Keep an eye on the trend of investment options Condo-Backed Token is hot! That gives opportunities for small investors as if owning a condo more easily Meet the lifestyle of the new generation

Real estate and "digital tokens" and "cryptocurrencies" have been associated for a few years, but before that the focus was on simple cryptocurrencies. And more striking, while "Digital Tokens" are still not very tangible compared to foreign countries, the latest trend "Condo-Backed Token", which is a financial and investment product developed to match the real estate market.

For example, condominiums using blockchain technology (Blockchain) to convert assets or income streams from assets into digital tokens. This makes digital tokens act as representatives of property ownership or income streams generated from that property. (Tokenization) is another investment option that allows investors to more easily own a property such as a condo.

Surachet Kongcheep, Managing Director of Property DNA Co., Ltd., said that in the past Condo Backed Token was not mentioned in Thailand. This raises a lot of questions when someone is involved in real estate with digital tokens. Even if it is a token that earns from real estate. as a reference

In 2021, people began to bring tokens with income from real estate. Released and popular Doubts began to subside. In 2021, SPV77 Co., Ltd. has entered into an RSTA contract or a sales contract. and transfer the rights of income of Siripat Four Co., Ltd., the owner of both Siri Campus buildings, to SPV77 Co., Ltd., then SPV77 Co., Ltd. converts them into tokens in The name "Siri Hub Token" is a digital investment token based on asset-backed income streams.

The objective is to raise funds worth 2,400 million baht to invest in generating income streams from the Siri Campus office building group, which is real estate. referenced in this fundraising By offering digital tokens in the first market through Xspring Digital Co., Ltd., a digital token offering system provider And registered trading in a digital asset exchange with ERX Co., Ltd. (ERX), which received a license to operate as a digital asset exchange from the Ministry of Finance. Under the supervision of the Securities and Exchange Commission (SEC)

Anyone who purchases the Siri Hub Token will receive a return on the rent earned from the Siri Campus building and can also trade the token on the secondary market. That token sale was worth 2,400 million baht. The asking price of 10 baht for 1 token meant that there were 240 million tokens in total and the entire 2,400 million baht was sold out in no time!

Buyers of Siri Hub Tokens will earn quarterly returns on the rental performance of the Siri Campus Building, whose anchor tenant, Sansiri, has signed a 12-year lease on the remaining token sale date. The next 10 years, the return will not be the same, in the range of 4-8%, separated by the building invested. Guaranteed returns for 4 years from the date of establishment, the 5th year onwards depends on whether to renew this project or not.

The story of Siri Hub Token may not look flashy or difficult to understand. Because it's like investing in buying investment units in the REIT. with a guaranteed return period of 4 years, then it depends on whether the guarantee will be renewed or not

Recently, the issuance of tokens with income from new real estate "Real X" by Real Estate Exponential Co., Ltd., in which real estate is involved is a condo. 3 Origin projects Property, namely Park Origin Phrom Phong, not exceeding 138 units, Park Origin Phayathai, not exceeding 123 units, and Park Origin Thonglor, not exceeding 100 units. smaller investment

1 token is equivalent to investing in 1 square inch of real condo area, so that interested people can invest in digital assets, 1 token is equivalent to 1 square inch, worth 182 baht! this digital token The life of the project is 10 years from the start date of the project. Guaranteed return for the first 5 years of 4-5% per quarter, which the return is derived from the income from the unit rental of the project in all 3 condos.

Year 6-10, the return is the difference from the sale of the condo. The project will bring units that are not rented to be gradually sold out. Set to sell at the market price at that time, which gradually sold out in proportion to 10% 15% 20% 25% and 30% per year of the number of units available.

Once sold, the actual rewards will be distributed among the token holders. which in addition to receiving quarterly returns Still got a return from selling out at the 6th year onwards and another part can make a profit from trading tokens in the secondary market where various digital assets are traded. Which Real X will definitely go into trading in the secondary market But in the process of entering which markets

The question that may come up in real estate trading via digital tokens is that the purchase price may not be reasonable or even higher than it actually is! But if considering the general market mechanism real estate trading Anything with a guaranteed return always has a higher selling price than it actually is. Because many expenses the buyer is not responsible for, such as room decoration Electrical appliances, maintenance, common areas and other expenses This may cover ownership transfer and mortgage fees. In the case of token trading, there are no ownership transfer and mortgage fees. But there is still a 15% personal income tax on capital gains income.

The token issuance of both projects has been reviewed by experts in each professional field. In the legal field, both parties use the services of Baker & McKenzie Co., Ltd., a world-class legal and accounting expert, using Siri Hub. Services Grant Thornton Co., Ltd., a large company with a global network, while Realx uses the services of the world's largest accounting giant EY.

Siri Hub's trustee is MFC Asset Management Public Company Limited, while RealX's trustee is SCB Asset Management Company Limited. Both tokens are certified by the SEC. and can sell investment units. Siri Hub has been sold out since 2021. Real X will open for sale in June.

“This model of selling digital tokens with real estate as a reference for income. there will be more in the future because it can be sold in low-value units, people with low incomes gradually Gradually collect from selling in the primary market and the secondary market. both able to make profits in the secondary market.”

However, every investment carries risks! Investors should study the information carefully before making any decisions.

Source:https://www.bangkokbiznews.com/property/1066338

Date 04/05/2023