Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
One is a Good Class Bungalow (GCB) at 8A Cable Route, part of the prestigious Chatsworth/Bishopsgate/Jervois/ Cable Roadway GCB area. The other is a unit in the 999-year leasehold, 120-unit private apartment, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah location. Both real properties are located in top District 10.
By the end of the five years, preference stockholders may enjoy gains that show a piece in the prospective appraisal in worth of the underlying building by using a special payout. The rewards and special payment are non-guaranteed and also dependent on performance.
During the investment time frame, the underlying real estates continue to be owned and operate by the presenting proprietors while financiers delight in a portion of the business revenues.
Eric Teng, group COO as well as chief executive officer of Straits Developments Pte Ltd, states, “FIR-ST is a distinct financial investment service that provides diversity for financiers that wish to obtain exposure to Singapore residential real property in bite-sized fractions.”
Accredited financiers registered in the Straits Trading Shareholders’ Club can buy these fractional venture products through preference shares. As choice stockholders, they will delight in potential funding appraisal of the underlying business along with any type of rewards due, which will be paid off semi-annually within the investment period of 5 years.
Straits Developments Pte Ltd, a wholly-owned branch of The Straits Trading Company Ltd, has introduced 2 brand-new fractionalised real estate assets products within its fractionalised assets real estate platform, FIR-ST.
The smallest investment amount is $200,000 for the Duchess Residences condo unit along with $500,000 for the GCB at Cable Roadway.