14-01-2014, 08:35 AM
Realtor breaks new ground with investment fund - ST Cheryl Ong
Min sum for closed-end fund is $100,000, with a 5 yr lock-in.
Propnex CEO Mohamed Ismail:
"Most developers consult PropNex on the right price to bid for land, and we also help them to sell their properties.
With such consultancy services, we can choose to partake 5 to 10% in the development of, say, an EC."
The fund has already raised about $5m from its soft launch last week, and will be open to investors today through its distributor SingCapital.
A Life not Reflected is a Life not Worth Living.
Min sum for closed-end fund is $100,000, with a 5 yr lock-in.
Propnex CEO Mohamed Ismail:
"Most developers consult PropNex on the right price to bid for land, and we also help them to sell their properties.
With such consultancy services, we can choose to partake 5 to 10% in the development of, say, an EC."
The fund has already raised about $5m from its soft launch last week, and will be open to investors today through its distributor SingCapital.
A Life not Reflected is a Life not Worth Living.
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