MTCC News 1/22

I MEMBER'S CORNER
Dr. Supareak Charlie Chomchan
Managing Director of Azure Rich Group Co., Ltd.
FRACTIONAL OWNERSHIP IN A PROPERTY
Fractional ownership is not new in property, it is well known
in many European countries where luxury vacation houses
are located in such places as Portugal, Spain, Monaco, etc.
The value of such investments can vary from a few hundred
US dollars to millions of US dollars. With certain sized
investments, it would be hard for small retail investors to
access the property, and with the nature vacation houses
where it is not only used for personal leisure but also to rent
it out with expected returns on investment. Therefore,
without fractional ownership this class of asset is traditionally
limited to sophisticated investors only.
Fractional ownership is an opportunity in which a group of
like-minded people own a residential or commercial property
together and become fractional owners. Purchasing the
asset and dividing the expensive cost into multiple parts
allows people to participate in new opportunities at a fraction
of the cost usually required. In other words, it is a bit like
crowdfunded investments. Traditional fractional ownership
can vary but examples exist in 50%, 25% and smaller
fractions. It is very common to bring friend(s) to purchase an
asset such as a vacation house, luxury car, luxury yacht and
share the ownership in the asset through the legal registration.
Not only the asset is shared but also the costs of renovating,
furnishing and outfitting the property are shared. All
parties can have a separate agreement which defines the
right of the use and the right to earn rental income under the
Civil and Commerce Code of contractual parties' juristic
country. The interval of personal usage or the right of investment
return can be weekly, quarterly or on a semi-annual
basis upon the consensus of all owners and it commonly
rotates the right every year so that all owners have the different
interval throughout the life of the ownership.
For Thailand, fractional ownership can be registered at the
local land office where the property locates. The registration is
under "Joint Tenant" or "Joint Owner'', depending on the asset
class whether it is leasehold or freehold respectively. However,
the challenge is only when any fraction wishes to transfer
the right to the other. This requires the consensus from all
owners of the asset to agree and to present at the land office
to re-register the ownership with the new fraction owner.
Nowadays the fractionalized ownership is going to the next
level with blockchain technology. In the other words it called
"Tokenization" of the asset or "Asset Backed Tokenization"
or "Security Token Offering (STO)" which have been
released to the market recently. With this approach, it can
attract the new generation of investors who do not have big
savings or large cash deposits to invest into property assets
or are familiar with the Cryptocurrency market. The token
can represent the ownership right of the asset and other
rights which are specified in the White Paper. It can be a
range of the rights that token holder can exercise, depending
on the issuer of the Token, such as dividend, rental
return, voting right, share of the company, etc. Recently
most of the investors in Cryptocurrency market have experienced
and have a significant loss from market fluctuation.
The coins or tokens which have no fundamental principal
backing become less attractive than the asset backed token.
The benefits of fractional ownership are the following:
1. Investment cost: It gives a liquidity to the asset with lower
acquisition costs so it is affordable by smaller investors.
2. Maintenance: The asset is utilized without leaving vacant
for weeks during the year. By sharing ownership, the property
will be opened up at regular intervals like opening or closing
windows and doors, running the water, turning on the air condition.
All of these are essential to maintaining the property.
3. Shared burden: All costs relate to maintenance, annual
property tax, community fee, contribution to sinking fund are
shared to all owners.
4. Rental income: Upon agreement among the owners, if it
permits to allow the fraction owner to rent it out during individual
ownership interval, the fraction owner will have a potential
income from the rent.
Nebu Residences, Na Jomtien, Sattahip,
Chonburi Thailand
Azure Rich Group Co., Ltd. a subsidiary of Pacific Rim Rich
Group Co., Ltd. now develops a hotel project named Nebu
Residences which located at Na Jomtien, Sattahip, Chonburi,
the heart of Eastern Economic Corridor (EEC). It comprises
of 7 hotels on 64,000 square meters land with health
and wellbeing center, premium F&B outlets, large lagoon
pool, beach bar, music stage, co-working space and commercial
space for MICE activities. The project accommodates
totally 950 keys of hotel room managed under
Ramada by Wyndham® and Ramada Encore by Wyndham®.
Nebu Residences offers fractional ownership in
hotel rooms with both traditional ownership of 25%, 50%
and 100% and with Tokenization which soon will be offered
to the market in the fourth quarter of 2022. Now you can
own fraction(s) of a hotel and receive rental income from
the hotel as a hotel owner with Nebu Residences. For more
information, please visit www.nebuworld.com or
https://bit. ly/3A0Z4 7 g.
119 MTCC NEWS I June 2022

By Samitivej Hospitals
| HEALTH CORNER
Continued from page 25
after the initial COVID-19 illness and can affect many other body systems, including the heart, lungs, kidneys, skin
and brain. The body’s immune system can also inadvertently attack healthy cells within the body, resulting in MIS
which causes fever, diarrhea, shock and kidney failure. These conditions usually occur 2-4 weeks after recovery
from COVID-19. In addition, effects of the illness or hospitalization, especially for patients who have been treated
in the intensive care unit (ICU), can include post-intensive care syndrome (PICS), which refers to health effects
such as severe muscle weakness, problems with thinking and judgment, and post-traumatic stress disorder
(PTSD), all of which take time to heal and recover from.
LONG COVID CENTER
CLINICAL OUTCOME
At Samitivej Hospital, we believe in prevention over treatment. Our Long COVID Center focuses on preventive
medicine through a comprehensive take on healthcare. 30–50% of patients infected with COVID-19 are at risk of
developing Long COVID, which involves symptoms that develop around 4 weeks after the initial infection, can last
6 months or more, and differ from case to case. We are therefore committed to provide healthcare services for
patients suffering from Long COVID, including treatments and personalized health programs that cover a wide
range of healthcare, from physical assessments to diagnostic procedures and general treatment planning. All of
this is overseen by our team of experts and medical staff specializing in various related fields. By using the latest
equipment and technologies, they are able to provide the highest standard of care while ensuring the most effective
recovery possible. The main objective of our Long COVID Center is to restore a high quality of life for these
patients, meaning they are able to make a swift return to their daily lives and former levels of physical activity.
Whether our patients are young, middle-aged, or elderly, the Long COVID Center at Samitivej Sukhumvit Hospital
is ready and able to provide all the assistance necessary to help make a full recovery.
LONG COVID CENTER SERVICES
The Long COVID Center offers the following treatments for
these symptoms:
• Long COVID symptom monitoring services alongside
comprehensive anti-aging techniques
• Physical rehabilitation through intravenous vitamin
recovery treatments
• Physical rehabilitation and immunity boost with
personalized intravenous vitamin treatments
• Health screening packages, including heart disease
risk assessments
• Premium hair treatment packages used to reduce hair loss
• Pulmonary rehabilitation treatments for patients recovering
from a COVID-19 infection
• Physical therapy and lung rehabilitation therapy services
• Vaccine services to ensure pulmonary protection
Reference
https://www.samitivejhospitals.com/center/detail/long-covid-center
https://www.samitivejhospitals.com/article/detail/long-covid
l 26 MTCC NEWS l June 2022

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