Singapore-based CoAssets, the first real estate crowdfunding platform in ASEAN which was launch in July 2013, closed a Series A S$1 million ($799,800) investment round led by private investors at a S$13 million valuation.
CoAssets crowdfunds residential and commercial properties in Asia, Australia, the UK and the US. Membership has grown from an initial 200 to over 6000, spread across Singapore, Malaysia and the region. It provides developers, agents and property owners with alternative capital for property projects, linking them to investors keen on co-developing projects and co-purchasing units.
