Eric Teng, Straits Developments Private Ltd
Eric Teng, Straits Developments Private Ltd
2 November 2023
Mind Your Business: How does fractionalize property investment make luxury real estate affordable?
Imagine a future where building wealth becomes as “easy” as buying stocks or a fraction of the stocks.
It doesn’t come with daunting upfront costs and complex transactions.
Well, that future is here with a luxury twist, where you can now invest in prime residential real estate in Singapore, just like you would with stocks.
Eric Teng, Group COO and CEO, Straits Developments Pte Ltd breaks down the new model for us and explains how it differs from REITs, the impact on strata title holders, the risks involved, and the scope of expansion.
Presented by Ryan Huang
This podcast is produced and edited by Anthea Ng (nganthea@sph.com.sg)
Do contact her for topics: C-Suite, SME, Sustainability, Property, Intergenerational Family Business, Industry Outlook, Fintech
Download this podcast.
Listen to his previous podcasts:
2 August 2023
Under the Radar: Straits Trading on valuations for properties in 2023; Interest rates and recessionary risks; Revenue growth vs cost management; Opportunities in Japan, UK real estate sectors; Infrastructure in Penang; Tokenisation of corporate bonds and diversifying funding sources
We’re going to bring you an inside look into a conglomerate investment company with operations and financial interests in resources, property and hospitality.
Founded in the early years of Singapore’s colonial history – we’re talking about 1887 here – The Straits Trading first started out as a company catering to the region’s growing tin smelting industry.
It become renowned for its tin smelting operations by the 1900 and accounted for two-thirds of Malaya’s Tin output.
Now, Straits Trading has evolved over the years to expand into sectors such as property, equity investments and hospitality. But which is the most important business vertical for the firm?
Meanwhile, the firm posted a net loss of S$121.8 million for the second half of 2022, amid higher capitalisation rates and a reduction in the fair values of investment properties in Australia, China, South Korea and the United Kingdom. What are we looking at this year?
How is the company walking the tightrope between revenue growth versus cost management in a high interest rate environment? And where do opportunities lie for Straits Trading?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian posed these questions to Eric Teng, CEO, Straits Developments Private Ltd and Group COO, Straits Trading.
Download this podcast.