Like in the traditional real estate market, the income will not accumulate while the apartment is not rented out. However, this situation is unlikely: Binaryx Platform picks the most attractive locations with high demand for rent. Currently, we are selling a penthouse in Parq Ubud – one of the best residential complexes in Bali where tenants have to stand in line for months to rent an apartment.
Household issues do occur in any home: from leaky faucets to fridge malfunctioning. During every property sale, Binaryx fills up a maintenance reserve fund to fix those problems without any extra cost for property owners or tenants. To secure properties from all potential larger-scale damages, we will open an insurance program for investors. Property owners will be able to insure their real estate if they find it necessary.
We are listing properties in Bali because the real estate market here is growing due to robust objective factors, and we picked one of the best residential complexes on the island. The probability of sudden price drops or bubbles is extremely low. However, it is never zero, and we understand that. That’s why we enable diversification: in the next few months, we will start listing properties in the UAE and Europe. Binaryx customers will be able to avoid any risk by investing in multiple properties across the world.
Binaryx is a platform that makes it convenient to manage real estate tokens. However, once you’ve purchased the tokens, your ownership of the property is recorded on the blockchain and remains intact whatever happens to Binaryx Platform.