UNIKHOMES’S US$30M REAL ESTATE EXPANSION WITH FUNDING ARRANGED BY ASIA PACIFIC INVESTMENT HOUSE IS POSITIVE NEWS FOR SILICON VALLEY HOUSING MARKET
Asia Pacific Investment House (APIH) as Lead Funding Arranger, announced new US$30m offshore, direct real estate investment opportunity open to none US-based Investors.
In 2013 in Phase 1 of its Corporate Expansion Programme, following many years successfully designing and building luxury bespoke Executive Homes and enjoying a 355% growth from 2012 to 2013, Silicon Valley based YoorBuilder became UnikHomes. Now in Phase 2, UnikHomes will invest US$30m into expanding its Property Portfolio and commencing larger scale residential developments.
According to the 2014 Silicon Valley Index, the region is one of the highest income regions in the country, has the biggest share of the nation’s high-growth, high-wage sectors and its total number of jobs has surpassed pre-recession levels, adding 3.4 percent more jobs last year. Such growth and prosperity however, poses challenges with local housing inventory struggling to keep up with demand and scarcity of land and suitable properties resulting in house price increases. In MLSListings February Market Data Report, for a single family home in Santa Clara County the price remains above US$1m and inventory/closed sales have fallen by 13% in February 2014 comparing to February 2013.
With prices starting from US$1.7m, UnikHomes delivers bespoke luxury homes in prime, upscale locations. It’s Core Principles; Quality, Service, Security and Lifestyle along with its experience, team, personal touch and attention to detail set it apart from the rest. Be it modern or traditional style, by implementing a combination of advanced customized home automation and innovative, sustainable green build practices, clients are assured high performance homes that minimize the use of resources and improve energy use.
UnikHomes Founder and CEO Mr. Tom Cao said “Our key expansion project clearly demonstrates UnikHomes’s commitment to reducing the inventory void in the region and we are highly confident that with APIH leading the fund raising we will be able to commence in no time”.