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 achievement highlights 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. In recognition of their contributions and to share in the project’s success, LABS Group is thrilled to distribute dividends to these esteemed community members. Despite delays caused by COVID restrictions, the resort was successfully 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 hotel management team, Gravity Resorts, remained undeterred. The resort has received impressive ratings on major platforms such as Booking.com (9.6), Agoda (9.3), and Google Review (4.8/5). In its first year, the resort achieved an average occupancy rate of 68% and distributed dividends with an approximate yield of 10%, demonstrating profitability despite a slow start.
Bernard Lau, CEO of LABS Group, expressed gratitude to the early investors, stating, “Our early investors have been instrumental in turning the vision of the Kunang Kunang Tent Resort into a reality. We’re excited to reciprocate their trust and faith in our platform by distributing dividends that demonstrate 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 offers a secure and transparent investment ecosystem, allowing 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 emphasizes the trust and credibility that LABS Group has built within its community. As the real estate market continues to evolve, LABS Group remains at the forefront, pioneering the integration 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 provides the ability to receive rewards from profits generated by resort operations managed by LABS Group. The majority of net profits from property operations will be distributed equally 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 type of property. The Kunang Kunang project serves as the pilot project, offering immediate value and proof of performance, with an ever-growing portfolio of real estate projects under the Owner’s Circle collection.
For more information, please visit the LABS Group website.
About LABS Group:
LABS Group is a blockchain-based real estate investment platform that aims to democratize access to global real estate opportunities. It utilizes blockchain technology and fractional ownership to enable individuals to invest in iconic properties, providing both financial and experiential returns. With a mission to reshape the future of real estate investing, LABS Group offers a transparent, inclusive, and forward-thinking ecosystem for investors of all levels.
For Partnerships & Investing: partnerships@staynex.com