LABS Group, a leading blockchain-based real estate investment platform, has successfully distributed dividends to early investors of the Kunang Kunang Tent Resort project in Indonesia. This milestone reflects LABS Group’s commitment to rewarding its community members and building trust in the decentralized real estate investing space.
The Kunang Kunang Tent Resort, located in a highly sought-after area known for its natural beauty, has attracted forward-thinking investors looking for unique real estate opportunities. LABS Group has revolutionized real estate investment by leveraging blockchain technology and offering fractional ownership through tokenization.
The early investors of the Kunang Kunang Tent Resort have played a crucial role in supporting this groundbreaking project since its inception. To acknowledge their contributions and share in the project’s success, LABS Group is thrilled to distribute dividends to these esteemed community members. Despite delays caused by COVID-19 restrictions, the resort was completed in April 2022 and has gained recognition in East Java.
Despite temporary flight suspensions from Bali to Banyuwangi due to reduced travel volume, the resort’s management team, Gravity Resorts, remained resilient. The resort has achieved impressive ratings on major platforms like Booking.com (9.6), Agoda (9.3), and Google Review (4.8/5). In its first year, the resort maintained an average occupancy rate of 68% and distributed dividends equivalent to an approximate yield of 10%, demonstrating its profitability despite a slow start.
Bernard Lau, CEO of LABS Group, expressed gratitude to the early investors for their instrumental role in turning the vision of the Kunang Kunang Tent Resort into a reality. He emphasized the company’s commitment to reciprocating their trust by distributing dividends that showcase the financial potential of blockchain-based real estate investments.
LABS Group firmly believes in the power of decentralized finance to create new investment opportunities for individuals worldwide. By harnessing blockchain technology, the platform provides a secure and transparent investment ecosystem, enabling individuals to participate in real estate projects that were once limited to a select few.
This achievement not only marks the distribution of dividends but also highlights the trust and credibility that LABS Group has cultivated within its community. As the real estate market continues to evolve, LABS Group remains at the forefront, pioneering the convergence of blockchain and real estate to create innovative investment opportunities and drive 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. This collection can be purchased with the LABS native token and grants the ability to receive rewards from the profits generated by the resort operations managed by LABS Group. The majority of net profits from property operations will be equally distributed among Owner’s Circle members with the BNB token.
The proceeds from the sale of the Owner’s Circle collection will be used to establish the Owner’s Fund, which will invest in real estate-related businesses to increase the pool of rewards distributed on a monthly or annual basis, depending on the property type. With Kunang Kunang as the pilot project, purchasers will immediately see the value with proof of performance and an ever-growing portfolio of real estate projects that will be included in the Owner’s Circle collection.
LABS Group is dedicated to democratizing access to global real estate opportunities and reshaping the future of real estate investing. Through its transparent, inclusive, and forward-thinking ecosystem, LABS Group offers investors at all levels the chance to invest in iconic properties and enjoy both financial and experiential returns.
For more information, please visit the LABS Group website.