CoAssets looks to emerging Asia

Southeast Asias first real estate crowdfunding platform, CoAssets, has teamed up with real estate firm Alternaty broaden its business activities throughout emerging Asia.

Getty Goh (pictured), Chief Executive Officer and Co-founder of CoAssets , said: We are very excited to work with Alternaty.

We recognise that Alternaty is spearheading the growth and acceptance of alternative ownership through advocacy, education and dissemination of news and information in developing countries.

Through this strategic partnership, we hope to team up with Alternaty to grow the real estate crowdfunding movement in emerging markets and, more importantly, allow investors in these countries to leverage on technology and use CoAssets as an online platform to assess real estate investment opportunities that were once reserved for institutional investors and private equity firms.

Alernaty founding partner and Executive Director Rudolph Hever, said: We think the concept of real estate crowdfunding is still novel in Asia, particularly in emerging markets such as Vietnam, Cambodia and Laos.

CoAssets was launched in July 2013 and says more than S$30 million has been successfully invested in real estate via their crowdfunding platform.

Andrew Batt, International Group Editor ofPropertyGuru Group, wrote this story. To contact him about this or other stories emailandrew@propertyguru.com.sg

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