SINGAPORE - Media OutReach -
13 November 2018 - PropertyBay, an
integrated property development and investment company, today announced the
launch of its Dunk Island Project -- a unique investment opportunity that
enables existing BTC or ETC investors to invest in property. The project focuses on the redevelopment of
Dunk Island, a tropical island in Australia's Great Barrier Reef, to create a world-class, eco-lux, smart-tech blockchain
centric development with a tokenised foundation.
The project will
begin with an initial US$110 million capital raise to support the development
of phase one, which includes a 5-star hotel, luxury villas and glamp-site.
Construction will commence build in early 2019, with an open-for-business
projected for 2021. Private sale completion is expected to close this week, and
PropertyBay will begin pre- and main sales targeted at crypto-currency
investors in the week of November 19.
"We're excited to
offer this first of its kind opportunity for BTC and ETH investors to buy into
and own a share of this unique property offering, with the added benefit of it
being a tangible asset with economic value -- the ownership, participation and
profitability of an integrated resort on one of the Great Barrier Reef's most
iconic islands," said Tim Sommers, co-founder of PropertyBay.
Early investors for
the Dunk Island Project who invest more than 100 BTC or 3000 ETH will also have
exclusive access and additional rewards.
The PropertyBay tokenization
program will initially be established as a Managed Investment Scheme until a
regulated platform has been developed in Australia.
PropertyBay is an integrated property development and
investment company. We create and manage world class luxury resorts using smart and blockchain
technology to set new standards in eco tourism.
information on The Dunk Island Project and PropertyBay can be found here: