HANOI, Vietnam, Nov. 8, 2024 /PRNewswire/ -- The One Destination officially announced an investment agreement with Singapore's Terne Holdings, a multi-sector investment group, and BTS Bernina Private Equity Fund, an Asia-focused regulated mutual fund. Under the agreement, the joint venture arrangement of BTS and Terne Holdings will hold a 30% stake in The One Destination.
The One Destination is the developer of the Haus Da Lat project. The company is a leader in developing ESG real estate in Vietnam, actively engaged in numerous ongoing projects nationwide, and maintains a substantial land reserve. The project spans 5 hectares and has a total investment of VND 1.700 billion (~ USD 68m). It is in a prime area by the serene Xuan Huong Lake, one of Vietnam's most picturesque natural lakes and a symbol of Da Lat.
According to the plan, The One Destination will build Vietnam's first ESG-standard real estate complex on the last remaining prime land in Da Lat's city center. Designed by renowned Japanese architect Kengo Kuma, Haus Da Lat is expected to become a heritage symbol for the 130-year-old city and position Vietnam on the global ESG real estate map.
The decision of the international partners, to select Da Lat as their first investment destination in Vietnam highlights the city's unique appeal. The partners emphasize that in a tropical country like Vietnam, Da Lat - a highland city with year-round cool weather surrounded by tranquil lakes, vast pine forests, magnificent waterfalls, and vibrant flower fields—is a natural masterpiece. This city, often called a "natural heritage," deserves real estate projects that reflect its value.
"We were captivated by Da Lat at first sight, and are proud to be one of the pioneering foreign investors in Da Lat" said the representative of BTS.
On June 20, 2024, the Ministry of Transport issued Decision No. 758/QD-BGTVT to upgrade Lien Khuong Airport to an international airport, igniting a boom in Da Lat's economy, tourism, and the entire Lam Dong province. In the first half of 2024, Lam Dong welcomed 5 million tourists, an increase of over 12%. By the end of 2024, the province is expected to receive 10 million visitors, including 550,000 international tourists. According to the 2030 plan, Lien Khuong Airport will expand to nearly 487 hectares and accommodate 5 million passengers annually, with flights from various countries worldwide.
ESG real estate is gaining traction in many developed countries and is expected to become a significant global trend in the next century. This is why the investors are partnering with The One Destination to launch a new era of ESG real estate in Vietnam, starting in Da Lat and expanding to other projects. With Vietnam's dynamic economy ranking among Asia's top, an average GDP growth of 6-7% annually, and a rapidly growing middle class expected to reach 40% of the population by 2030, the country's real estate market is poised for a significant boom in the ESG segment. Leading companies like The One Destination will have the advantage in shaping this trend. Haus Da Lat is highly valued for its ESG-compliant design, choice of materials, construction, and operations, and focus on the human factor, aligning with the ESG goals, creating long-term value for future generations.
Caroline Lee, Chairwoman of Terne Holdings, affirmed, "Together with The One Destination and BTS, we will create a heritage landmark for Da Lat, Vietnam. We are proud to be among the pioneering foreign investors working alongside Vietnam's real estate developers to build and preserve Da Lat in the face of the city's concrete overdevelopment".
Terne Holdings also stated that the investment in Haus Da Lat aligns with its ongoing ESG strategy. This strategy is based on practical, measurable actions and aligns with 12 United Nations' Sustainable Development Goals (SDGs).
"The best is often saved for last, and Haus Da Lat will be Vietnam's first ESG-standard landmark project, a heritage for Da Lat," said a representative from The One Destination. Five leading international brands are also expected to join forces to create a new icon for Da Lat.
Reference Information
The One Destination stands at the forefront of ESG real estate development in Vietnam. We strive to address environmental challenges, minimize our ecological footprint and enhance the local environment by employing sustainable building materials and energy-efficient technologies.
BTS Bernina Private Equity Fund is an open-end investment company whose size exceeding USD 368 million, with 60% invested in Asia. Over the past three years, the fund's performance has reached 71.9%.
Terne Holdings is a multi-sector investment enterprise based in Singapore focuses on investments in creating ecological spaces that preserve the beauty of nature, prioritize health, and build strong communities.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
The One Destination, together with a Singapore Investor and an Institutional Fund Collaborate to Build Vietnam's First ESG Real Estate Complex in Da Lat.
BANGKOK, Nov. 8, 2024 /PRNewswire/ -- Webull Securities (Thailand) Company Limited ("Webull Thailand"), a subsidiary of Webull Corporation, owner of the popular US trading platform, today announced that it is the first digital broker in Thailand to offer US stock options. The new product offering comes just after Webull Thailand's recent launch of US index options trading for investors, also a first for a digital brokerage in Thailand. This milestone sets a new benchmark in the local brokerage market, expanding investment opportunities for local investors seeking to invest in US stocks.
A Response to Rising Retail Investor Demand
In step with Thailand's rapid adoption of innovative financial technology initiatives, Thailand's retail investors are becoming increasingly sophisticated, which creates demand for greater access to global markets. Leveraging the experience and development of products by Webull's subsidiaries operating in neighbouring countries, Webull Thailand has been able to expedite the rollout of US stock options for local investors.
By offering US stock options alongside Webull Thailand's existing suite of products, investors will now have access to real-time OPRA/CGIF market data, comprehensive trading tools including custom option chains, unilateral option strategies, option stock pickers and price tracking tools. Through these tools, investors will be better equipped to navigate the rising and falling trends of US stocks and indexes, and develope risk management techniques in managing their stock portfolio exposure and performance. Through the Webull platform, investors will also be able to place multiple order types, such as market orders, limit orders, stop orders, stop-limit orders, take-profit stop orders, etc., when trading US stock options. Additionally, within the first month of the launch of US stock options, Webull Thailand will reward investors with zero commission trading.
Webull Thailand's introduction of US index and stock options will further enhance the opportunity to tap into one of the most widely traded financial markets globally, providing a powerful tool for diversifying investment strategies and allowing for risk management, hedging, and alternative investment opportunities. Investors looking to mitigate risk exposure for their existing portfolios can also leverage US index options, which recently launched on Webull. US index options also provide leverage, where investors can control a larger position with a smaller capital outlay, therefore magnifying the potential gains or losses for local Thai investors investing in the US market.
Chonladet Khemarattana, CEO, Webull Thailand, said, "Webull's technology strength and global product suite has enabled us to be the first digital broker in Thailand to offer investors US stock options, providing Thai investors with access to additional tools to diversify their portfolios across our existing suite of US equity products. Using our experience and go-to-market strategies, we remain committed to delivering new innovations and features that will enable investors to take full advantage of global financial markets and instruments."
With this latest offering, Webull aims to solidify its position as a market leader in Thailand's broking industry, delivering cutting-edge products and services tailored to meet the unique needs of Thai investors. Webull Thailand's platform is designed to provide investors with a seamless and enjoyable investing experience. This announcement complements other existing features on the Webull Thailand platform, including 24/5 Thai customer service, competitive and transparent pricing, 24-hour trading, real-time quotes and multi-platform accessibility.
Market commentary and insights by Chonladet Khemarattana, CEO, Webull Thailand
According to Mr. Khemarattana, "With the Fed's recent rate cut and increasing market volatility across the US and Asia-Pacific due to economic and geopolitical uncertainties, the introduction of US stock options in Thailand is timely. Options are especially useful in volatile markets, allowing Thai investors to capitalize on price swings regardless of market direction."
"The Fed's decision to lower interest rates also signals a potential shift towards a more accommodative monetary policy, altering expectations for long-term economic growth of the US which may influence market trends and sentiments and impact the pricing of longer options, therefore, providing investors with alternative investment options through US stock options."
To learn more about Webull Thailand's US stock options product, more information is available on the website: https://www.webull.co.th/en/
ENDS
Media contact:
Cognito for Webull
Webull@cognitomedia.com
About Webull
Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures and fractional shares, through Webull's trading platform. Learn more at https://www.webullcorp.com/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Webull Becomes First Digital Broker in Thailand to Offer US Stock Options for Retail Investors
