{"id":40291,"date":"2017-01-11T09:00:23","date_gmt":"2017-01-11T02:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/crowdfunder-coassets-forms-new-real-estate-subsidiary\/"},"modified":"2017-01-11T10:29:04","modified_gmt":"2017-01-11T03:29:04","slug":"crowdfunder-coassets-forms-new-real-estate-subsidiary","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crowdfunder-coassets-forms-new-real-estate-subsidiary\/","title":{"rendered":"Crowdfunder CoAssets forms new real estate subsidiary"},"content":{"rendered":"


\nGetty Goh is the CEO at Singapore crowdfunding platform CoAssets. (Photo: CoAssets)
\nAs part of the company\u2019s growth strategy, crowdfunding platform CoAssets has formed a fully-owned subsidiary called CoAssets Real Estate (Care), according to a filing with the Australian Stock Exchange (ASX).
\nThe Singapore startup\u2019s newly incorporated unit will provide a range of property services, including marketing, sales, analysis and valuation. It will also provide companies with a channel to liquidate real estate assets that have been collateralised within Singapore and the region.
\n\u201cAs a crowdfunding platform, user protection is one of our key focus. We are now looking at crowdfunding deals that are backed by assets as a way to protect our users amidst economic uncertainty. Given this move towards secured crowdfunding and our market position as a real estate crowdfunding platform, having a real estate agency fits in well into our overall business strategy,\u201d said Getty Goh, Chief Executive Officer at CoAssets.
\nThe subsidiary is also expected to enable CoAssets to attract more property crowdfunding projects and give the parent firm\u2019s real estate partners a channel to market their deals to investors.
\nIt will be led by three directors \u2013 Assistant Director (Investor Relations) Lim Hui Ming, Assistant Director (Investor Relations) Shannice Chua and Key Executive Officer Juliana Ong, a veteran property agent who has been in the industry for 10 years, and who has held similar roles in her previous companies.
\n\u201cWe are delighted to launch Care and we believe that this is a viable long-term business as we continue to provide greater value to our users,\u201d said Lawrence Lim, Chief Operating Officer at CoAssets.
\nCoAssets, the first publicly-listed crowdfunding platform in Southeast Asia, has around 70,000 registered users. To date, it has successfully provided funding of over $45 million, with no defaults so far from the projects it has financed.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Crowdfunder CoAssets forms new real estate subsidiary<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Getty Goh is the CEO at Singapore crowdfunding platform CoAssets. (Photo: CoAssets) As part of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-40291","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-atR","jetpack-related-posts":[{"id":58550,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coassets-secures-cms-licence-in-singapore\/","url_meta":{"origin":40291,"position":0},"title":"CoAssets secures CMS licence in Singapore","date":"June 21, 2017","format":false,"excerpt":"\r \u00a0 Crowdfunding firm CoAssets has been granted by the Monetary Authority of Singapore a Capital Markets Services (CMS) licence to run crowdfunding within the city-state, reported Business Times. 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