Short Story

To provide funds to the project developer for the construction of 435 affordable housing units in Bogor, Indonesia.

Griya Cariu

Cariu, Indonesia
Pledge :
100.00%
Raised :
100.00%
    "Retail investors: Base ROI Silver investors: 1% higher ROI Gold & Platinum investors: Exclusive ROI"
  • Projected Return

    6.8%

  • Duration

    4.8 months

  • Goal

    SGD $109,700.00

  • Raised

    SGD $109,700.00

  • Time Remaining

    0 day(s) to go

This campaign is fully funded.

About the campaign creator

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Yousuf (Test Trans) Sultan
Cariu, Indonesia
38 Campaigns | 0 Loved campaigns

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AKBS has engaged PT Ethis as a co-developer for the Griya Cariu Indah Estate in Bogor. PT Ethis needs S$331,579 from EthisCrowd to co-fund the construction of 130 units for phase 2 of this project. The first 90 units in Phase 1 are already completed and payment from Bank BTN Syariah approved.

Each house was sold at IDR104mill (appx S$11,000), and AKBS has issued a standing instruction to the bank stipulating IDR30mill from the payment of the first 130 houses will go to PT Ethis, which will then pay EthisCrowd investors their agreed share. This Standing Instruction is already issued, thus PT Ethis will be receiving payment for the first 90 completed and approved units. The bank is expected to begin paying in 1 month for 10-20 units weekly. Thus the first 130 units is projected to be paid in 3 months.