Vista Tower
Security Token Offering

One of Malaysia's earliest compliant property tokenization initiatives (criteria: Labuan-compliant STO; asset: listed REIT exposure; as of 31 Mar 2025)

RM 100M
Property Value
As of 31 Mar 2025
58%
Occupancy Rate
As of 31 Mar 2025
Q4 2025
Launch Date
Phase-dependent
Phase 1 (private placement): higher ticket sizes typical; Phase 2 (ECF): retail limits apply; Phase 3 (Bursa listing): board-lot rules apply
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How It Works

Traditional REIT

High Entry Barrier

Public market access typically via board-lot purchases by retail investors; wholesale/private placements may carry higher minimums.

Complex Paperwork

Extensive documentation and approval processes

Slow Settlement

Days or weeks for transaction completion

Limited Liquidity

Difficult to sell portions of investment

VS

Vista Tower STO

Fractional Access

Tokens display in RM1 denomination (UI). Issue price and secondary pricing follow the token's pricing logic (see term sheet).

Digital Process

Streamlined KYC and automated compliance

Instant Settlement

Real-time transactions via blockchain

Enhanced Liquidity

Trade tokens anytime on secondary markets

Three Simple Steps

1

Register & Verify

Complete KYC verification through our secure platform

Like opening a digital wallet at your favorite e-commerce site
2

Choose Investment

Select number of Vista Tower tokens based on your budget

Like buying shares in an online trading app
3

Earn Returns

Receive quarterly dividends from Vista Tower's rental income

Like earning cashback rewards automatically in your account

Benefits for All Stakeholders

Investors

  • Lower minimum investment
  • Enhanced liquidity
  • Transparent returns
  • Portfolio diversification

Property Developers

  • Faster capital raising
  • Broader investor base
  • Reduced financing costs
  • Marketing advantages

Regulators

  • Enhanced transparency
  • Automated compliance
  • Real-time monitoring
  • Reduced systemic risk

Market Ecosystem

  • Increased market efficiency
  • Innovation catalyst
  • Financial inclusion
  • Economic growth

Technology Advantages

Blockchain Security

Immutable transaction records and smart contract automation

Automated Compliance

Built-in regulatory checks and real-time reporting

Full Transparency

Open ledger with complete transaction visibility

Cost Efficiency

Reduced intermediaries and automated processes

Who Is This Investment For?

Institutional Investors

Pension funds and family offices seeking regulated real estate exposure with blockchain efficiency.

  • CMSA (Capital Markets and Services Act 2007) full compliance
  • Institutional-grade reporting
  • Transparent governance
View Institutional Package →

High Net Worth Individuals

Sophisticated investors seeking prime KLCC (Kuala Lumpur City Centre) property exposure with progressive liquidity options.

  • RM 3M+ net assets qualified
  • Portfolio diversification
  • Future REIT conversion
Check Qualification →

Islamic Finance Investors

Shariah-conscious investors seeking compliant real estate investment with transparent structure.

  • Musharakah structure
  • Structured to avoid riba; subject to certification
  • Automated Zakat calculation
View Shariah Certificate →

The Asset: Vista Tower

62-Storey Grade A Office

Prime KLCC Location • The Intermark

Vista Tower stands as a landmark in Kuala Lumpur's premier business district, offering institutional-grade office spaces with panoramic city views.

Location
Jalan Tun Razak
Net Lettable Area
555,000 sq ft
Valuation Basis
[Appraisal/NAV (Net Asset Value) component]. As of 31 Mar 2025. Illustrative
Occupancy Trend
35.5% → 58%

Your Investment Journey

Q4 2025

Private Placement Launch

Initial offering to sophisticated investors under CMSA (Capital Markets and Services Act 2007) Schedule 6 exemptions.

Public market access typically via board-lot purchases by retail investors; wholesale/private placements may carry higher minimums
  • Active Custodian Registry live
  • Attestation SBT (non-transferable) minted (no rights) referencing deed/license hashes

Token mapping: 1 Bursa unit = 1,000 tokens (programmatic). See term sheet for economic rights and pricing formula.

Security token standard: ERC-3643/1400 class with KYC/AML (Know Your Customer / Anti-Money Laundering)-gated transfers.

Q2 2026

ECF Platform Integration

Opening to retail investors through licensed equity crowdfunding platform.

Limit: RM 10,000
Q1 2027

Listed REIT Conversion

Full public accessibility via Bursa Malaysia listing.

Access via Bursa listing subject to board-lot rules (venue-defined)

Built on Regulatory Excellence

Full compliance with Malaysian securities law, ensuring investor protection and regulatory certainty from day one.

CMSA 2007 Compliant
SC Malaysia Registered
REIT Manager: AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (AKRM)
Shariah certification: Pending / In review
Licensed Trustee Custody

Calculate Your Returns

RM 318,775
Projected Value After 3 Years

Shariah-Compliant Structure

Musharakah Partnership

70/30 profit sharing structure between investors and management, ensuring aligned interests and transparent distribution.

Asset-Backed Investment

100% backed by tangible Vista Tower property, providing real value and eliminating speculative elements.

Automated Zakat Calculation

Smart contract automatically calculates 2.5% Zakat for holdings exceeding one lunar year.

Structured to Avoid Riba

No interest-based returns or financing, structured to avoid riba; subject to certification with Islamic financial principles.

Why Vista Tower STO?

Feature Vista Tower STO Traditional REIT Direct Property
Minimum Investment Phase-dependent (private placement/ECF/Bursa); UI shows RM1 denomination (not a price peg) RM 1,000 RM 500K+
Liquidity Progressive (2025-2027) Daily trading Illiquid (3-6 months)
Management Fees Smart contract automated 1-2% annually Agent fees 2-3%
Transparency Blockchain verified Quarterly reports Limited
Islamic Finance Built-in compliance Varies Manual structuring
Entry Barrier Sophisticated investors Public High capital

Begin Your Investment Journey

Join Malaysia's pioneering property tokenization project. Secure your position in Vista Tower's digital transformation.

Qualify as Investor

Investor Qualification

Please complete the form below to determine your eligibility for Vista Tower STO investment.

Eligibility Requirements

  • Sophisticated Investors: Net assets of RM 3 million or annual income of RM 300,000
  • High Net Worth Individuals: Net personal assets exceeding RM 3 million
  • Malaysian Residents: Priority access during private placement phase
  • Institutional Investors: Pension funds, family offices, and licensed entities

Investment Qualification Assessment

Roowang

Vista Tower STO – Strategic Executive Summary

Revised and Fact-Checked | ARREIT · Roowang | December 2024

Executive Overview

Vista Tower Security Token Offering (STO) represents Malaysia's pioneering venture into regulated property tokenization, targeting the transformation of traditional real estate investment through blockchain technology. This initiative, developed in partnership with AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (AKRM), introduces fractional ownership of Vista Tower, a 62-storey Grade A office building located in Kuala Lumpur's premier business district.

Key Investment Highlights:
  • Property Value: RM 100 Million
  • Current Occupancy: 58% (recovering from 35.5%)
  • Launch Date: Q4 2025
  • Public market access typically via board-lot purchases by retail investors; wholesale/private placements may carry higher minimums
  • Target Annual Yield: 8.5%

Investment Opportunity

Market Position

Vista Tower is strategically positioned within The Intermark complex on Jalan Tun Razak, offering 555,000 sq ft of net lettable area. The property benefits from KLCC's premium location, with direct access to public transportation and proximity to Malaysia's financial center.

Progressive Investment Access

The STO follows a three-phase democratization approach:

Property Details

Asset Specifications

Property Type Grade A Office Building
Location The Intermark, Jalan Tun Razak, KLCC
Total Floors 62 Storeys
Net Lettable Area 555,000 sq ft
Valuation Basis [Appraisal/NAV (Net Asset Value) component]. As of 31 Mar 2025. [Mark as Illustrative if not final]
Occupancy Rate 58% (Target: 85%)

Revenue Performance

Vista Tower has demonstrated strong recovery metrics, with occupancy improving from 35.5% to 58% over the past 18 months. The building commands premium rental rates within the KLCC submarket, with average gross rents of RM 6.50-8.00 per sq ft per month for fitted office spaces.

Financial Projections

Revenue Model

The STO operates on a transparent revenue-sharing model:

Projected Returns (Based on 85% Target Occupancy):
  • Annual Gross Yield: 8.5-10.2%
  • Quarterly Distributions: 2.1-2.6%
  • Management Fee: 1.5% (vs. traditional 2-3%)
  • Total Expense Ratio: <2%

Occupancy Scenarios

Occupancy Rate Gross Annual Yield Net Annual Yield Quarterly Distribution
60% (Current) 7.2% 6.8% 1.7%
75% (Conservative) 9.0% 8.5% 2.1%
85% (Target) 10.2% 9.6% 2.4%
95% (Optimistic) 11.4% 10.8% 2.7%

Risk Factors

Market Risks

Technology Risks

Mitigation Strategies

Regulatory Framework

Compliance Structure

Vista Tower STO operates under full Malaysian securities law compliance:

Investor Protection

Technology Infrastructure

Blockchain Implementation

The STO utilizes enterprise-grade blockchain infrastructure:

Security Measures

Investment Process

Qualification Requirements

Phase 1 (Q4 2025) - Private Placement:

Phase 2 (Q2 2026) - ECF Platform:

Investment Steps

  1. Qualification: Complete investor suitability assessment
  2. KYC Verification: Submit required documentation
  3. Investment Agreement: Review and sign subscription documents
  4. Token Allocation: Receive digital tokens representing ownership
  5. Ongoing Management: Receive quarterly distributions and reports

Competitive Advantages

vs. Traditional REITs

vs. Direct Property Investment

Management Team

Key Partners

Governance Structure

Market Outlook

KLCC Office Market

The Kuala Lumpur City Centre office market is experiencing gradual recovery post-pandemic, with prime Grade A buildings showing resilience. Key trends supporting Vista Tower's performance:

Tokenization Market

Malaysia is positioning itself as a regional leader in digital asset regulation, providing a supportive environment for STO development. Market indicators include:

Contact Information

Investor Relations

ARREIT · Roowang Investment Portal
Email: investors@arreit.roowang.com
Phone: +60 3-2161 2929
Website: arreit.roowang.com

Professional Advisors

Legal Counsel: [To be appointed] (Placeholder)
Auditors: [Big 4 Accounting Firm] (Placeholder)
Property Valuers: [Licensed Property Valuer] (Placeholder)
Tax Advisors: [Tax Advisory Firm] (Placeholder)

Disclaimer: This executive summary is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities. All investments carry risk of loss. Past performance does not guarantee future results. Potential investors should conduct their own due diligence and consult with qualified advisors before making investment decisions.

Generated by ARREIT · Roowang
Excess Accessible

Roowang

Custodian Change Flow

```mermaid
sequenceDiagram
  participant Board
  participant Trustee
  participant Registry
  participant SBT as Attestation SBT
  Board->>Trustee: Appoint / Replace (signed deed)
  Trustee->>Registry: Update active custodian (address,status,validFrom,docHash)
  Trustee->>SBT: Mint new attestation; revoke prior
  Registry-->>Holders: Emits event (ActiveCustodianChanged)
  Note over Registry,Holders: Distribution engine checks Registry before payouts
```

Disclosures — Document Hash Index

Title Date CID/Hash
Trust Deed (redacted) 31 Mar 2025 bafy...
Trustee License 31 Mar 2025 bafy...
Valuation Letter 31 Mar 2025 bafy...

Privacy/PDPA: We publish only document hashes (no PII) on-chain; documents remain off-chain with regulated access.

Attestation SBT (non-transferable): public audit token only; no legal or economic rights attached.