Property and real estate crowdfunding platform CoAssets has listed on the National Stock Exchange of Australia (NSX), Australia’s second largest stock exchange.
The company, the first in Southeast Asia to provide crowdfunding for real estate projects, will trade under the symbol “CAX”.
The Lai Thai, an 80-unit development at Ao Nang, Krabi, is one Thailand project that has benefited from being crowdfunded by the company.
CoAssets will also broaden its offerings to include peer-to-peer (P2P) lending for businesses outside of the real estate industry. Businesses looking for short-term trade financing of more than S$100,000, can now look to CoAssets’ online platform for crowdfunding within a maximum period of one year.
Getty Goh (pictured), co-founder and Chief Executive Officer of CoAssets said:
He noted that the NSX listing will support both expansion efforts and increase investment potential.
“Being globally recognised, the NSX listing boosts our plans for internationalising CoAssets. Listing on the Australian board also further supports our outreach to crowdfunders by providing more exposure to the market. The Australia property market has performed very well over many years now and crowdfunding for real estate is new in Australia.
“The real estate crowdfunding business has great potential for growth and we look forward to leading it.”
This story was written by Andrew Batt, Group Editor of Dot Property Group. Send your news, views, press releases and comments to him at andrew.batt@dotproperty.co.th.
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