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Demand For Luxury Homes In Asia Pacific Is Expected To Attract Players From Other Markets - ConsTrack360
Demand for luxury homes in Asia-Pacific is increasing primarily due to rising number of wealthy individuals, particularly Asians with net assets of US$25 million, and growth in middle income population. According to ConsTrack360, luxury homes are expected to record a CAGR of 9.3% over the next five years.Most of the demand is driven by major cities in the region including Manila, Mumbai, Jakarta, Tokyo, Singapore, Sydney and Chinese cities Beijing, Shanghai, and Guangzho. Demand for luxury housing from tier 2 cities is also increasing.
To capture this rising demand, the UAE-based Kerzner International is planning to develop, market and sell its upmarket nature resorts brand One&Only worldwide, with a focus on the Asia-Pacific region.
One&Only range includes two to six bedrooms, while the price is location and country-specific.
The Dubai-government owned luxury hotelier, which is supported by investment firms Goldman Sachs and Colony Capital, is planning to highlight its Australian best practices and luxury properties such as the Wolgan Valley resort in New South Wales as a benchmark to market its new One&Only Urban Resorts brand.
Kerzner will initially commence the marketing of the luxury brand in Rwanda featuring its new projects Gorilla's Nest and Nyungwe House. Furthermore, it intends to market private homes within its luxury resorts in Mauritius, Mexico and Montenegro.
To get detailed insights and FREE sample report please click here @ https://www.constrack360.com/reportstore/view/Asia-Pacific-Construction-Industry-Databook-4066
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With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com
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