{"id":63916,"date":"2017-08-17T17:09:06","date_gmt":"2017-08-17T10:09:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-proptech-company-is-changing-real-estate-investment-with-blockchain\/"},"modified":"2017-08-17T17:19:56","modified_gmt":"2017-08-17T10:19:56","slug":"this-proptech-company-is-changing-real-estate-investment-with-blockchain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-proptech-company-is-changing-real-estate-investment-with-blockchain\/","title":{"rendered":"This proptech company is changing real estate investment with blockchain"},"content":{"rendered":"


\nBy Pippa Woodhead
\nFundamentally, the older generation are \u201cvictims of their own success,\u201d\u00a0explains Tan Kok Keong, CEO and Co-Founder of Singapore-based REMS Advisors and\u00a0FundPlaces. \u201cThey have enjoyed big spikes in asset prices over the last 10 years, so they are stuck in the old way of thinking: that investing in property is all about ownership.\u201d
\nThis is all soon to change, predicts Tan, citing the internet-centric way millennials respond to the world, as well as the rise in disruptive companies such as Airbnb and Uber, which have changed how people consume goods and services.
\n\u201cWe\u2019re trying to bring this same difference to the real estate investing sphere. Traditionally when people venture into property investments, they will most likely buy a residential apartment somewhere. But millennials generally don\u2019t have as much to invest as their parents, so breaking down investments into smaller amounts makes sense for them.\u201d
\nUnlike their parents, the younger generation are able and willing to use technology to transact, and more likely to look at an investment based on returns, rather than ownership.
\nFundPlaces\u2019 mission is to help people look beyond buying a house, and making it fast and simple to invest in joint ventures, potentially with high rates of return.
\nThe key to doing this all successfully? Blockchain.
\nBlockchain has entered public consciousness for a while now, with some using it to document contracts\u00a0while others are using it to facilitate transactions.\u00a0FundPlaces is among the first to use it for real estate investments.
\nEssentially an online document depository, Blockchain offers complete transparency and the ability to make transactions within seconds. This means that real estate investments\u00a0\u2013 assets which are traditionally slow to dispose \u2013 can become liquid.
\nBlockchain uses bitcoin and ethereum, two of the most reputable cryptocurrencies in the world, but FundPlaces has\u00a0created its own cryptocurrency, Tiles, which will enable clients to make immediate property investments.\u00a0
\nIn the coming years, Blockchain will not only be of benefit to the savvy investor, but also offer a faster and more convenient method of raising capital for real estate developers.
\n\u00a0
\nThis article originally appeared on Property Report.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…This proptech company is changing real estate investment with blockchain<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Pippa Woodhead Fundamentally, the older generation are \u201cvictims of their own success,\u201d\u00a0explains Tan Kok...<\/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-63916","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-gCU","jetpack-related-posts":[{"id":117518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fc-barcelona-star-and-business-partner-want-to-create-100000-black-millionaires-through-real-estate-investing\/","url_meta":{"origin":63916,"position":0},"title":"FC Barcelona star and business partner want to create 100,000 Black millionaires through real estate investing","date":"July 2, 2020","format":false,"excerpt":"\r FC Barcelona soccer star Martin Braithwaite and his business partner Philip Michael want to create 100,000 Black women and millennials into millionaires through real estate investing.\r \r Source : cnbc.com\r Read more...FC Barcelona star and business partner want to create 100,000 Black millionaires through real estate investing","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29867,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-could-be-millionaires-if-they-start-investing-instead-of-saving\/","url_meta":{"origin":63916,"position":1},"title":"Millennials could be millionaires \u2013 if they start investing instead of saving","date":"October 14, 2016","format":false,"excerpt":"\r In a new poll, 64% of working millennials said they couldn\u2019t see themselves ever becoming millionaires \u2013 but it\u2019s a much more reasonable goal than many realizePity the poor millennials. 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Home prices in Hong Kong, which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63916"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=63916"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=63916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=63916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=63916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}