30 Jan '14, 7am

Interesting investment alternative. Something that might take off in Asia?

Southeast Asia’s first real estate crowd funding and group buying platform has secured investment from Singapore’s Media Development Authority that will enable it to further its regional aspirations. CoAssets.com was launched in Singapore during July and has seen growth from 200 to more than 1,300 registered users within just a few months. The support from MDA came through its Interactive Digital Media Program which provides investment funding for startups. Getty Goh, Chief Executive Officer at CoAssets, told PropertyGuru : “While real estate crowd funding has gained wide acceptance in the United States, it is still a relatively new idea in Asia.” “If you think hard, real estate crowd funding is nothing new and many Singaporeans are already doing it in the offline environment. At present, we see family members, friends and even strangers, coming together to crowd fund prop...

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

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Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other storie...