Growth Momentum

2 months ago . 2 min read
SA
Growth Momentum

Daha Private Capital, the family office of the Daha Family, has continued its strategic expansion from its head office in Singapore. The company continues to invest in its core hotel business by diversifying further into property development in Australia and Indonesia.

Daha Resorts, a division of Daha Private Capital, keeps on expanding its geographical footprint in Asia. While the pandemic has delayed tourism projects globally, the team at Daha Resorts has remained focused on developing world-class properties with a long-term view of the industry. The Claremont Resort Bali, which has completed construction and is set to open on 15 February 2021, will be the latest addition to Daha’s luxury resort portfolio.

As the Claremont Resort Bali was being completed, the Daha Resorts team was at the same time getting their Maldives Resort development off the ground! The $10 million Maldives Project is currently in the early stages of planning. It is located in Noonu Atoll—a luxury atoll in the Maldives where its neighbors consist of Cheval Blanc, a Louis Vuitton branded property, along with several other 5-star resorts.

Daha Private Capital will launch their latest property development—a gated townhouse project—in the fashionable Seminyak, Bali. The project will consist of 36 one-, two- and three-bedroom luxury townhouses, each with its own pool and rooftop deck with views to the beach. Residents will enjoy 24/7 security, an exclusive gym, chauffeur vehicle for residents, and landscaped gardens. They will also be able to lease their townhouses on a short-term or long-term basis.

The initial marketing campaign for the $7 million projects has gained a strong level of interest from both domestic and international buyers. The developer will offer attractive payment plans to select purchasers, with prices starting from $250,000.

Another part of the strategic diversification into property development, Daha Private Capital has wasted no time in capitalizing on the residential market in Australia. The real estate division has invested $8.5 million in Melbourne, Victoria with several residential projects commencing construction in March 2021. Meanwhile, the residential construction in western Victoria, an area that has seen significant growth, will commence in the coming weeks.

Managing director of Daha Private Capital, Jay Daha, is committed to strategic expansion, stating “We are constantly presented with great opportunities in Asia and Australia, which we are actively pursuing. The pandemic has created a far greater desire to diversify our footprint, whilst maintaining a strong level of commitment to the hotel industry.”

As the company continues to grow, a public listing in Singapore is progressing well. For further details on projects or resort bookings please refer to www.daharesorts.com

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