West Lake Garden is located in the heart of Sihanoukville port, 300 meters from the sea. The project covers holiday apartments, five-star hotels, shopping malls, commercial communities, etc. it is one of the most complete areas of Sihanoukville for living and entertainment. With the completion of the West Lake Garden, it will also become the most eye-catching high-end holiday and leisure center destination in Sihanoukville.
Located in a beautiful resort, with the best front-row seats for a zero distance, 270° view of the seascape, and each household enjoys an independent landscaped balcony, which are both functional and have an incredible wide-ranging panoramic view.
The superior quality accommodation environment is integrated with the ultimate in hotel facilities and services, to pamper guests and give them the most luxurious and comfortable time, along with the most prestigious and noble levels of enjoyment.
A hotel with luxurious casinos and comprehensive entertainment facilities. World-class casino gaming, dining, accommodation and entertainment perfectly blend high-quality life and luxurious taste.
Consists of luxury global boutiques, boutique supermarkets, gourmet restaurants, etc., to appreciate the infinite splendor of the world all in one place.
It covers tourism, consumer shopping, education, healthcare, finance, government affairs, etc., and fully meets all the requirements of life.
The XHB public chain cleverly takes leadership of the market and uses the blockchain to gain the following advantages in the shared real estate transaction market. The complete real estate transaction process involves multiple departments, including land, planning, housing management, taxation, civil affairs, public security, pricing, provident funds, commercial banks and other departments.
There are also a variety of business links available such as land transfer, planning licenses, construction licenses, pre-sale listings, contract signing, contract filing, fund supervision, bank or provident fund loan tax payments, housing maintenance fund deposits, completion acceptance, real estate registration, property management and so on.
At present, there are basically two kinds of traditional information sharing modes. One is single point-to-point data sharing, which is not suitable for multi-department data sharing, due to the large investment needed and the long time it takes to create. The second method is that each different department’s data will be sent to a centralized system, and in turn the system handles the intra-department communications.
Compared with the traditional sharing model, West Lake Garden’s blockchain-based real estate information resource sharing system has the following advantages:
Since it is a decentralized application, a single node failure or attack does not affect the entire system. Compared with traditional centralized storage systems, it has strong disaster tolerance and is very difficult to interfere with, and thus will not allow all systems to be paralyzed if there is a failure of the central system. In this way, real estate owned by the XHB platform can optimize the asset management for renting and selling.
Due to the traceability and tamper proof nature of the blockchain versus traditional centralized storage systems, it can improve the authenticity, consistency and timeliness of shared data, and at the same time reduce the trust risks of the whole system. Thus, the information regarding the real estate owned by the XHB platform is protected by transaction certification, and also allows transparency in property management and decorations.
This is mainly manifested in the smart contracts that are automatically executed by the XHB platform using blockchain, which makes the information flow smoothly, is completely transparent and simple to use. It improves the search process for buyers and sellers of real estate and reduces the costs of research before renting and selling.
Property rights are innovatively stored within the XHB platform. The information held on the blockchain, and the sharing of the benefits, are utilized to launch an era that creates a low entry threshold for homebuyers, and everyone can then speculate in the real estate market. West Lake Garden has a great distribution system so that the property rights of a house can be divided into many parts, and investors can invest according to their capital situation.
Crowdfunding represents a way to invest at a fraction of the total cost of ownership. The creation of new forms of real estate crowdfunding is one of the most popular application cases of blockchain technology in the real estate field. The technology will improve shared records, ease of group decision-making, and other basic features of the crowdfunding of real estate investments. Even clients with little money do not need to worry about being able to participate. This new way of real estate speculation under the XHB platform is free, without risk and profitable. Real estate speculation is no longer an investment opportunity for just a small number of people, now everyone can take advantage of the opportunities.
Standard method of operation
The standard method of property rights distribution is to hold the rights and interests of the underlying real estate within the XHB system platform, divide the corresponding rights and interests into several shares, and tokenize these shares. By deploying smart contracts, the issuance and circulation of tokens are set up on the digital trading platform. Tokenized real estate is directly linked to a set of specific tokens on the blockchain, and investors can purchase tokens that match what they can afford. The equity of the real estate in the system can be transferred more easily, and this system can greatly reduce the costs of buying and selling real estate.
For example, the real estate sold in West Lake Garden is tokenized, and through the deployment of smart contracts, the issuance and circulation of the tokens are set up in the XHB DAPP. There can be many changes in the practical operations. The original intention of the design of the XHB platform is that the rights and interests enjoyed by the token holders can be limited to the operating income rights of the corresponding assets, or they can be claims related to the corresponding assets, or they can have Utility Tokens (practical rights), such as enjoying discounts on the purchase of real estate. The token value is only equal to the equity of the property rights and can be converted into XHB Coins at any time to give up their interest and realize the amount.