Sustainable real estate asset investments to grow in Asean, says property player Acre

Published Tue, Jun 15, 2021 · 05:50 AM

Singapore

THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.

It comes as UOB Thailand on Monday said it has provided Acre with a 675-million-baht (S$28.8 million) green loan to develop Homa Phuket Town, an environmentally-friendly and affordable residential rental apartment complex in Phuket.

In the next five years, Acre aims to invest more than US$250 million to develop six Homa projects across Thailand, in partnership with Noon Capital, a Thai multi-family housing property developer, said the press release from UOB. They also plan to introduce the brand to other markets across the Asia-Pa…