Regional Benchmark · August 2026

The region has
proven the club.
Bali is the gap.

A benchmark of the exclusive private members clubs of Southeast Asia, Hong Kong, Japan, and Australia: who owns them, who funds them, what they charge, and where The Line sits. Compiled from public sources, August 2026.

26 Clubs
Benchmarked
9 Markets
SEA · HK · Japan · Australia
$2.7B
Soho House Take-Private
Zero
Exclusive Clubs in Bali
Contents

Five sections. One conclusion.

01The Category Now: Why This Moment 02The Map: Who Is Doing What 03The Gap: Bali Has No Club 04How The Line Compares 05What the Region Proves
01 · The Category Now

The club is the asset class of the decade.

The private members club has become an institutional asset class. In January 2026 Soho House & Co closed its $2.7 billion take-private, led by MCR Hotels with Ron Burkle's Yucaipa, at roughly 16 times EBITDA. That transaction is the category's valuation reference, and it repriced every serious club in the world.

Across Asia-Pacific the category is in visible expansion. Soho House opened Tokyo in April 2026 and has broken ground in Sydney. Aman launched its global Aman Club and opened its Bangkok club floor in 2025. Rosewood built Carlyle & Co. as an exportable brand. In Singapore, the ICON1C platform (Patrick Grove and Mandala Club founder Ben Jones) raised S$10M entirely from its own members in February 2026 and is consolidating club brands, with Indonesia and Japan named in its pipeline. In Australia, GURNER's Saint Haven has turned a wellness members club embedded in residences into a national rollout with 500-member caps and a waitlist that peaked at 20,000 names.

The failures are as instructive as the wins. 1880 closed both Singapore and Hong Kong in 2025: an undercapitalized, multi-city expansion, paying rent on every site, with no property anchor beneath it. The clubs that endure share one trait: deep capital behind them and real estate under them.

~16×
EBITDA · Soho House
The take-private multiple, Jan 2026. The Line underwrites its exit at 12×, a deliberate discount.
20,000
Peak Waitlist · Saint Haven
For a 500-member wellness club in Melbourne at A$10,000 to A$40,000+ per year.
$22K to $42K
Joining · Janu Tokyo
A 4,000 m² wellness floor anchors one of Tokyo's most expensive memberships. Aman Club runs $100K initiation.
S$10M
Raised From Members · ICON1C
Mandala's platform raised expansion capital from ~20 of its own members and stakeholders, Feb 2026.
02 · The Map

Who is doing what, market by market.

The benchmark covers exclusive, vetted-membership clubs only: application, committee, invitation, or waitlist-gated. Open-access wellness clubs and legacy country clubs are excluded. Fees are converted to US dollars at August 2026 rates and rounded; several clubs publish no pricing (marked n.p.). The full workbook, with sizes, member counts, architects, and developers per club, sits in the data room.

SEA · Singapore
ClubOpenedModelJoiningAnnual DuesOwnership & Backing
Mandala Club2021Culture and gastronomy social club; racquet club Sentosa 2026~$4,100~$1,860Ben Jones / Mandala Group; ICON1C alliance (Patrick Grove), S$10M member raise
67 Pall Mall2022Fine-wine club; 3,500 members in Singapore~$1,560~$3,745Grant Ashton; each club capitalized by member-investors (106 in SG)
The Nanson2025Cultural salon club on the former 1880 site; spa, coworking, hotel adjacency~$4,680n.p.RB Group / RB Capital (Kishin RK), the building's owner-developer
Madison House2025 to 2026Wellness and longevity club: padel, pools, Longevity Suite clinicn.p.n.p.Sunset Hospitality Group, Dubai (Antonio Gonzalez)
VANTA2026Business and legacy club, women-forward governance~$4,680~$5,300Private; S$30M build
SEA · Bangkok, Jakarta, Manila, Vietnam
ClubOpenedModelJoiningAnnual DuesOwnership & Backing
Soho House Bangkok2023Creative-industries house, garden pool, first House in SEAn.p.~$1,850 to $4,150Soho House & Co (MCR / Yucaipa)
Aman Club, Nai Lert2025Ultra-luxury club floor + 1,500 m² spa in the Aman towerInvitationn.p.Aman Group (Vlad Doronin) with Nai Lert Group
The Consul2025 to 2026Supper club, bars, and a Jackson Wang members nightclubn.p.n.p.Private Thai backers
The Summit Club2025Business and recreation city club, WTC Jakarta; IAC reciprocal networkn.p.n.p.WTC Jakarta complex
Manila House2017Creative and business establishment club, BGC~$5,900~$825Founding families (Magsaysay Ho and partners)
HAUS Private Club, Da Lat2025Ultra-private estate club: Kengo Kuma clubhouse, Chiva-Som wellness, residencesInvitationn.p.The One Destination; Terne Holdings; BTS Bernina PE
Greater Asia · Hong Kong
ClubOpenedModelJoiningAnnual DuesOwnership & Backing
Carlyle & Co.2021Ultra-luxury residential-style club atop Rosewood; 8 guest suites~$11,280~$3,700Rosewood Hotel Group (Sonia Cheng / Chow Tai Fook)
Soho House Hong Kong201928-storey house: club, gym, rooftop pool, 9 coworking floors~$635~$2,500Soho House & Co (MCR / Yucaipa)
Club Bâtard2024Wine club, Pedder Building; capped at 1,200 membersto ~$19,200~$2,300Michael Wu (The Fine Wine Experience) + Randy See
1880 Hong Kong2024, closed 2025The cautionary case: closed after seven months with ~US$2.6M owedn/an/aUndercapitalized expansion; brand later acquired by ICON1C
Greater Asia · Tokyo
ClubOpenedModelJoiningAnnual DuesOwnership & Backing
Soho House Tokyo20266,968 m² house: 42 bedrooms, rooftop infinity pool, cabaret roomn.p.~$3,370 to $4,130Soho House & Co (MCR / Yucaipa)
Janu Tokyo Wellness Collective20244,000 m² wellness floor: lap pool, banya, hammam, five studios~$22K to $42K~$7,040Aman Group (Janu); Mori Building tower
Aman Tokyo / Aman Club2014 / 2022Capped spa membership; global Aman Club at $100K initiation~$51K / $100K~$5K to $15KAman Group
Roppongi Hills Club2003Executive dining club, 51st floor Mori Tower~$11,700~$1,760Mori Building / Mori Hospitality
Australia
ClubOpenedModelJoiningAnnual DuesOwnership & Backing
Saint Haven2023, multi-siteWellness and longevity club embedded in residences; 500-member caps; Sydney, Dubai and US rolloutn.p.~$7.7K to $26K+Tim Gurner / GURNER Group
Soho House Sydney2028Five-level house, Darlinghurst; ground broken 2026TBA~$3,100 (ref.)Soho House & Co (MCR / Yucaipa)
The Pillars2025Business and lifestyle club, heritage bank; 88% first-year renewal~$3,250~$13,000Steve Grace + founder group
The Sandstones Club2026Executive club with longevity lounge, Capella Sydney precinctn.p.~$19,500Soren Trampedach; Pontiac Land (Kwee family, Singapore)
Sanctum2025Sports, culture and entertainment club opposite the MCGn.p.~$3,400Andrew Demetriou
67 Pall Mall Melbourne2026Fine-wine club, Spring Street; first Australian outpost~$1,460~$2,275Grant Ashton; ~200 member-investors
Lawson Flats2023New-wave creative social club, Perth heritage building~$650~$1,900Fini family (Fini Group)

Fees are published rates converted to USD and rounded; ranges reflect tier structures. n.p. = not published. Sources: club websites and press coverage, August 2026.

03 · The Gap

Bali has the demand. Bali has no club.

Every major market in the region now has at least one exclusive members club. Bali, the region's wellness capital, has none. The island's club scene is open-access: wellness clubs selling day passes and monthly plans at roughly $130 to $250 per month, with no vetting, no cap, and no community gate. They prove the corridor's demand for premium wellness, and they leave the entire exclusive tier unserved.

The ultra tier of Southeast Asia today consists of exactly two clubs, Aman's Bangkok club floor and HAUS Da Lat in Vietnam. Both are invitation-only. Both are anchored to real estate, a hotel tower and a residential estate. Neither is in Indonesia. Meanwhile the region's most sophisticated club operators are circling: ICON1C names Indonesia in its expansion pipeline, and Mandala's founder already operates venues on the island.

The window is real, and it is visibly closing.

The White Space
Bali receives the region's deepest wellness-travel demand and hosts none of its exclusive clubs. The Line takes the model the region has already proven, the vetted, capped, wellness-led club anchored to its own real estate, to the one market that has everything except the club.
04 · How The Line Compares

Priced at the peer median. Structured like the survivors.

~$4,700
Peer Median Joining Fee
Across published rates in the benchmark. The Line's Regular tier joins at $4,500.
~$3,700
Peer Median Annual Dues
The Line's Regular tier runs $395 per month, a Year-1 all-in of $9,240, at the peer median for a full-stack club.
$25K
Founders Reserve Joining
40 seats. Sits well inside the ultra band the region already pays: Janu ~$22K to $42K, Aman Club $100K.
5
Verticals, Designed In
Training, bathhouse and recovery, listening library and bar, F&B and workspace, rooftop pool and events. The full-stack day, not a retrofit.
DimensionThe Region, August 2026The Line
Business model Two survivor models: deep-parent clubs backed by landlord or family capital (The Nanson / RB Capital, Carlyle & Co. / Chow Tai Fook, Sandstones / Pontiac Land, Saint Haven / GURNER), and member-capitalized venues (67 Pall Mall). The failure mode is rent-paying, venture-thin expansion (1880). Owns its 40-are freehold campus via PT PMA. No landlord. Single flagship before platform. One $8.0M round with a 20% construction contingency; breakeven at ~295 of 1,500 members.
Club + residences The proven growth engine: Saint Haven embeds clubs in GURNER towers; HAUS Da Lat pairs club, residences, and Chiva-Som wellness; Aman Nai Lert stacks club, spa, and residences; Soho House Tokyo runs 42 bedrooms. 18 members-only residences on the club campus fund the build through pre-sales, then operate as a managed-residence hospitality layer. Resale is restricted to members.
Wellness The 2025-26 arms race: Saint Haven's eight pillars and preventative-medicine Lab; Madison House's Longevity Suite; Janu's 4,000 m² floor; Sandstones' longevity lounge; Mandala adding racquet and recovery. Training and bathhouse-and-recovery are two of five verticals from day one, built for the island the region's wellness travelers already fly to.
Scarcity Caps and waitlists drive the category: Saint Haven 500 per site with a 20,000-name peak waitlist; Club Bâtard capped at 1,200; Aman invitation-only. 1,500-member cap, 325 founding-tier seats, 40 Founders Reserve seats, 18 residences. Scarcity is the product.
Exit reference Soho House & Co taken private at ~16× EBITDA ($2.7B, January 2026), the category's valuation print. Underwritten at 12×, a deliberate discount to the category reference, with 14× reserved for the proven, multi-market case.
05 · What the Region Proves

Five lessons, all designed into The Line.

The benchmark is not decoration. Each finding maps to a structural choice in The Line's model, and to a live conversation the project can now open with the region's club owners, operators, and reciprocity networks.

Next: the full benchmark workbook, club by club, with sizes, member counts, owners, investors, architects, and developers, is available in the data room. Ian Chadsey · ianchadsey@thelinebali.com · +1 347 301 3146 · schedule a call.