Straits Trading and Alta team up to launch FIR-ST scheme
Investors will also benefit from market-adjusted dividends.
Straits Trading has partnered with Alta to launch a fund that offers investors fractional ownership in Singapore's prime private real estate through the FIR-ST scheme.
FIR-ST provides a way to access real estate investments in sought-after areas, such as District 10, without the complexities of property acquisition, landlord responsibilities, or additional buyer's stamp duty. Investors will also benefit from market-adjusted dividends, with Straits Trading managing operational costs.
Singapore’s real estate sector is projected to grow at an annual rate of 4.5%, supported by high demand in both residential and commercial segments. Recent data from PropNex Research indicated that the landed homes market remained robust in early 2024, with 681 transactions totaling $3.7 billion.
The Good Class Bungalow segment also saw heightened interest, with nine significant transactions amounting to $219 million, showing continued demand despite high interest rates and economic uncertainty.