The popularity of real estate token securities continues…Local governments are also “interested.”
Real estate market rebounding STO popular ↑
Ownership achieves 91% public offering rate in a week
Funble · Kasa is also preparing for the second half of the year
Will Local Governments Start Real Estate STO Projects
[Edaily Marketin Kim Yu-seo Market] As soon as the second half of the second half of the second half of real estate sculpture investment contest.The 10ho Block’s 10ho, which started public offering a public recruitment, and Ksa Temple is also in earnest.Some local governments are also moving to promote real estate STO (T major securities) businesses.As expected to recover the nation’s housing economy will recover, attention to real estate STO in real estate market seems to grow.
According to the STO industry on the 26th, the 10th real estate “Sindorim Pinpoint Tower No. 3,” which is currently owned by Lucent Block, achieved a 91% public offering rate by this day. The subscription period for the public offering is from the 18th to the 2nd of next month, and the total amount of the public offering is 1.41 billion won. Expectations are high for early sales as the public offering rate has exceeded 90% within a week of the start of the public offering.
The 10th real estate owned is a business building of Sindorim Prugio, a complex with five basement floors and 30 floors above ground, and is a section office with a contract area of 95.68 pyeong on the 13th floor of the building. It signed a lease contract with Hanil Networks, a subsidiary of Korea’s largest call center company Ubase, to operate the building for five years and pay about 6% of dividends per year during the period. According to Lucent Block, the 10th real estate owned is 22 percent lower than the sale price of similar nearby buildings, and profits from the sale can also be expected in the future.
Punble will launch a new real estate investment contest in August. It is expected that small offices in Seoul will be selected as candidates for the public offering to proceed with the public offering process. According to the real estate STO industry, Punble is reportedly considering offices in Gangseo-gu and Seocho-gu in Seoul. Punble is expected to challenge to achieve a 100% public offering rate by reducing the size of the public offering to 1 billion won for the third real estate.
Earlier in June, Punble launched its third real estate, the J Building in Bangbae-dong, Seocho-gu, Seoul, but withdrew its plans for the offering due to a lack of subscription. At that time, J Building failed to achieve 100% of the subscription rate as the public offering was large (about 2.9 billion won).
Casa plans to hold its 9th public offering in August and proceed with one additional sale within the second half of the year. Earlier in May, Casa succeeded in selling out its 8th real estate “Grain Boundary Building,” worth about 2.1 billion won, surpassing the cumulative total of 57.2 billion won. It then held a general meeting of beneficiaries of the 6th public offering, “TE Logistics Center,” to decide to sell it and achieve “triple sale” for the first time in the industry.
Recently, not only private investment companies and financial investment industries but also local governments are showing interest in real estate STO projects. “We are looking for ways to raise funds using real estate STO in one district in Seoul,” a real estate industry source said. “It seems that local residents are considering ways to develop the local economy by using token securities to raise and invest funds together.”
The industry is expecting more interest in real estate investment. “Real estate investment is easy to calculate the value compared to other assets, and the timing of real transactions can also be predicted,” said an STO industry official. “It is an asset with high stability in dividends as it is based on real estate and has high potential for market growth as it is advantageous in terms of exchangeability.”