Tuesday, 28 June 2016

Redemption - Divesting Policy

Redemption by the investor can be made in 1 of the 2 options listed below:

Option 1:   Through the home, the redemption rate is 50% of current valuation. The general processing time is 1 month from date of redemption. There is no other administrative charges. Once the home has obliged its payment, there is no more relationship between the investor and the home henceforth.

Option 2:   Through a third party. The assignor can transfer his/her share to a third party assignee, whose transfer value is negotiated in privacy between the assignor and the assignee. Once transacted, the home would levy a transfer fee of 1% of the transfer value each from both the assignor and assignee or if the transfer value is lower than its original investment price, $10 per thousand of its original investment. The home's register is updated henceforth.

As option 1 is greatly unfavourable to the investor, the investor is advised to procure his/her own assignee privately.

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