This article is from the Australian Property Journal archive
ASX-listed CoAssets has help raise S$324,877 to fund a residential and hotel project in Krabi, Thailand.
The Lai Thai in Krabi was developed by Thai developer Thai Treasures and comprises more than 80 residential units, a hotel and condominium.
”It’s very pleasing to see projects starting from a concept to being physically built, and knowing that crowdfunding has played a part. This reinforces the viability of crowdfunding and demonstrates yet another aspect of how it can be applied to the real estate market,” CoAssets CEO and cofounder Getty Goh said.
“We are establishing a significant footprint in different regions, and we are well positioned to be the preferred crowdfunding platform for real estate and business deals in Asia-Pac,” Goh said.
Globally, more than US$10 billion was raised via crowdfunding in 2014, and the market is estimated to reach US$290 billion by 2020, with property being one of its fastest growing segments, expected to reach US$90 billion over the next 10 years.
Australian Property Journal
