Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
Straits Developments Pte Ltd, a wholly-owned subsidiary of The Straits Trading Company Ltd, has introduced 2 new fractionalised property assets products under its fractionalised assets real property platform, FIR-ST.
One is a Good Class Bungalow (GCB) at 8A Cable Road, section of the notable Chatsworth/Bishopsgate/Jervois/ Cable Roadway GCB place. The alternative is a unit in the 999-year leasehold, 120-unit nonpublic apartment, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah area. Both estates are located in top District 10.
By the end of the 5 years, choice shareholders may enjoy returns which reflect a portion in the prospective appraisal in price of the underlying building via an unique payout. The dividends as well as special payment are non-guaranteed and even contingent on performance.
Approved investors signed up in the Straits Trading Shareholders’ Club can purchase these segmented venture goods through selection shares. As preference stockholders, they will definitely take pleasure in prospective capital appreciation of the underlying business and even any rewards due, which are going to be paid off semi-annually within the investment time frame of 5 years.
The minimum financial investment amount is $200,000 for the Duchess Residences condo unit along with $500,000 for the GCB at Cable Roadway.
Eric Teng, group COO as well as CEO of Straits Developments Pte Ltd, claims, “FIR-ST is a distinct financial investment product that delivers diversity for investors who wish to obtain presence to Singapore non commercial real property in bite-sized portions.”
Throughout the financial investment duration, the underlying properties continue to be owned and operate by the presenting owners while investors enjoy a share of the business returns.