Monday, June 8, 2020

Shareable Asset - Investing Platform for Real Estate Using Blockchain Technology

If there's anything that we've learned during Covid-19, it is that the potential of digital financial services in providing a secure, low-cost and contactless tools has become more apparent during the crisis. 

The reliance on convenience that digital financial services are starting to innovate has driven the demand needs for more fintech services.

Shareable Assets (SA) has positioned itself as the disruptor of the global real estate market offering fractional and affordable ownership in institutional-grade real estate which were previously only available to accredited high net worth investors.

The company prides itself as the "Amazon in the real estate industry" and is the only one globally so far that has been approved as a fintech based securities investment company that utilizes blockchain technology for real estate. They have also received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) that allows for the digitalization and tokenization of real estate trading using blockchain technology.



How It Works

Shareable Asset works by dividing real estate ownership into smaller pieces to allow accessibility for anyone to invest.

For instance, a real estate commercial building which costs $1m is divided into 100 blocks of $10,000 each. Based on the number of blocks that a person owns, the allocation of equity and voting rights is shared proportionally. This proportion also applies the same to the revenue and divestment distribution.




The security token will be available and issued through the Shareable Asset platform sold from the establishment of the Special Purpose Vehicle (SPV) entity. 



Value Proposition


As most readers would know, I spent a brief period working in the Real Estate Investment Trust ("REIT") company in the past. Today, I am working in an e-commerce fintech enabler start-up company providing services to businesses and consumers. Because of this, I tend to appreciate companies that tend to come up with interesting value proposition and business model that is able to add values to investors. 

Unlike the physical real estate market where investors are required to put in a minimum of hundreds to thousand dollars of funds, Shareable Asset is able to facilitate entry-level investments for the retail masses for as low as $100. This gives an opportunity for anyone who wishes to dip their toes into the real estate market exposure. As owners of the real estate under the equity structure, rental income will accrue and be paid to investors for as long as the space is tenanted.

Some may argue that the Real Estate Investment Trust (REIT) vehicle we have today in the market may provide the same value proposition when it comes to owning real estate at minimum funds but let me give you an overview run-down of the other differences.




First, the platform listing fees for Shareable Asset are much lower than REITs as a listed entity as it requires only to maintain the CMS license which is a regulatory requirement from MAS. For REITs, the requirement to adhere with reporting guidelines and compliance regulation means the company will spend a bit more overhead costs to maintain its listing status. 

Second, Shareable Asset managers take a relatively small amount of cut as a percentage of the management fees as opposed to REITs in the range of 1% to 5% depending on transaction size. REITs typically incur a base management fees of between 0.25% to 0.50%, which is on top of the other performance and acquisition or divestment fees that the REITs managers are entitled to. 

Third, Shareable Asset is able to tap and penetrate into the larger real estate market globally using its blockchain technology capability. REITs' portfolio size is usually at least USD500 million to USD1.0 billion to be eligible for listing and they target high-value real estate.

Last but not least, Shareable Asset is a single platform managing a diversified portfolio with the same objective and aspiration. Hence, investors will be assured that they are in good hands with a regulated platform that shares the same vision as investors.

Steps To Sign Up

The key to using blockchain technology to invest is simple and secure.

To do this, download the "Shareable Asset" application in your mobile and register to sign up.

You will be asked to confirm your email registration address and insert a safe-pin to protect it.

You will also be asked to take a self-photo of your own picture, passport and proof of address, all securely online. Verification of account takes 1 to 3 business days, and you will be receiving notification about your account status.

Next, you will be asked to do a simply KYC form which has 9 multiple-choice questions. The questions asked are pretty standard in compliance with the requirement of MAS.



After that, you will be asked to select the properties that you are interested to invest in. The snapshot will provide detailed information that you need to know as an investor such as the location, tenure, leasehold and net yield rent. You will then choose how much money you want to invest (can be as little as $100) in each of the property you select.

You are good to go.

As part of the referral incentive program, you can now sign up and receive a free investment credit of £3 when you sign up using my referral links here.



Upcoming Launch by Mid-Jun 2020

Shareable Asset will launch its first deal in mid-June 2020 through the anticipated proof of concept student hostel's accommodation in Sunderland, England. The asset will yield a net rental in the range of between 8% to 9% per annum.

As a testament of how "hot" these assets are in the market, Singaporean based media company, SPH recently acquired £448m of student housing accommodation in the UK while local property developers like Far East Orchard and Mapletree Investments recently purchased £67m and £96m of UK housing accommodations as well.

The company will continue to look for suitable investment opportunities that will provide good return on capital for investors in the few months to come. The goal is to have at least another 10 to 20 investment properties available for selection by the end of this year.

For more information, please visit their website at http://www.shareableasset.com.

P.S: This is a collaboration with Shareable Asset on the abovementioned launch and a study of the blockchain technology but all opinions are mine solely and vetted.


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11 comments:

  1. The fees are too low to be credible. You don't even see such fee for STI ETF

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    Replies
    1. Our revenue model is mainly earned from asset owners, not investors. For example, when an asset owner lists and divests a property valued at $1 million, we charge a fee of between 1% to 5% depending on the type of property, country, etc.

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  2. lol, you can see many EHT reit on this app, invest if you want to throw money away

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    Replies
    1. EHT Reit? What do you mean? EHT is mainly on hotels across the US cities.

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    2. This comment has been removed by the author.

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    3. We sympathize with EHT REIT investors. As our investment product is fractional and physical ownership of real estate, the comparison is not exactly ideal. Investors are well aware of the property they are buying into and they are the legal owners with similar rights and benefits to full ownership of the property. The rental income will be fully distributed to owners after property manager’s expenses and upon the sale of the property, investors will receive their share of the proceeds, plus capital gain, if any.

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  3. My only concern is if one were to purchase 1 'share' of overseas property, will one be able to purchase HDB flat in the future if one does not own a HDB flat yet ?

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    Replies
    1. This comment has been removed by the author.

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    2. In general, HDB flat owners must occupy the flat for a minimum period of five years (MOP) before they can sell the flat in the open market, rent out the whole flat, and invest in private property – both local and overseas. The MOP is applicable for both new and resale flats, and starts from the date you take possession of your flat. In our opinion, fractional ownership of overseas property will not disqualify investors from buying HDB flats in the future, subject to obtaining HDB’s consent.

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