#13 weekly draw winner – Ms Catherine Ong

Our heartiest congratulations to Ms Catherine Ong, who’s our lucky 13th winner for our year long weekly draw!

Every week, we’ll draw a lucky winner from our database of 3,000 users and who knows, you might be the LUCKY ONE! Simply use www.CoAssets.com for quick property news bites, interactive research tools and more! Best part of all? Sign up is absolutely FREE so what are you waiting for?

Another successful deal! – Project listed on CoAssets.com to make early redemption and pay crowdfunders in July 2014

CoAssets (www.CoAssets.com), South East Asia’s first real estate crowdfunding site, is pleased to announce another successful real estate crowdfunding deal.  Polaris Pte Ltd, a Singapore based opportunity provider listed on CoAssets, will be making an early redemption in July 2014 and paying crowdfunders the principal as well as proceeds from the opportunity.

“While we are starting to see interests in this area, there is still some way to go before real estate crowdfunding gains mainstream acceptance.  Hence, we are continuously trying to demonstrate how crowdfunding can add value to the various stakeholders through such successful deals.  Polaris listed the opportunity in July 2013 with a projected time horizon of three years.  Although full repayment is due in July 2016, we are happy to share that they will be making full repayment to the funders after just one year,” said Mr Getty Goh, Chief Executive Officer of CoAssets.

“Apart from the early redemption, this opportunity is unique in several aspects.  First is the ‘co-ownership’ arrangement where unrelated users came together with the opportunity provider to fund the purchase of a single unit.  Second is the amount that the opportunity provider was trying to raise – less than S$100,000.  Third, as the property was based overseas, the opportunity provider used a local asset as collateral to safeguard funders’ interest.  As a platform, we do not get involved in the deal.  Everything is privately discussed between the stakeholders and secured by contractual agreements.  However, this validates that real estate crowdfunding can work and it shows us that there is demand for such services,” he added.

This was one of the pilot real estate crowdfunding projects administered by CoAssets and the total amount raised was S$80,000 with individual contributions ranging from as little as S$4,000 to more than S$20,000.

“In reality, we have more than S$20 million worth of assets in Singapore and we could have easily secured a credit facility with one of the banks to buy the overseas property.  Nonetheless, we were intrigued by the whole crowdfunding idea and decided to give CoAssets a try.  While we will still go to banks for our major financing needs, we found that crowdfunding offers a less bureaucratic route to fund smaller amounts.  More importantly, crowdfunding gives us the opportunity to meet like-minded individuals and the network is something we can tap on if we decide to undertake larger projects in future,” commented Mdm Ee Ni Goh, Director of Polaris Pte Ltd.

“In today’s digital age, the world is starting to be more interconnected.  As a result, many of the brick and mortar businesses have started to move online. eBay and PayPal are some examples of companies that have brought traditional businesses into the digital space.  Similarly, aggregating people to fund assets offline is nothing new.  However, what we are trying to do is to come up with a reliable system to do such aggregation online,” said Dr Seh Huan Kiat, Chief Technical Officer of CoAssets.

“While we may appear to adopt a laissez faire approach to matching opportunity providers and funders, we are currently working hard to put consumer safeguards in place.  We are continuously

looking at how to minimise users’ risks through robust legal and financial protections.  All these are presently work in progress and details of what such safeguards are will be announced in due course.  However, if the response for EPIC 2014 is anything to go by, we believe many people are excited at the potential crowdfunding holds.  Hence, when the various user protections are eventually in place, we foresee that response towards CoAssets and real estate crowdfunding will be even greater,” Dr Seh added.

EPIC stands for Expo for Property Investing and Crowdfunding, and it is an event organised by CoAssets to promote the real estate crowdfunding initiative.  The event will be held on 18 and 19 July 2014 at the DBS Auditorium in Marina Bay Financial Centre. This event is supported by the Singapore Tourism Board and major sponsors include DBS Bank, iProperty.com, Wealth Migrate, Dennis Wee Group, etc.  At present, more than 200 paid delegates have registered for the trade show and more than 1,000 attendees are expected to attend the public segment of the event.  Some of the renowned speakers at the event include Dr Jeffery Chi, Chairperson of Singapore Venture Capitalist Association of Singapore and Vice Chairman of Vickers Capital, Dr. Dolf de Roos, the world’s most recognised International real estate investor and author of New York Times bestseller Real Estate Riches, part of Rich Dad Advisors Series, Scott Picken, recognised as the Emerging Market’s leading global investor and author of Property Going Global.  More information on the event is available at www.CoAssets.com/EPIC.

The scope of property investment course

Do you want to make property investments? Do you want to go in the right direction? This is where the property investment course will get you going. The course is designed by property experts and provides you with concrete information on various aspects of property investment.

There are different types of property investment courses and every course has one or the other objective. The key base of these courses begins with factual assessment of real estate investment, property investment sourcing, the market response etc.

Highlights of property investment course
Following are the key highlights of property investment course:
• Analysis of flow of property market
• Checking the adaptability of property investment market to changing market forces
• Analyzing the opportunities and the perceptible threats in property cycles

The property investment course holds immense value for market analysts, real estate developers, investment advisors, financiers, as well as investors. The focus is laid on global property investment markets as well as the market trends. The course is offered by incorporating modern media methodologies.
Ascendant Assets offer advice on the property investment in Singapore. We also provide comprehensive property investment course in Singapore. To know more about the property investments, visit: http://ascendantassets.com.