Straits Trading offers investors fractional investment opportunities in GCB, prime condo unit
Eric Teng says, “We have designed these fractional investments in response to the desire of our family shareholders to gain exposure to premium residential real estate in prime District 10, either through direct ownership or investments. Through FIR-ST, we are bringing together the various aspects of these properties – from statutory records, to compliance, to fund management, to asset management – so that investors may access real estate investments through a simple and accessible platform.”
Straits Developments Pte Ltd, a wholly owned subsidiary of The Straits Trading Company Ltd, has launched two new products under their fractionalised investment real estate platform, FIR-ST. These investments, which are designed to grant interested parties access to Singapore residential real estate, offer a unique diversification opportunity in the form of bite-sized fractions.
Tampines Ave 11 Condo is located in the heart of Tampines, one of the most highly popular residential districts in Singapore. Residents of Tampines Ave 11 Condo can take full advantage of the neighbourhood’s bustling commercial district, surrounded by a host of amenities such as retail shops, dining options, recreational activities, as well as educational and healthcare facilities.
Eric Teng, the Group COO and CEO of Straits Developments Pte Ltd, commented, “Through FIR-ST, we are bringing together the various aspects of these properties – from statutory records, to compliance, to fund management, to asset management – so that investors may access real estate investments through a simple and accessible platform.”
The two properties available for fractionalized investment are a Good Class Bungalow at 8A Cable Road, located in the esteemed Chatsworth/Bishopsgate/Jervois/Cable Road GCB area in District 10, and a 999-year leasehold, 120-unit condo at Duchess Residences at 108 Duchess Avenue, in the Bukit Timah area.
The minimum investment amount for the Duchess Residences property is $200,000, while the minimum for the GCB is $500,000. All investments must be made through the Straits Trading Shareholders’ Club, with registered accredited investors able to participate and enjoy potential capital appreciation of the underlying properties. Any dividends due to investors from their preference shares will be paid semi-annually over the five year investment period.
At the conclusion of the five year investment period, investors may be in line to receive the potential appreciation in value of the underlying property through a special payout. The dividends and special payout are non-guaranteed and subject to performance, but have been developed in response to the desire of Straits Trading Company’s family shareholders to gain exposure to Singapore’s real estate market.
During the investment period, the underlying properties will continue to be owned by their respective owners, while shareholders may still enjoy a share of the resulting economic returns. To find out more about Duchess Residences properties, please visit the latest listings.