Current StatusBusiness Plan Ready
Amount Invested0
Funding RequiredRM 500000
DescriptionTo start-up an ICO platform in Singapore to purchase real estate in US.
Business OpportunityCurrently i’m dealing with real estate company and developer in Florida, US. The real estate investment return is contracted for 3 years at 15% p.a. (total 45% margin). Each plot of 10,000 sqft land is priced at 30,000 USD. Freehold title issued by the US Official Land Records. Buy-back policy is stated in the contract (with return) if there’s no new buyer. I’m getting 15% upfront upon purchasing the land plus another 5% of commission.
Revenue / Business ModelThere’s more than 1500 plots of land/bungalow lot to be built into houses within 3 years. My planning is to develop an ICO platform in Singapore backed by real estate to acquire the lands. Cost for the platform setup is 700,000 USD by progession. I need a start-up fund of 200,000 USD. 

My margin is 45% for 3 years, 25% goes to token investors, 10% for platform developer and 10% for my side. 

Monthly targeted raised fund is 1mil USD. For the 15% upfront that i get upon purchase, 10% goes to platform developer and i have 5% on hand. 

Monthly margin = USD 1,000,000 x 5% = USD 50,000

Proposed return to angel investor/funder = 100% ROI in 3 years (Half-yearly or yearly payout)
Management TeamEngaged with Novum Capital in Singapore and in the process of getting license from MAS (Central Bank of Singapore).
Company BackgroundN/A
Funding MilestoneAmount of fund = 200,000 USD
% Equity Allocation5%
Expected ROI33.33% p.a.
Risks and MitigationThe risk is minimal. We have full control of the land as the land title will be under our company. We can trade the lands or build houses for more margin.
Exit StrategiesWe might go into US contruction or raise fund for contruction in 2-3 years time.
Company NameN/A
Business AddressN/A
Contact PersonJoe Yip
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