Proptech company powered by Shokworks, Metrospaces Inc (OTCMKTS:MSPC), on September 16, 2021, commenced construction of an extra 3 villas at Infinity View Villas. The firm will also set up partial ownership as sales strategy for Phase 3.
The commencement began with excavations and ground movements and the firm has confirmed that delivery of the villas will happen in a year’s time.
MetrospacesInc will be taking a differential marketing approach as compared to its Phase 1 project and the firm intends to sell Phase 3 villas by giving under partial ownership. The buyers will get the option of enjoying villas and stay or even rent out to tourists for getting a larger return. Metrospaces will also permit payment of partial ownership acquisition through multiple crypto coins.
Brito said that sales of the villas under partial ownership will enable smaller investors to invest in hospitality properties in the Dominican Republic generating high returns. Furthermore, the company will enable buyers to exchange partial property into stable tokens once the platform is functional and completely compliant for permitting investment liquidity.
Metrospaces is keen on the project as it will be profitable besides serving as inventory for its MetroHouse and MetroCrowd platform. Brito added that the firm has executed a new plan for expediting construction enabling Phase I to be delivered by end of 2021, 4 months ahead of schedule.
