Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
Straits Developments Pte Ltd, a wholly-owned subordinate of The Straits Trading Company Ltd, has released two brand-new fractionalised property assets products under its fractionalised assets real estate channel, FIR-ST.
The minimal investment amount is $200,000 for the Duchess Residences apartment unit and $500,000 for the GCB at Cable Road.
One is a Good Class Bungalow (GCB) at 8A Cable Street, area of the notable Chatsworth/Bishopsgate/Jervois/ Cable Road GCB place. The alternative is a unit in the 999-year leasehold, 120-unit exclusive condo, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah area. Both real properties are located in top District 10.
Certified financiers signed up in the Straits Trading Shareholders’ Club can purchase these segmented investment goods with selection shares. As preference stockholders, they are going to enjoy possible capital appraisal of the underlying business and any rewards due, that will be paid for semi-annually within the investment time frame of five years.
By the end of the 5 years, preference investors may indulge in yields that mirror a share in the prospective appraisal in worth of the underlying real estate via an unique payment. The dividends and also unique payout are non-guaranteed plus subject to performance.
Eric Teng, group COO as well as CEO of Straits Developments Pte Ltd, says, “FIR-ST is a special investment service that delivers diversity for financiers that want to gain visibility to Singapore non commercial real property in bite-sized fractions.”
Throughout the financial investment time frame, the underlying real properties continue to be owned and operate by the occurring owners while investors delight in a share of the financial revenues.
