(PRESS RELEASE – Singapore, Singapore, July 25, 2023)
LABS Group, the leader in blockchain-based real estate investment, is delighted to announce the successful distribution of dividends to the early investors of the Indonesia-based Kunang Kunang Tent Resort project. This significant achievement underpins the LABS Group’s commitment to rewarding members of its community and cementing trust in the burgeoning world of decentralized real estate investing.
The Kunang Kunang Tent Resort, nestled in a coveted location renowned for its natural beauty, has become a hotspot for forward-thinking investors seeking unique opportunities in the real estate market. By taking an innovative approach and using blockchain technology, LABS Group has transformed the way people invest in real estate, offering fractional ownership through tokenization.
Kunang Kunang Tent Resort’s early investors have been instrumental in supporting this groundbreaking project since its genesis. In recognition of their contributions and to share in the success of the project, the LABS Group is delighted to distribute dividends to these valued members of the community. Despite the delay in completing the station due to COVID restrictions, it was successfully finalized in April 2022 and has since gained recognition in East Java.
Gravity Resorts, the hotel management team, remained unfazed despite temporary suspensions of flights from Bali to Banyuwangi due to reduced travel volume. They have achieved impressive ratings on major platforms such as Booking.com (9.6), agoda (9.3), and Google reviews (4.8/5). The station managed an average occupancy rate of 68% in the first year and distributed dividends amounting to an approximate return of 10%, demonstrating profitability despite a slow start.
“Our early investors were instrumental in turning the vision of Kunang Kunang Tent Resort into reality,” said Bernard Lau, CEO of LABS Group. “We are thrilled to reciprocate their trust and confidence in our platform by distributing dividends that demonstrate the financial potential of blockchain-based real estate investments.”
LABS Group is a strong believer in the ability of decentralized finance to open up new investment avenues for individuals around the world. By leveraging blockchain technology, the platform presents a secure and transparent investment ecosystem, allowing individuals to participate in real estate projects once limited to a select few.
This achievement not only commemorates the distribution of dividends, but also accentuates the trust and credibility that LABS Group has cultivated within the community. As the real estate market continues to evolve, LABS Group remains at the forefront, pioneering the confluence of blockchain and real estate to design innovative investment opportunities and catalyze positive transformations.
As a token of appreciation and a way to give back to its community, LABS Group is launching the Owner’s Circle NFT Collection, which can be purchased with the LABS Native Token for the opportunity to receive rewards from profits generated from resort operations managed by LABS Group. The majority of the net profits generated by real estate transactions will be distributed equally among the members of the Owners’ Circle with the BNB token.
Proceeds from the sale of the Owner’s Circle Collection will be used to create the Owner’s Fund, which will be used to invest in real estate related businesses to increase the pool of rewards which will be distributed on a monthly or annual basis depending on the type of property. With Kunang-Kunang as a pilot project, buyers will see immediate value with proof of performance and an ever-growing portfolio of real estate projects that will be parked under the Owner’s Circle collection.
For more information, please visit https://labsgroup.io/owners-circle/
About LABS Group:
LABS Group is a blockchain-based real estate investment platform that aspires to democratize access to global real estate opportunities. It uses blockchain technology and fractional ownership to allow individuals to invest in iconic properties, delivering both financial and experiential returns. With a mission to reshape the future of real estate investing, LABS Group offers a transparent, inclusive and forward-thinking ecosystem for investors at all levels.
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