Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
One is a Good Class Bungalow (GCB) at 8A Cable Street, section of the reputable Chatsworth/Bishopsgate/Jervois/ Cable Road GCB location. The alternative is a unit in the 999-year leasehold, 120-unit private apartment, Duchess Residences at 108 Duchess Avenue, in the Bukit Timah location. Both estates rise in top District 10.
Eric Teng, group COO as well as CEO of Straits Developments Pte Ltd, states, “FIR-ST is an unique financial investment service that supplies diversity for financiers who hope to obtain presence to Singapore residential realty in bite-sized fractions.”
Approved financiers registered in the Straits Trading Shareholders’ Club can invest in these fractional venture goods with preference shares. As preference shareholders, they will take pleasure in possible capital appraisal of the underlying properties and any rewards due, which will be paid semi-annually within the investment time frame of five years.
The minimum investment quantity is $200,000 for the Duchess Residences condominium unit also $500,000 for the GCB at Cable Roadway.
Straits Developments Pte Ltd, a wholly-owned subordinate of The Straits Trading Company Ltd, has introduced two brand-new fractionalised building assets items within its fractionalised assets real property platform, FIR-ST.
Throughout the financial investment period, the underlying real properties continue to be operated by the presenting owners while investors take pleasure in a share of the economic yields.
By the end of the five years, preference shareholders might enjoy gains that reflect a piece in the possible appreciation in price of the underlying building by means of a special payment. The rewards and special payment are non-guaranteed plus subject to quality.