Propbase's latest real estate tokenization project, Blossom Residences Sathorn, sold out in just two hours on November 10, raising $85,800 USDC. The sale involved 858 tokens priced at $100 each, marking the company's fastest and most successful campaign to date. Located in Bangkok's Sathorn Central Business District, the property offers a projected 6.28% net yield and a two-week lock-up period.
Over 350 users pre-registered for the sale, with 60% of tokens sold within the first five minutes of the Platinum Round. Developed by Siamese Asset PLC, the property promises a 6.90% gross rental yield and 6% annual capital appreciation. Tokens will be tradable on Propbase's secondary marketplace post lock-up, with rental income distributed monthly in USDC. This marks Propbase's fifth tokenized property, following successful projects like Wyndham Queen Hotel and Ramada Plaza by Wyndham.
Propbase's Blossom Residences Token Sale Sells Out in Record Time
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