St. Joseph’s Home and Sima Handicapped Center.
Further development for the future
After raising target funding from investors, Venn HomeSuite will obtain the necessary development approvals to build the property for tourists and travelers. Additionally, the company aims to tokenize its shares in 2023 after the funding is completed.
From 2024 to 2026, Venn HomeSuite will begin its first construction work, renovating and furnishing the building. Finally, the Certificate of Complete Compliance (CCC) application and Venn HomeSuite Business Launch will take place at the end of 2026.
CONTACT: Stephen kam [email protected] 6012 489 9719