Palace Residence allows you to trade virtual lands anywhere in the world without leaving your home.
We focus on large institutional clients. Invest in the projects of verified developers via a smart contract. No intermediaries and minimal commission.
Decentralized P2P-platform for exchange or rent of any assets and services without currency and taxation expenses.
Demand for PRT Tokens is forecasted to be 10X higher than the initial supply.
Why Palace Residence on Blockchain Technology ?
Palace Residence will push the real estate market to become truly peer-to-peer. The transition from a centralized system to a decentralized one must be smooth to mitigate implementation risks. The integrity of the Protocol can allow two parties to make a deal without the intermediation of a third party, or to use a third party when necessary.
Palace Residence Protocol will eliminate third-party brokers, lawyers and banks by adding them to the network or assuming their functions such as listings, document flow and payments. Standard registration of the title of deeds with notarized documents could take up to 30 days. A Palace Residence transaction will take less than 5 minutes.
Palace Residence has the potential to greatly reduce transaction fees by eliminating third-party intermediaries and overhead costs for exchanging assets (up to 30% of property price). The Palace Residence trading fee is 1% (a reduction of up to 30-fold compared to a traditional real estate transaction), which can be further reduced as the network grows.
Real estate owners get access to both fiat and cryptocurrency investors without traditional cross-country boundaries, which highly speeds up the property sales process. Property-specific token holders can trade them in the secondary market within the Palace Residence platform or wherever they want.
Fractional ownership enables purchasing real estate with a smaller ticket. Property-specific tokens are customized for each property and jurisdiction. Sellers receive a flexible sales instrument, and buyers can choose from a wide variety of real estate opportunities without traditional cross-country boundaries.
Ownership and transaction data is accessible to all peers on the network. It is stored in the distributed web and hashes are recorded to the blockchain. The distributed consensus is achieved via a proof-of-stake algorithm: buyers and sellers are empowered with control of their information and have more confidence in conducting transactions.
"Palace Residence | Your Dream Investment"
Your dream investment starts with the right people. Secure your family's future today and buy land in prime locations from the creators of The Palace Luxury Resort one of the largest 5 Star resort in Asia. We believe the right investment starts with the right people. Get in touch with us today to make your dream come true.
Salah Uddin Shikdar is the Founder of Melody Homes Limited joined as our Advisor. He has more than 12 years of experience in real estate business. Energetic and full of life, Shikder gives his clients above 100% and focuses on the attention to minute detail. He believes that providing SERVICE is the ultimate marketing. In this long journey he has faced a lot of issues to serve the client perfectly.
Engr. A.T.M. Habibulah
Managing Director of BestLiving Properties Limited
Engr. A.T.M. Habibulah is the Managing Director of Best Living Properties Limited.
Being a civil Engineer by profession, after retirement as the Chief Engineer from Bangladesh Water Development Board (BWDB), and a lover of architecture he has always been inspired by magnificent monuments, modern buildings, and contemporary residential buildings. We are happy to get him as our Advisor.
Belal Hossain Bhuyan
Founder Managing Director of Uday Builders & Consultant Ltd.
Belal Hossain Bhuyan is the Founder Managing Director of Uday Builders & Consultant Ltd.
He has more than 5 years experience on real estate business. He is one of the best real estate sellers in Asia. His strategy of concentrating on its core competency in management, while outsourcing functions such as architecture and construction, has allowed the organization to remain lean and has enabled management to gain a deep understanding of core functions.
Shafiul Islam Kamal
Chairman of Navana Real Estate Ltd.
Born in 1949, Mr. Shafiul Islam Kamal had his early education in science related subjects. He joined the Islam Group in 1968 to begin what was to become a successful career in the automotive as well as in construction, real estate business. In the early years, he gained valuable experience by being involved in the management of the Group's diverse business operations. He played a major role in establishing Navana as the premier car company in Bangladesh, and later, in setting up Aftab Automobiles. He was also responsible for the construction company named: Bengal Development Corporation (BDC) and he was directly responsible for the construction work of BDC in Middle East and from 1981 he was also taking care Eastern Housing Limited, then the largest real estate developing company in Bangladesh. In 1996, after the death of Mr. Jahurul Islam, the then Chairman of Islam Group, he separated from Islam Group with Navana Ltd. and Aftab Automobiles Ltd. and formed Navana Group. He has been the key person of the business of Islam Group and he was a person responsible to take care all problems and to maintain public relation with all the top politicians, bureaucrats, top military officials and other key persons. With the background and the amount of acceptability that he had, nobody else in this country enjoys that. We are happy to get him as our Advisor.
MD Golam Mostafa
CEO of Uttara Probotan city Pvt. Ltd.
MD Golam Mostafa is the CEO of Uttara Probotan city Pvt. Ltd.
UTTARA PROBORTAN CITY is a land development project of PARIBARTON PVT. LTD. It is the name that can help you to make your dreams come true by providing affordable residential real estate with a warming welcome to your requirements and preferences. Uttara Probotan city offers the best deal of investment. We can provide totally hassle free lands which will be the safe, secured and comfortable living environment for you and your next generation. It's our mission to build a peaceful residential area where you can find the total combination of amazing natural beauty and modern city. We shall endeavor to excel in every aspect of our operation and thereby provide quality products and services to our customers. Putting an active contribution in the thrust business sectors of Bangladesh and the globe, Company adhere to a strict code of conduct and ethical business of human being through responsible application of knowledge, skill and technology.
We are happy to get him on our advisory board.
KM Mahbubur Rahman
Managing Director of Bastu Shaily Housing Ltd.
He has completed B Sc Engg (Civil) from Bangladesh University of Engineenng Technology (BUET). He had been working in Real Estate sector for 15 years. Then he formed Bastushaily Holdings/Housing Ltd.
MD Mumtazul Karim
Managing Director of Tokyo Development Engineers Ltd.
MD Mumtazul Karim, Managing Director of Tokyo Development Engineers Ltd. Joined as our advisor. He has 10+ years of experience in real estate. He is responsible for key client relations, investment deals, and project finance for residential and commercial real estate in Asia.
Chairman of Japan Taguchi Construction Company Ltd.
Mr. Shigeki Taguchi is the chairman of Japan Taguchi Construction Co Ltd. He was born and raised up in Osaka, Japan. After graduation, his interest in construction led him to enter into Engineering and Construction field. He joined in GOLDCREST Co Ltd which is a famous Real Estate Company in Japan. He left GOLDCREST and founded SMS Co Ltd in 2003 in Japan with the aim of building infrastructure for medical and welfare of senior citizens. Under his visionary leadership, SMS Co Ltd listed with TSE Mother immediately and within three years of his working, SMS Co Ltd listed with Tokyo Stock Exchange, one of the world 3rd largest stock market. After leaving SMS Co Ltd, he founded TAGUCHI HOLDINGS PTE LTD in Singapore with his challenging spirit and started investment in Asian, North American countries and other part of the world. TAGUCHI HOLDINGS has already been invested and set up business in Japan, Singapore, Philippine, Malaysia, India, Cambodia, Canada and Bangladesh. In Bangladesh, he founded Japan Taguchi Construction Co Ltd. following his first visit in 2012 to contribute the infrastructural development of this country. Now he is also a member of our advisory board.
Having about 21 (twenty one) years working experience in different sectors especially real estate with some extraordinary achievements & records. Achievements & Records in Real Estate Sector: In US-Bangla Assets Ltd. - o 153 plots sold in one day and 583 plots sold by one month of the project "Purbachal American City" - Year 2009. And 3555 plots sold by starting year of the company. In Ashiyan Lands Developments Ltd. - o 19 plots sold in one day and 217 plots sold by 1 month (Project: Ashiyan City) - Year 2007. In KEARI Limited - o 102 apartments sold by one month (Project: KEARI Buruj, Kallayanpur, Dhaka) - Year 2005. In Amin Mohammad Foundation Ltd. - o 56 commercial spaces sold by 18 days & 62 apartments sold by 2 months (Project: Green Tower, Rampura, Dhaka) - Year 2001. o Had Taken the challenge of 'Ashulia Model Town & Green Model Town' projects initiative - Year 2000. o Awarded several times as a Best Seller and Team Leader. Got 6 promotions in 6 years. Finally I decided to bring our Prime Real Estate Tokens in Blockchain Technology.
Mr. Saif Khondoker completed his BBA with a specialization in Strategic Management from the University of Toronto, and his MBA from the prestigious Rotman School of Management, University of Toronto. Under his leadership, Palace Residence strives to continuously enhance its operational efficiency, strategic marketing and branding. Apart from his active involvement in the management and decision making of the company, he has also spearheaded the formation of Palace Residence. He is also a Director of the Delta Life Insurance Company Ltd, and Managing Director of Shanta Asset Management Ltd and Shanta Technologies Ltd.
Khondoker Monir Uddin
Development Team Leader
A distinguished businessperson and perceptive entrepreneur, Mr. Khondoker Monir Uddin, Development Team Leader of Palace Residence, opts to do business by providing world-class products and services in our country. With his visionary leadership and keen business knowledge, Palace Residence drives forward to not only provide superior quality products, but to demonstrate unparalleled foresight by developing projects which are the epitome of modern architecture and comfortable living. Mr. Monir completed his Bachelors with Honours and Masters degrees from the Department of Accounting, University of Dhaka. Over the past three decades he also established Shanta as one of the leading corporate houses in Bangladesh, with investments in diversified sectors, and thus has been continually recognized as a commercially important person (CIP) of the country. Mr. Monir is also a founder and Managing Director of the prestigious STS Group - which revolutionized the healthcare and education sectors of the country, as well as a sponsor Director and former Chairman of Dhaka Bank Limited.
Partha Sharothi Ray
Head of Legal
Partha Sharothi Ray completed his LLM from Dhaka International University. Professional Qualifications : Advocate, Supreme Court of Bangladesh. Year of Enrolment : 2008
M Habibul Basit
Mr. M Habibul Basit, a well seasoned professional with an illustrious track record, joined us taking up the role of Finance Director. Prior to joining, Mr. Basit held the position of Managing Director at Archroma Bangladesh Limited for two years, and Chief Operating Officer of Rahimafrooz Accumulators Limited from November 2008 till January 2013. Before Rahimafrooz Mr. Basit worked in Toronto, Canada for Strip Tech, a company specializing in metal stripping and sand blasting. Mr. Basit worked for Rekitt Benckiser in Bangladesh as a Sales Director from January 1998 to July 2001, before which he worked as a National Sales Manager for New Zealand Milk Products, Bangladesh for a span of 4 years. The start of Mr. Basit's illustrious career was at British American Tobacco, Bangladesh, where he started as a Trainee District Sales Officer in 1985 and went on to become Area Sales & Marketing Manager by 1991. Mr. Basit completed his Masters of Commerce in Marketing from the University of Dhaka, following which he acquired a Post Graduate Diploma in "Marketing Management and Physical Distribution" from Netherlands International Institute for Executive Development, Holland.
Regional Manager (Pacific region)
Mr. Ahmed is involved in associated companies which include Real Estate, Hospitality, Share Trading, Cargo Handling and Manufacturing of Concrete Products and Ceramic Tiles. He is our Regional Manager (Pacific region). He is also an Executive Committee member of Bangladesh Employers' Federation.
Mir Mahmud Ali
Regional Manager (Asia)
Mr. Mir Mahmud Ali Dilip is a stellar real estate professional with a broad experience of over 34 years. His leadership has resulted in numerous signature projects, such as the world class Apollo Hospitals Dhaka, International School Dhaka (ISD) which is the only International Baccalaureate (IB) School of the country, Delhi Public School, Dhaka. Digonto - the first true condominium of Bangladesh, The Glass House - The first steel and glass structure and many more. He is currently our Regional Manager (Asia).
MD Mujibur Rahman
Regional Manager (European Union)
Mr. Md. Mujibur Rahman is a seasoned management professional with over 35 years of extensive experience in managing renowned local and multinational organizations. He is our Regional Manager (European Union)
MD Anisul Haque
Mr. M. Anisul Haque is a result oriented finance professional with over 18 years of progressive and diverse accomplishments in renowned local and multinational organizations. He is currently practicing as a Cost and Management Accountant and Consultant and is a Fellow Member (FCMA) of The Institute of Cost and Management Accountants of Bangladesh (ICMAB). We are happy to get his as our Market Analyst.
MD Arifur Rahman
Head of Communications
MD Arifur Rahman is one of the best real estate professional. With the accomplishment of its primary goal of taking the lead in Real Estate Industry, his profound aspiration is now to achieve growth for Palace Residence through creativity and innovation. He is delighted to state that this is a company which is 'built to last' and is proud to have recurrently delivered the right engineering and construction solutions for our valued clients since its inception.
Gaus Uddin Khan
I am a professional business analyst in real estate filed. Think wisely and invest "in" the future rather than "for" the future. In order to be successful, you need to make things happen. It can be said that success which is a journey rather than a destination comes from relentless focus on shared vision, innovation and execution. The fundamental initiatives that have been taken with a number of competent professionals to provide quality habitation to citizens and to contribute to urbanization of Dhaka city, created a symbol of excellence and reliability for Palace Residence in Real Estate industry. My utmost conviction states that our uncompromised business ethics, unbounded pursuit for quality and passion to deliver excellence are the essence for this significant achievement. Consequently, to continue this voyage of not only being recognized as the very best in Real Estate Industry but also as a superior brand, I have envisioned a new era for Palace Residence With this greatest optimism, I strongly believe that this unique brand shall attain its vision successfully.
Palace Residence Roadmap
PRT Token will list on following exchanges after ICO