Currently, investing in digital assets is a new form of investment that has garnered interest from investors, with various forms and characteristics. One such innovation is “RealX”, a digital investment token that transforms income-generating assets like real estate into digital tokens. This innovation makes it easier to access luxury condominium investments in the city center without needing to purchase an entire unit, allowing for simple investments through the Token X Application.

Understanding RealX: A Digital Token with Luxury Condominiums as Reference Assets

The digital token “RealX” is a collaboration between Origin Property Public Company Limited and Real Estate Exponential Company, along with Token X Company. The concept behind the “RealX” token is to convert luxury condominiums in the city center under the brand “Park Origin” from three projects: Park Origin Phrom Phong, Park Origin Phayathai, and Park Origin Thonglor, which consist of 361 ready-to-move-in units, into smaller investment units like digital tokens. This allows younger generations and the general public to access luxury condominium investments more easily. The investment in the “RealX” digital token has a project lifespan of 10 years from the start date.

The “RealX” digital token will be offered at a price of 182 Baht per token, with 1 digital token equivalent to approximately 1 square inch of condominium space. The total number of “RealX” tokens available for this ICO (Initial Coin Offering) is not to exceed 19,230,769 tokens, representing a total offering value of between 2.4 billion and 3.5 billion Baht.

“The Park Origin project consists of three locations: Phrom Phong, Phayathai, and Thonglor, which are high-potential condominium projects located in the heart of Bangkok with high rental demand. Currently, all three projects are ready-to-move-in condominiums designed with modern aesthetics and well-maintained facilities. These projects will be managed by Hampton Hotel and Residence Management Company, a subsidiary of Origin Property Public Company Limited.”

The investment structure for the RealX digital token will be allocated at the discretion of Token X, considering various factors such as the order of payment from investors, with those who pay first receiving priority (First come first served), relevant laws and regulations, the demand for digital tokens from different types of investors, and market conditions. This is to ensure the success of the token sale, allowing retail investors to invest up to 300,000 Baht each. The funds raised from the investment in the digital token will be used to invest in the RSTA (Revenue Sale and Transfer Agreement) to generate income from the project assets through Real Estate Integration Company, which will hold ownership of all three Park Origin condominiums, as well as cover transaction costs, loan repayments from fundraising, and working capital for the token issuer.

Token holders will receive returns in two parts:

Years 1-5: Returns will be distributed quarterly from the net rental income of the three condominium projects that serve as reference assets, with Park Luxury Company, a subsidiary of Origin Property Public Company Limited (ORI), guaranteeing a minimum net income of 4-5% per year of the digital token offering value. Returns will be paid in Thai Baht through two methods: direct transfer to the bank account for investors who retain their digital tokens in the Token X Application, and transfer to the Cash Balance account of investors who have transferred tokens to a digital asset exchange.

Years 6-10: From year 6 onwards, unsold units will be sold in the market. If market conditions are favorable in any given year, an additional +10% of the total units planned for sale that year can be sold. For example, if 15% is planned for sale in year 7, but market conditions are good, up to 25% (15% + 10%) can be sold. Once sold, the net income will be distributed back to token holders, while unsold units will continue to generate quarterly rental income for token holders.

Before purchasing the “RealX” digital token, all buyers must open a digital wallet with TokenX (a company under the SCBx financial group). After that, token holders can choose to transfer their digital tokens from the digital wallet to a certified digital asset exchange to receive returns according to the program during the 10-year period.

However, if token holders transfer the RealX investment token to a digital asset exchange, they will not be able to transfer it back to the digital wallet opened with TokenX.*

*If there are any changes to this policy, the token issuer will notify token holders accordingly.

To register for a purchase reservation, interested parties can register through the Mobile Application “TokenX” and make payments via SCB EASY** and other specified channels.

**Digital assets carry risks. Please understand and study the product characteristics, terms, returns, and risks before making an investment decision, and invest according to your acceptable risk level.

Invest Safely Through a Trusted Fund Management System

The “RealX” digital token will raise funds by issuing and offering digital tokens for investment to the public through a digital token offering service provider (ICO Portal) such as Token X Company, which is part of the SCBX financial group and has received approval from the SEC, ensuring that transactions are highly secure. Additionally, Token X's ICO Portal system has been prepared with reliable security standards and has been audited by both internal and external advisors.

This enhances investor confidence, and in collaboration with Baker & McKenzie, which serves as legal advisors, it further boosts investor trust. Thai Commercial Asset Management Company will act as a trustee to manage the assets for the benefit of investors in the “RealX” digital token.

Under the terms and conditions of the trust establishment agreement, the digital token issuer is required to transfer 100% of the shares in Real Estate Integration Company to the trustee to become the property of the trust (after this transfer, the trustee will hold 99.99% of the shares, with two Thai individuals appointed by the trustee holding one share each). The trustee will own the trust's assets and hold ownership on behalf of the trust to prevent the project assets from being sold, transferred, or encumbered without the trustee's approval or contrary to the agreement (the information statement for the digital token offering and the draft prospectus for the initial public offering of the RealX digital token have already been approved by the SEC).

Three Condominium Projects in Three Prime Locations: A New Dimension in Investment Innovation

The three condominium projects under the brand “Park Origin” that will be introduced into the RealX digital token as reference assets are new projects in high-potential locations, equipped with comprehensive facilities, transportation systems, job opportunities, lifestyle sources, and high demand:

Phrom Phong Location: Potential and Highlights

Phrom Phong is one of the central city locations that has become a Super Luxury Location, surrounded by leading amenities. The limited land for development has led to rising land prices in Phrom Phong every year. Currently, the estimated land price from the Treasury Department for 2023 in Sukhumvit Soi 24 is as high as 300,000 Baht per square wah. The Park Origin Phrom Phong project is located between Sukhumvit Soi 22 and Sukhumvit Soi 24 (with two access points), conveniently connecting to BTS Phrom Phong and Rama 4 Road. Currently, the project has a sales rate of 67.14%, and the units used as reference assets are not included in this sales figure. If the sold units are combined with the reference assets, there are currently no units left for sale in this project.

According to data from Park Origin Phrom Phong, this area has residents from both Thailand and abroad, particularly Japanese and Europeans, who are long-term expats residing in the area, with job opportunities in the CBD zones of Sukhumvit and Silom-Sathorn, as well as those seeking temporary rentals.

Moreover, Phrom Phong is a location with a Luxury Lifestyle due to the Em District (The Emporium / The Emquartier / The EmSphere), a shopping center that includes world-class brands with a total area of over 650,000 square meters. There are also opportunities from mega-projects in the Rama 4 zone, both completed and ongoing, such as the Queen Sirikit National Convention Center, UOB Bank (Head Office), The PARQ, Dusit Central Park, and ONE Bangkok, with a total investment value exceeding 172 billion Baht, attracting expats and quality demand in the future of no less than 40,000 people.

The investment return for condominiums in the Phrom Phong area can generate an average Rental Yield of 4.9% per year, with monthly rental prices depending on the size and condition of the project. According to Origin Property data, studio units sized 27-45 sq.m. can be rented for 25,000 - 35,000 Baht per month, 1-bedroom units sized 30-55 sq.m. rent for 30,000 - 45,000 Baht, and 2-bedroom units sized 50-80 sq.m. rent for approximately 55,000 - 69,000 Baht per month. The return on ownership can generate an average Cap Gain of 6.4% per year.

*Thanks to Origin Property for rental price return data.

Thonglor Location: Potential and Highlights

Thonglor is a vibrant lifestyle area that is one of the hottest locations in Bangkok. The rare location of Thonglor arises from the limited land size, making new project opportunities scarce. The PARK Origin Thonglor project is located on a beautiful plot of land (Arena 10) that connects both Thonglor and Ekkamai sois, providing easy access to Sukhumvit and Phetchaburi roads, as well as two BTS stations: Thonglor and Ekkamai. The selected units as reference assets are all simplex types to meet the demand of tenants in Thonglor and ease of maintenance.

For residents in Thonglor, data from PARK Origin Thonglor shows that the current residents include both Thai and foreign nationals, especially Japanese who have lived here for 4-5 years, either alone or with families. This is evidenced by the amenities in the area, which include shopping malls, various restaurants, and shops catering to different nationalities, particularly Japanese.

Additionally, Thonglor is a leading nightlife hub in Bangkok, filled with premium lifestyle options catering to high-spending customers. It offers a variety of amenities for families and the general public, shopping venues for foreigners, leading hospitals, and several international schools.

In terms of accessibility, Thonglor is a 'walkable' area, and there are plans for a monorail project (Gray Line) that will connect Thonglor to other areas of the city, with the nearest station being Thonglor Soi 10, close to the project.

Investing in rental condominiums in Thonglor can generate an average Rental Yield of 5% per year, with popular rental unit types being 1-bedroom units sized 30-60 sq.m. and 2-bedroom units sized 55-100 sq.m. Monthly rental prices range from 28,000 to 80,000 Baht. Tenants often prefer larger units, with over 60% of tenants in this area being Japanese, while the remaining 40% are from Singapore, Taiwan, Korea, China, Europe, and America, generating an average Cap Gain of 6% per year.

*Thanks to Origin Property for rental price return data.

Phayathai Location: Potential and Highlights

Phayathai is a dynamic area that is continuously evolving, being an inner urban area with high completeness. It has two types of public transport systems: the BTS Green Line and the Airport Rail Link, and serves as a city connector, making Phayathai a diverse area that combines commercial, employment, and medical institutions. Currently, the estimated land price from the Treasury Department for Phayathai Road is 500,000 Baht per square wah, with the PARK Origin Phayathai project located right on Phayathai Road, near the Phayathai intersection and the interchange of the BTS Green Line and Airport Rail Link.

The Terra Research team previously surveyed residents in the Phayathai area and found that during work hours, Phayathai is bustling with office workers from both Thailand and abroad, such as Singaporeans and Europeans. The area also has several ongoing mixed-use projects covering over 60,000 square meters, which will attract new demand, particularly from tech companies and medical tech firms.

The area from Phayathai to Saphan Khwai has over 40 medical institutions, with more than 7,500 hospital beds and over 25,000 medical personnel, making Phayathai a center for medical innovation in the country under the 'Yothi Medical Innovation District' project, which focuses on creating innovations in medicine, public sector innovations, and urban development, covering an area of 275,000 square meters with a development budget of 11,629.65 million Baht, clearly reflecting the growth trend in the area and attracting potential demand.

Phayathai is a diverse area close to medical institutions, job opportunities, and educational institutions. The main tenant groups in this area include doctors, nurses, medical personnel, parents of students, office workers from both Thailand and abroad (expats), and foreign clients working with automotive manufacturers due to the convenience of transportation from the airport. With strong demand, condominiums in Phayathai can generate an average Rental Yield of 4.7% per year, with studio units sized 22-29 sq.m. renting for 25,000 - 35,000 Baht, 1-bedroom units sized 28-60 sq.m. renting for 35,000 - 50,000 Baht, and 2-bedroom units sized 46-100 sq.m. renting for approximately 50,000 - 85,000 Baht per month. The growth of second-hand condominium prices can generate an average Capital Gain of 6.4% per year.

*Thanks to Origin Property for rental price return data.

The assets from the three PARK Origin projects are located in high-potential areas in the heart of the city and inner Bangkok, which are continuously developing, and future demand can be anticipated.

However, digital assets carry risks. Please understand and study the product characteristics, terms, returns, and risks before making an investment decision, and invest according to your acceptable risk level.

Investors can prepare before reserving RealX by downloading the Token X app at: https://tokenxapp.page.link/c6wA. You can register for news at https://realxtoken.finance.

The RealX Investment Token will officially open for sale from July 1-31, 2023, and can be purchased through the TokenX app as mentioned above.

Digital assets carry risks. Please understand and study the product characteristics, terms, returns, and risks before making an investment decision, and invest according to your acceptable risk level.