Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
Eric Teng, group COO and also chief executive officer of Straits Developments Pte Ltd, says, “FIR-ST is a special financial investment service that delivers diversity for financiers that want to acquire exposure to Singapore residential real estate in bite-sized portions.”
One is a Good Class Bungalow (GCB) at 8A Cable Road, section of the notable Chatsworth/Bishopsgate/Jervois/ Cable Road GCB area. The alternative is a unit in the 999-year leasehold, 120-unit nonpublic condo, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah place. Both estates lie in best District 10.
Certified financiers signed up in the Straits Trading Shareholders’ Club can buy these shared financial investment products via selection shares. As choice stockholders, they will definitely delight in potential capital appraisal of the underlying assets along with any kind of dividends due, which are going to be paid semi-annually within the financial investment time frame of five years.
During the investment period, the underlying real properties continue to be operated by the occurring proprietors while financiers enjoy a share of the business revenues.
At the end of the 5 years, choice stockholders may indulge in gains which show a share in the possible appraisal in price of the underlying building via an unique payout. The rewards as well as exclusive payment are non-guaranteed plus dependent on quality.
Straits Developments Pte Ltd, a wholly-owned subsidiary of The Straits Trading Company Ltd, has actually launched 2 new fractionalised real estate assets products under its fractionalised investment real property network, FIR-ST.
The smallest investment amount is $200,000 for the Duchess Residences apartment unit and $500,000 for the GCB at Cable Roadway.