17 Aug '17, 10am

This proptech company is changing real estate investment with blockchain - PropertyGuru Singapore

Fundamentally, the older generation are “victims of their own success,” explains Tan Kok Keong, CEO and Co-Founder of Singapore-based REMS Advisors and FundPlaces. “They have enjoyed big spikes in asset prices over the last 10 years, so they are stuck in the old way of thinking: that investing in property is all about ownership.” This is all soon to change, predicts Tan, citing the internet-centric way millennials respond to the world, as well as the rise in disruptive companies such as Airbnb and Uber, which have changed how people consume goods and services. “We’re trying to bring this same difference to the real estate investing sphere. Traditionally when people venture into property investments, they will most likely buy a residential apartment somewhere. But millennials generally don’t have as much to invest as their parents, so breaking down investments into smaller ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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