The process involves dividing the properties, allowing investors to buy and own a portion of each property at a fraction of their value. Read more at straitstimes.com.
SINGAPORE - Straits Developments, a subsidiary of conglomerate The Straits Trading Company, on Sunday launched two new property investment products allowing eligible shareholders to own shares in two high-end Singapore residential properties in its real estate portfolio.
After the first five years, investors may enjoy returns which reflect a share in any appreciation in value of the underlying property via a special payout. However, both the dividends and special payout are not guaranteed. Accredited investors are assessed to have the financial means and know-how to trade in a wider suite of financial products and services compared with retail investors. Shareholders who hold at least 100 shares of Straits Trading can register with the club free of charge.
“Our strategy is to expand this to a bigger scale, eventually targeting more investors and across varied products, subject to the right space, platform and regulations. The Shareholders’ Club is one platform that we are tapping to do this,” Straits Development chief executive Eric Teng said.