#25 Weekly Draw Winner – Mr Tay

Congratulations to Mr Tay, who is our 25th winner in our year long promotion to reward the active users on our platform!

Fun fact: Do you know that we have given out more than $1,000 to date? We are reaching the halfway mark of a 52-week-long promotion and you could be the next user who walks away with S$50 with NO STRINGS ATTACHED!

Account creation on CoAssets is free so surf away on www.CoAssets.com now!

CoAssets announce strategic partnership with Alternaty Real Estate to tap on emerging markets in Vietnam, Cambodia and Laos

Singapore, 17 October 2014 – CoAssets (www.CoAssets.com), Southeast Asia’s first real estate crowdfunding site, would like to welcome Alternaty as a partner to grow the platform in emerging markets in Vietnam, Cambodia and Laos. Alternaty is a real estate firm based in Vietnam and they specialise in the implementation and operation of alternative real estate structures.

“We are very excited to work with Alternaty,” said Mr Getty Goh, Chief Executive Officer and Co-founder of CoAssets. “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. Therefore, 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.”

Alternaty was founded by partners, Mr Rudolf Hever and Mr Mauro Gasparotti who have several years of property experience in Vietnam, Cambodia and Laos. Having worked on real estate projects across Southeast Asia, their experience encompasses working directly with top tier state owned and private developers, investors, funds and banks. Mr Hever, Executive Director and Co-founder of Alternaty commented on the partnership, “We think the concept of real estate crowdfunding is still novel in Asia, particularly in emerging markets such as Vietnam, Cambodia and Laos. As part of what our company does, we hope to help CoAssets establish ties with the alternative ownership industry whilst tapping on the already established network we have to grow the real estate crowdfunding field.” Mr Gasparotti, Executive Director and Co-founder of Alternaty, also commented, “Alternaty aims to educate large and small real estate enterprises in South East Asia on alternative financing sources and support them through the preparation stages in order to effectively access capital. We believe CoAssets will bring enormous opportunities for smaller real estate players to be able to access financing at a cost that was previously only available to larger experienced developers.”

“In terms of future plans, we are in the process of scaling our business. We are starting to see more opportunity providers from Vietnam, Cambodia and Laos requesting to list their projects on CoAssets to reach out to Singaporean investors. Despite the novelty of real estate crowdfunding, we are definitely heartened to see the warm response,” concluded Dr Seh Huan Kiat, Chief Technical Officer and Co-founder of CoAssets.

#24 Weekly Draw Winner – Mr Kevyn Sim

CoAssets pays you $50 to chase away the Monday blues! Congratulations to Mr Kevyn Sim who was drawn as our lucky winner for this week!

Kevyn is an active user on CoAssets and has found the platform to be useful in allowing him to access crowdfunding opportunities which were once reserved only for institutional investors and private equity firms. Now, even the laymen on the street can participate in crowdfunding! Find out how on www.CoAssets.com now! Account creation is free!

#23 Weekly Draw Winner – Mr Tan T K

Congratulations to our 23rd lucky winner – Mr Tan T K who walked away with S$50 WITH NO STRINGS ATTACHED!

When our staff passed Mr Tan his note, he asked incredulously if this was for real. We answered YES and all he needed to do was to use CoAssets frequently and be our active user.

If you want to be like him, stop hesitating and start using CoAssets now! Membership is free so surf away onwww.CoAssets.com!

URA releases flash estimate of 3rd Quarter 2014 private residential property price index

The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 3rd Quarter 2014 today.

Overall, the private residential property index fell 1.3 points from 209.4 points in 2nd Quarter 2014 to 208.1 points in 3rd Quarter 2014. This represents a decline of 0.6%, compared to the 1.0% decline in the previous quarter. This is the fourth continuous quarter of price decrease (see Annex A).

Prices of non-landed private residential properties declined in all market segments. In Core Central Region, prices fell 0.9%, compared to the 1.5% decline in the previous quarter. Prices in Outside Central Region fell 0.2%, compared to the 0.9% decline in the previous quarter. In Rest of Central Region, prices fell 0.1%, compared to the 0.4% decline in the previous quarter (see Annex B). Prices of landed properties fell 1.7%, following the 1.7% decline in the previous quarter.

The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter, supplemented by survey data on new units sold by developers in the quarter. The statistics will be updated 4 weeks later when URA releases the full real estate statistics for 3rd Quarter 2014, which captures more data on the caveats lodged and the take-up of new projects. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

You can also read the news release from this url : http://www.ura.gov.sg/uol/media-room/news/2014/oct/pr14-59.aspx