Sandeep Grewal, former mortgage broker, transitioned from failed water vending to co-founding Freeman Education. In 2015, he launched Subhome Management, using tech to manage properties. Tune Group acquired a 50% stake in 2018. Adapting to Airbnb’s growth, Subhome shifted focus to tech solutions for boutique hotels. Amidst COVID, they thrived with long-term stays, validating the model. Revenue hit $2.6M in 2019, dropped in 2020, and rebounded to $1.7M in 2022. Now managing 300 units and a 5-star hotel, Alia Premier KLCC, Sandeep emphasizes the importance of attention to detail in entrepreneurship.
Tune Group and ECM Libra Financial Group, through their joint venture Tune Plato Ventures, have acquired a 50% stake in SubHome, a home-sharing platform. The announcement was made at The Robertson Bukit Bintang, where SubHome operates 200 units. Tune Group co-founder Tan Sri Tony Fernandes highlighted the synergies between Tune Hotels and SubHome, emphasizing their shared disruptive potential. SubHome provides homeowners and developers with an alternative channel to monetize properties and expand lodging options.
Tune Group and ECM Libra Financial Group, through their joint venture Tune Plato Ventures, have acquired a 50% stake in SubHome, a home-sharing platform. The announcement was made at The Robertson Bukit Bintang, where SubHome operates 200 units. Tune Group co-founder Tan Sri Tony Fernandes highlighted the synergies between Tune Hotels and SubHome, emphasizing their shared disruptive potential. SubHome provides homeowners and developers with an alternative channel to monetize properties and expand lodging options, as reported by The Star Online.
KUANTAN, PAHANG – OSK Property has partnered with top property management companies in Malaysia, including Daily Suites, IdealHub, and Subhome, to provide investment solutions for Timurbay Seafront Residences. This exclusive project is set for its handover in August, with approvals still pending.
The Indonesia Proptech Association held a pre-launch event on 17 May 2019, where AirAsia Group’s Subhome Hospitality announced its expansion plans into Indonesia. Subhome Hospitality will collaborate with the Indonesia Property Association to manage rentals of empty apartments, catering to the growing needs of property owners and tenants. This partnership will help Subhome Hospitality establish a strong foothold in the Indonesian market and expand its operations.
In summary, Subhome Hospitality’s expansion into Indonesia, aided by the Indonesia Property Association, showcases the growing importance of the Indonesian market in the global hospitality and property management sector. As Indonesia experiences rapid economic growth and urbanization, the demand for property management services will continue to grow, creating new opportunities for businesses like Subhome Hospitality.
SUBHOME HOSPITALITY, an Indonesia Property Association collaborator, offers unique vacation experiences by integrating comfort and adventure. Through a fusion of inclusive amenities like Wifi, food, and personal space, travelers can experience unforgettable home-sharing experiences.
The platform focuses on revolutionizing the home-sharing market in Indonesia by expanding its inventory of properties. With an extensive list of options, travelers can choose from home, room, and shared space accommodations based on their preferences. Book your dream vacation today with AirAsia’s Subhome Hospitality platform.
KUALA LUMPUR (Sept 25): ECM Libra Financial Group Bhd and Tune Group Sdn Bhd have acquired a 50% stake in SubHome Management Sdn Bhd, a home-sharing platform, through their joint venture Tune Plato Ventures Sdn Bhd. By partnering with SubHome, Tune and ECM Libra can offer more diverse lodging options to travelers, scale SubHome’s operations, and expand its presence outside of Malaysia. SubHome, with 417 units currently operational, plans to list 200 units at The Robertson, Kuala Lumpur, and target 3,000 units by 2019. For the near term, SubHome aims to expand to Selangor, Penang, and Kota Kinabalu.
ECM Libra Financial Group Bhd and Tune Group Sdn Bhd have collaborated to invest in SubHome Management Sdn Bhd, a home-sharing platform. By partnering with SubHome, Tune and ECM Libra can offer a diverse range of accommodation options to travelers while scaling SubHome’s operations.
The companies have also acquired a 50% stake in SubHome through their joint venture Tune Plato Ventures Sdn Bhd. With access to the operational support and expertise from Tune Hotels, SubHome aims to list 200 units at The Robertson, Kuala Lumpur, and expand its presence outside of Malaysia.
The AirAsia X partnership with Home Connect signifies a promising collaboration for Indonesia’s subhome sector. This alliance aims to revolutionize the management and operations of apartments and homes in Indonesia.
Apartment operators have become increasingly popular as a solution to managing units during market downturns. Companies like Subhome Hospitality Group are expanding to Indonesia and taking over apartment management, offering stable income streams for their operations. By managing both the management and marketing of apartments, these operators play a crucial role in the real estate industry’s shift towards collaborative strategies.
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