‘Real Estate Fractional Investment’ LucentBlock Pays Third Rental Income to Investors

[Asia Economy Reporter Ryu Taemin] LucentBlock, which operates the real estate fractional investment platform ‘Soyu,’ announced on the 20th that it has paid the first rental income for its second public offering building, ‘Itaewon Saevige Garden.’ The rental income was deposited in proportion to the number of Saevige Garden revenue securities held as of the 30th of last month.

Soyu is a real estate fractional investment service that divides high-priced commercial buildings into small units of revenue securities for trading. It was designated as an innovative financial service by the Financial Services Commission in April last year, and currently has two buildings listed and being traded. In addition to rental income deposited monthly like rent, it provides investors with the experience of being a building owner through benefits such as discounts and vouchers.

The ‘Itaewon Saevige Garden,’ which paid rental income this time, is a vegan cafe located in Itaewon-dong, Yongsan-gu. It is a plant-themed interior space inspired by Western botanical gardens from the 1960s and 70s and has become a hot topic on social media. Yongsan-gu, where Saevige Garden is located, is an area where actual transaction prices have risen recently due to favorable factors such as the relocation of the presidential office and the opening of Yongsan Park. Soyu purchased Saevige Garden before these favorable events and conducted the public offering at a listing price lower than the current market price.

Owning Saevige Garden entitles investors to monthly rental income as well as building owner benefits. Even owning 1 SOU of Saevige Garden grants a permanent 10% discount at the Saevige Garden store. Owners holding more than 400 shares receive an additional 10% discount at ‘Lazy Farmers,’ a vegan restaurant adjacent to Saevige Garden, and those who have invested more than 1,000 shares receive a permanent 15% discount at both Saevige Garden and Lazy Farmers.

LucentBlock paid the first rental income for its first public offering building, ‘Anguk Downtowner,’ at the end of August. This is a handmade burger brand located near Anguk Station on Line 3. The public offering was conducted in June as Soyu’s first building and was sold out within 2 hours and 52 minutes after the start of the offering. Subsequently, at the end of last month, the second rental income was paid after about a month.

LucentBlock CEO Heo Seyoung said, “The second public offering building, Saevige Garden, has also started paying rental income,” adding, “We will prove that this is a trustworthy service to invest in by steadily paying rental income and providing building owner benefits.”

This content was produced with the assistance of AI translation services.