Did you already buy some real estates? When will we see them?

#NEWS Family-owned property firm Stan Group — reported to have a real estate portfolio at over $6.38 billion — is set to meet with Hong Kong’s securities watchdog in January 2020 to seek approval for the sale of tokenized real estate assets. (Source: (link: https://[Suspicious link removed]/2FaNQ2U) [Suspicious link removed]/2FaNQ2U)

Major Hong Kong Property Firm to Seek Regulatory Approval for Tokenized Real Estate

Family-owned property firm Stan Group — which represents the assets of “shop king” real estate scion Tang Shing-bor — is set to meet with Hong Kong’s securities watchdog in January 2020 to seek approval for the sale of tokenized real estate assets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported the news on June 12.

Stan Group is reported to have a real estate portfolio estimated at over HK$50 billion ($6.38 billion).

Against the backdrop of reportedly lacklustre sentiment in the local property market amid escalating trade tensions between the United States and China, the firm is seeking a locally unprecedented approval from Hong Kong’s Securities and Futures Commission for the regulated trading of blockchain tokens that would have real estate as their underlying asset.

Earlier this month, Stan Group reportedly signed a memorandum of understanding with local security token insurance platform Liquefy to jointly explore the possibilities of real estate tokenization, which can enable investors to own and trade blockchain tokens that confer ownership of a property — in whole or in part.

I got something for you;

Blockchain in Real Estate

Each and every person has faced the real estate “issue” throughout their life. It depends on the case, but maybe you wanted to purchase, sell, or make money off of your property, and what you definitely acknowledged was the big volume of paperwork, bureaucracy, payments, service fees, loads of service fees, intermediaries; and you stand there with a question in your head: “could this have been easier without any of these?” until you decide “to get rid of them”.

So if we ask ourselves “what are the main challenges concerning the real estate industry”, we will have the following points:

Possibility of fraud: agreements drawn up on paper can be manipulated and changed easily,
Heavy paperwork: paperwork often distracts from the main goal and takes unnecessary time,
Large number of intermediaries: paying fees to multiple parties can result in a build-up of unnecessary costs,
High entrance barriers: real estate property trading typically demands significant amounts of cash, 
Difficulty of getting the real property information.
We have heard about blockchain and future technologies revolutionizing the traditional industries. So what is the case about real estate? Why do we need blockchain in this industry?

The magic feature in blockchain-based processes- executing transactions without an intermediary or a clearing house, very much compliments a market like real estate. The distributed ledger holds the history of a transaction, a property, an asset, or a title. The transaction is processed on the ledger, providing the opportunity to transfer funds in new ways.

Blockchain in real estate, therefore, can eliminate the need for intermediaries, like lawyers and agents, by providing means for property verification and payment to buyers. Paying for  property using cryptocurrencies can also help buyers bypass bank fees. It cuts the fees associated with escrow, by using smart contracts that can be customized according to the needs of the parties involved. The technology makes the whole process easier, and provides more accurate deed transfers. It can improve transparency issues in investing as well as speed up MLS (multiple listing services) listings.

We may have the feeling that investing in real estate has typically been in the realm of the rich. Cryptocurrency and the public ledger come to change that, making investment available to the masses by purchasing “fractional ownership”. The technology allows groups of people, who don’t necessarily know one another, to pool their resources on the public ledger, and purchase valuable property. Individual investors can then sell off their portions as needed, with all of the movement tracked publicly. Blockchain allows for one of the most sought-after, yet previously unachievable, qualities of real estate investing: liquidity.

Where are we right now ?

The ICO will be broken down into three main phases.:

O PPP – Private Participation Period – open to those who are related to the project or who
are approached as a private participant.

O Pre-ICO – The pre-ICO will only be open to those who participate in our White List which
will be placed on our website before the pre-ICO goes live.
Time duration: 10 days.

O ICO – This is the period when anyone can participate in the ICO itself.
Time duration: Three weeks.

Ouyee make us proud. Bring some contracts and partners. 

You must comply with each and every countrie's legal and match all the terms and conditions for buying real estates there right ?

What is happening in Turkey and real estate

https://cryptobenelux.com/2019/05/01/turkije-het-land-waar-crypto-exchanges-de-bearmarkt-verslaan/

Steemit review. Not bad at all.

Since the last economic and financial crisis, this has changed the economic and financial landscape of high demand for distressed assets.

Project Elements Estates will cover innovative ideas on asset and asset management through decentralized bookkeeping books based on block technology. We will build an online platform that will introduce the real estate market initially derived from emergency funds at affordable prices. Until recently, these offers in the SEE region were available primarily to institutional and large private investors due to their size and complexity of purchases.

Despite the rise in value, the Elements Estates project is a new step in this area. We will create a private entrepreneurial fund that will buy, develop and maintain real estate in all regions. It will be run by an experienced team with proven results and controlled by smart blockchain deals. By using Blockchain technology, we create a platform that will enable everyone to take advantage of real estate opportunities in emerging markets. It will act as a transaction center between the fund and the owner of the property transfer sign that will benefit from it.

ELEMENT ESTATE TOKEN

Thanks to the strategic use of token, the Elements Estates project will create its own eco-system managed by the platform. The goal is to maximize the opportunity to increase the value of tokens with real-life tokens and to ensure that all users of the token, fund, the parties we work with, and the wider community generally benefit from it. The Token will be used as a means of payment in each Transaction relating to assets owned by the Fund to ensure security and transparency. All services are paid only in the chips that will be offered to the users. The Token is one of the first crypto-valves that combine blockchain with emerging technology. The Token is classified as a communal sign because the owners will not have the property or any shares of the corporate private fund and will not receive dividends. However, they can benefit from platform usage and implementation.

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I am thinking on how will you help us members of the platform trough the user experience on the platform ? One is that you will have different portfolios on the platform but how else, because I don't see a day to day use of the platform.

 

Enter Elements Estate

The post recession period of 2008 financial crash has opened a floodgate to demand for distressed assets in Europe. The financial crisis caused the biggest relapse in payment of mortgages all over Europe. Notwithstanding the decade old disaster, real estate has always been a relatively lush and stable sector for short and long-term investments. But to truly unleash the potentials of this industry, experts have, increasingly, been calling for greater transparency and security of all exchanges. A solution that is not only immutable and cannot be tampered with, but is also readily available to anybody from anywhere in the world regardless of their status. This solution is what Elements Estates has perfected to development through its decentralized marketplace, built on the blockchain, for unlocking the hidden value of distress asset derived from failed portfolios.

A Working Platform

Elements Estates development is lead by a team who have worked on the acquisition and restructuring of some of the most important distressed assets in South-Eastern Europe. The team’s proven track record also involves acting as advisor and manager to hedge funds from Western Europe to the US. With this technical and managerial expertise, the platform is establishing a private corporate fund that will fuel the growth of real estate across Europe, governed by smart contracts and Elements estate native token, the ELES.

ELES token will be the heart of the platform’s growth value through utilization of tokens in real life. These tokens will be used solely as a mean of payment on the platform for rent, purchase and all other services connected with residential, commercial and touristic modern properties. Token holders will also be able to purchase their dream property for less, because ELES properties will be put on market at favourable prices, so everybody will be able to afford something more for their money.

Real Estate Cryptocurrency

An ecosystem of value, is what Elements Estates is building through its powerful utility tokent. The project Fund will help manage the properties within the Elements Estates platform effectively. The liquidity element of the Fund will be backed by essential priorities such as operating capital to maximise the growth value of the ELES token and benefit derived by its values and the community built on it.

Through the blockchain, Elements Estates is opening up an untapped market, usually reserved for certain class of professionals, for global participation. With Elements Estates, real estate investment is finally a seamless experience at everybody’s fingertip. 

Did you know??? - $ELES offers real estate participation by using #blockchain #technology and #crowdfunding with an experienced team. Never risk your retirement funds and don't expect quick results, but always aim for solid growth!
#realestate #ICO #cryptocurrency #SEE #region


The $ELES project is progressing solidly. The next big thing? At the end (of the street) that is buying real estate! We are already bidding on properties. And bringing in some additional (private) contributions. We believe both will successfully happen soon! #blockchain #crypto

https://twitter.com/ElementsEstates/status/1118261984582041600

Where are you buying the real estate ?? 

Coinshark posted about this project fo' sho !! BTCBTC

NEWSFLASH: @TheCoinShark_CN published an interesting
article “Elements Estates: Real Estate on the Blockchain”. Please enjoy reading it and get excited! Blockchain will surely change the (Real Estate) World and we are at the beginning of it!

Real estate is one of the largest industries in the whole world. People are always going to need places to live, rest, work, entertain themselves, eat etc. Renting or buying such constructions usually happens through real estate deals. While being a vital part of human life, such deals are still conducted pretty rigidly:

- the process involves a bunch of intermediaries,
- there is no confidence that the personal data and funds are secured sufficiently and
- the procedure is long, inconvenient and stressful.

Since the modern technologies are taking over the world, it is the right time also for the real estate industry to dive in, and adapt. The Elements Estates project we will introduce today successfully managed to combine the two worlds of blockchain technology and real estate. They came up with a one-of-a-kind solution. Read on to see what we are writing about.

What is Elements Estates?

Elements Estates is a blockchain-based platform meant for people interested in real estate services. Within the ecosystem, the users can review, rent and purchase property using ELES tokens. However, there is an interesting twist: besides providing regular services, the project is utilizing the distressed assets in the South East of Europe. Its pipeline of projects is abundant with various real estate that derive from the distressed market. Elements Estates is mostly focused on relevant and newly-constructed property. The main goal of the project is letting everybody benefit from problem and undervalued real estate assets with the help of the blockchain technology. The intra-platform currency, ELES token, was created specifically to not only serve as a means of payment, but also to help its holders increase their capital due to the potentially high liquidity.

The benefits for ELES token holders:

- the ability to rent tourist facilities in the Southeast Europe and later on in other regions of Europe;
- the ability to rent or purchase commercial and residential buildings;
- timely updates on everything happening within the platform regarding real estate;
- quick and easy conversion of ELES tokens;
- credit services in ELES tokens;
- ELES tokens with a credit card support;
- real estate services based on smart contracts for third party constructions;
- other solutions and services.

Elements Estates will combine the reliability and stability of the real estate sector, the potential high profitability of distressed real estate transactions, as well as the transparency of blockchain within one ecosystem. If you need more details about this innovative project, you can find them here.

Real Estate Opportunities and the Unbanked

In a world where one’s existence is invariably tied to what a piece of paper says or doesn’t say about you. From money to academics, bills, and deeds, the claims on these papers determines access and availability to both the perks and necessities of life. But what happens when you don’t have these papers or possess the required ones? Welcome to the world of the unbanked.

They are defined by the Federal Deposit Insurance Corporation (FDIC) as adults without access to formal financial institutions such as banks. These adults are unable to access credit facilities, make deposit and withdrawal, savings, credit history, and often have to resort to alternate and exploitative financial services like pawn shops and loan sharks. The exorbitant fees often accompanying these alternative services remains one of the key factors behind the vicious cycle of poverty miring the unbanked.

There are currently 2 billion such adults in the world.

How will be contributors able to monitor the investments of the real estate fund in separate phases?

Well we have a classical infrastructure and profile of people behind. What we do is first analyze potential real estate projects, we make thorough due diligence (static, dynamic with cash flows, risk analysis, etc.), different scenarios weighted and investment decision. Later on it will be presented on Platform for voting. After decision and acquisition of project a skilled project manager takes over, a set-up of external partners and supervisors is done and a start of the monitoring process etc. Projects will be constantly monitored, timelines and costs re-checked. We will have 5 phases on projects and final date on finish of the projects, like you can already see already in beta platform.

Interesting last few medium blogs.

Are you interested or is an option also to go to some security tokens?

Do you have some compatition that have already done their ICO?

Thank you

ElementsEstatesBOT:
The team already has a lot of experience with distressed deals, NPLs, restructuring and development of real estate. They have a proven track record of over 350 million EUR investments. They also have a very good knowledge of SEE region and specific processes involved.

All this makes them confident to succeed with this project and justify the trust from supporters. That is why there is already a pipeline of analyzed and high potential projects that the team already cherry picked. For development of Platform there is a well established company Dlabs behind that has been for years supporting Start-ups (mainly in UK) and developing platforms for them.

Will it be able for a real estate company to sell their real estates on your platform and your platform works just as a middleman with some eles fee?

This will be possible in the future as we plan to become a real estate hub platform for intersection of offer and demand. So in the future also other real estate companies (and possible even individuals) could plug-in onto our platform and offer their properties for sale or rent to ELES token holders. This will, of course, very positively affect on ELES token demand and help Elements Estates become internationally recognized real estate hub.

The $ELES smart contracts have been designed to #support the future #ecosystem. This means that we will be prepared to integrate possible future real estate companies into our #platform. We are striving to implement and allow true #decentralization for the whole real estate market worldwide. #realestate #future

https://www.linkedin.com/company/elementsestates

When is there going to be a crowdsale?

What kind of feedback do you have from the Family offices Monaco summit ?  Family offices interested ?