25 Jun '14, 1pm

Asian property crowdfunding investors paid back two years early: A Singapore institutional investor has paid b...

Asian property crowdfunding investors paid back two years early: A Singapore institutional investor has paid b...

Singapore-based institutional investor Polaris Pte Ltd has paid back investors two years early and says that for raising small amounts, crowdfunding is less hassle than borrowing from banks A Singapore institutional investor has paid back crowdfunding backers of an overseas real estate deal two years early – and says the system is less bureaucratic than borrowing small amounts from banks. Polaris Pte Ltd attracted investors on the CoAssets.com crowdfunding site to help it raise S$80,000 (US$64,000) in a three-year pilot deal, which it needed in July 2013 for an overseas property project. Individual investment ranged from S$4,000 (US$3,200) to more than S$20,000 (US$16,000). Getty Goh, Chief Executive Officer of CoAssets, says, “Although full repayment is due in July 2016, we are happy to share that they will be making full repayment to the funders after just one year.” “Ap...

Full article: http://www.opp-connect.com/25/06/2014/asian-property-crow...

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