Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
Straits Developments Pte Ltd, a wholly-owned branch of The Straits Trading Company Ltd, has actually released two new fractionalised real estate investment products under its fractionalised investment real property channel, FIR-ST.
By the end of the five years, preference shareholders may enjoy yields that show a portion in the possible appreciation in worth of the underlying real estate via an unique payout. The rewards as well as exclusive payout are non-guaranteed and also dependent on performance.
One is a Good Class Bungalow (GCB) at 8A Cable Street, section of the notable Chatsworth/Bishopsgate/Jervois/ Cable Roadway GCB place. The other is a unit in the 999-year leasehold, 120-unit exclusive condominium, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah location. Both real properties are located in top District 10.
Eric Teng, group COO and CEO of Straits Developments Pte Ltd, states, “FIR-ST is a distinct investment service that delivers diversity for financiers that wish to get presence to Singapore residential realty in bite-sized portions.”
Throughout the investment period, the underlying real properties remain to be owned by the occurring owners while capitalists delight in a portion of the business revenues.
The minimal investment amount is $200,000 for the Duchess Residences condominium unit along with $500,000 for the GCB at Cable Roadway.
Accredited investors signed up in the Straits Trading Shareholders’ Club can invest in these fractional financial investment goods with selection shares. As preference shareholders, they are going to enjoy potential capital appraisal of the underlying assets and any rewards due, which can be paid semi-annually over the financial investment time frame of five years.
