Venn HomeSuite has launched a tourism real estate co-investment that includes real estate and tourism

Melbourne, Australia, Aug. 16, 2022 (GLOBE NEWSWIRE) — Venn HomeSuite, a luxury retail and residential space that provides premium comfort for tourists and travelers, has announced that it will delve into the real estate and tourism industry from the launch of a co-investment in real estate.

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. Also, all shareholders will rank equally.

Capital from potential investors will be exclusively for land acquisition. Upon acquiring the land, the management team will obtain the relevant permits to allow the development of serviced apartments. A subsequent capital increase will therefore finance the development of the property and the construction of buildings.

This investment will benefit from the growing interest in tourism and travel services. According to the National Property Information Center (NAPIC) Malaysia property market activity statistics 2021, property prices jumped 21% in 2021. Furthermore, the Malaysian Tourism Promotion Board (MTPB) added that tourism has increased since the opening of the border and received 134,728 tourists in 2021.

Consequently, customer demand for quality travel and tourism services has increased exponentially, leading the leading comfort provider, Venn HomeSuite, to meet the growing needs of tourists at home and abroad. So Venn HomeSuite launched a partial real estate project and raised funds for it.

To become a part of the investment project, you can apply for shares by completing the valid application form in the company’s prospectus or online subscription form by going to www.vennhomsuite.com

About Venn HomeSuite

Venn HomeSuite is the next-level pioneer of tourism and real estate. The Malaysia-based company is developing an eco-smart commercial building that combines the comfort and flexibility of home accommodation with luxury hospitality. Unlike hotels, which are less private and more expensive, the Venn HomeSuite allows you to enjoy the tranquility that your surroundings have to offer.

Founded by Kevin Wong, a leader with over 20 years of experience in the construction and real estate sector (and also involved in a travel agency), the best trading house strives to create a link between the world of real estate and tourism, where everyone has access to luxury comfort and hospitality in a private hotel.

In addition, Venn HomeSuite has a track record of exceeding set goals as it records a 94% average win rate per project. The company has also made a profit of RM$49.7 million from its past sales. These figures show that Venn HomeSuite is able to provide investors with a better return on their investment.

The company also ensures that they give back to the community. As a result, the company intends to direct a portion of its profit from the Venn HomeSuite business unit to the underserved and disadvantaged in the immediate environment. These contributions are generally used to acquire daily essentials, food items and medicinal needs.

Organizations that have benefited from Venn Group’s CSR (Corporate Social Responsibility) efforts include Be Home for Special Care Penang, Penang Cheshire Home, St. Joseph’s Home and Sima Handicapped Center.

More development for the future

After raising the earmarked funds from investors, Venn HomeSuite plans to obtain the necessary development approvals to build properties for tourists and travelers. The company also aims to tokenize the shares in 2023 after the capital raising is completed.

From 2024 to 2026, Venn HomeSuite will begin the first construction works and will renovate and furnish the building. Finally, the Certificate of Conformity (CCC) application and Venn HomeSuite Business Launch will take place in late 2026.

CONTACT: Stephen kam [email protected] 6012 489 9719

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