We Listed a New Tokenized Penthouse on Binaryx Marketplace — Check It Out!🔥
The day has come! We listed the second gorgeous Bali penthouse on our Marketplace of tokenized real estate. The public sale will start on May 24— everyone will have a chance to invest in this property as little as $50, become its official landlord in the real world, and earn rental income!
Check out PARQ Penthouse 62 on Binaryx Marketplace😍
This 66m2, $170,250 property is located in PARQ Ubud — a luxury residential complex in the town of Ubud on the island of Bali, Indonesia. The resort is set amidst lush tropical gardens and rice paddies and offers guests a tranquil retreat from the hustle and bustle of city life.
The resort features a range of accommodation options including suites, villas, and residences that are designed to provide guests with the ultimate comfort and relaxation. The rooms are beautifully appointed with traditional Balinese decor and feature modern amenities such as air conditioning, flat-screen TVs, and free Wi-Fi.
PARQ Ubud: The story
Initially, Parq Ubud was a villa project initiated by a group of like-minded architects. They built a boulevard with 60 villas, naming it the “Secret Garden” to keep it hidden from Ubud residents’ view.
However, realizing the need for amenities, they added restaurants and co-working zones, and the community began to grow as people shared their ideas. Today, Parq Ubud, known as “The City of the Future,” offers everything for a comfortable life within walking distance, fulfilling the creators’ dream of a society where everyone can find themselves.
The co-founder, Andre Frey, identified a typical issue for Balinese expats and solved it by providing social connection and growth opportunities in Parq Ubud. Watch a video of the creators explaining their vision and building process.
Earn rental income with Binaryx
PARQ Ubud is a place where entrepreneurs, artists, and investors come from all over the world. Residents have to stand months in line to rent a property here. For the first apartment that we tokenized, the tenant was found in advance — the penthouse started to bring rental income to its investors just 3 days after it was sold.
The tenant signed a year-long contract. He pays $2,050 per month to PARQ Ubud — the administrator of the residential complex and our trusted partner who serves as a Binaryx Management Oracle. Each month, it puts the money on the smart contract and distributes it to the token owners.
Read the interview of the first property’s tenant here.
First property owners already earn income
We sold the first apartment on the Marketplace on March 28, 2023, and those who invested in it during the sale are already earning. Look at this screenshot that one of the investors shared with us: they invested $6,100 and have already earned $76 in 1.5 months.
With a 12% APR, they will earn $732 in one year from rent alone. Also, their tokens will grow 10% in price as the property value increases. The total investment return will be $1,342 in one year. This is a stable and predictable income — and it works exactly like in the traditional real estate market. We offer the same 22% investment return on the second property as well.
Be quick!
The first tokenized apartment on Binaryx was sold out in just 14 hours. The $170,250 penthouse went in 3405 tokens worth $50 in less than a day. Set May 24 in your calendar not to miss the opportunity to invest in the second property!
P.S. Complete The Big Web3 Quest by Binaryx and get the chance to become the property landlord for free! Stay tuned for announcements😉
