Why Real Estate Crowdfunding could be the next BIG thing

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EPIC | Asia's First Crowdfunding and Property Investment Expo

Getty Goh, CEO & Co-Founder of CoAssets talks about crowdfunding in property investment

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  • There’s where the banks come in…

    How nice if there was a group of investors…
  • Whether you are a professional developer or
  • Whether you are a professional developer or
  • We are in the process of working with 3rd parties and putting insurances in place
  • Democratising asset financing.
  • We are looking for partners to help
  • Why Real Estate Crowdfunding could be the next BIG thing

    1. 1. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Why Real Estate Crowdfunding could be the next BIG thing Getty Goh CEO & Co-Founder 1
    2. 2. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform2
    3. 3. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Imagine...
    4. 4. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform $1,000,000 $500,000 Employment Affordable Housing Community Building 4
    5. 5. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform W.I.I.F.M. (What’s.In.It.For.Me)
    6. 6. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Attractive ReturnsEmpowerment Access to Exclusive Deals 6
    7. 7. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform It is NO LONGER just a concept That was a genuine deal that happened in Apr 2014 7
    8. 8. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform 25 Apr 2014: S$700,000 pledged in 1 hour 8
    9. 9. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Brief Introduction – Background • CEO & Co-Founder of CoAssets. We are South East Asia’s First RE Crowdfunding platform • CoAssets.com is funded by the Media Development Authority (MDA) of Singapore under the iJam Reload scheme • Director of Ascendant Assets – a real estate think tank • Education: – Masters of Science (Real Estate) from National University of Singapore – Bachelor of Science (Building) from National University of Singapore 9
    10. 10. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform CTO – Dr Seh Huan Kiat • Received his PhD from MIT • Received his Degree from Imperial College • Worked at Intel for 6 years 10
    11. 11. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform SMART Expo 2010 Steve Melhuish PropertyGuru Mhd Ismail Propnex 11
    12. 12. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform12
    13. 13. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform13
    14. 14. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform14
    15. 15. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform15
    16. 16. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform16
    17. 17. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform17
    18. 18. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Crowdfunding vs. Real Estate Coinvesting – what’s the difference?
    19. 19. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform There are 2 main differences 19
    20. 20. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform The other difference? 20
    21. 21. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Crowdfunding in Asia – a different ballgame
    22. 22. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform22
    23. 23. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Crowdfunding in Asia • There is NO JOBS Act in Asia • Crowdfunding sites that want to come to Singapore will have to comply with: – Company’s Act (Not more than 50 shareholders) – Securities & Futures Act – Estate Agent Act (specific to real estate transactions) • Real estate investment is exempted from the Securities & Futures Act • How funds are raised comes under Securities & Futures Act • US Firms keen to start in Singapore can consider adopting a PE model • So how do we do it…? 23
    24. 24. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Get a Legal Opinion 24
    25. 25. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Crowdfunding in Asia • Unlike some of the crowdfunding websites, CoAssets does NOT handle money • CoAssets is a targeted leads generation site – allow Opportunity Providers (i.e. developers, funds, other RE crowdfunding sites) and Funders to connect • CoAssets’ niche: – Helping Opportunity Providers access funds between S$1million and S$5milllion – Helping the mass affluent find viable opportunities 25
    26. 26. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Isn’t Real Estate Crowdfunding risky?
    27. 27. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Isn’t it a matter of perspective? 27
    28. 28. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform28
    29. 29. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform29
    30. 30. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform What are the 3 main risks/challenges • The Singaporean “LAR” • Legal – how to manage stakeholders from different regions ? • Accountability – will the project materialize? • Recourse – what happens if projects fail? 30
    31. 31. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform So what do we exactly do?
    32. 32. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform We aggregate our users in 3 ways 32 Co-investCo-own Co-purchase
    33. 33. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Why it works? • Greater Disclosure – Opportunity Providers can put their deals on the site and attach relevant project details • Greater Accountability – Funders can meet the Opportunity Providers to view the relevant documentations • Greater Empowerment – Funders can do property research before they proceed 33
    34. 34. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform How have we done? 34
    35. 35. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform We are the top 3 RE crowdfunding site globally 35
    36. 36. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform The growth is encouraging because… 36
    37. 37. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform What about Fundrise? 37
    38. 38. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Value Added Service: Real Estate Research to 38 Singapore Research Tools Penang Research Tools
    39. 39. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Research Collaboration with A*Star – Real Estate Online Sentiment Charts 39
    40. 40. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Does this business model work? 40
    41. 41. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform41 CoAssets and YOU
    42. 42. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Help developers reach out and aggregate funders 42 Established Developers Private Landowners
    43. 43. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Help funders who are looking for opportunities 43 Man on the streets Professional Investors
    44. 44. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform What does this mean to the investors? 44 Your risks are lowered There is no “down time” to growing your money
    45. 45. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Democratizing the funding process 45 You have greater say on which project to support
    46. 46. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform CoAssets means Security and Connectivity 46 Security Connectivity
    47. 47. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform How do we achieve that? 47 Online Cross Border Legal Contracts Online Cross Border Payment
    48. 48. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Help to open new markets 48 Residential projects Infrastructure
    49. 49. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform In the pipeline: Solar farm project in India 49
    50. 50. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform What do we want to be? 50 1. A market place 2. An online infrastructure
    51. 51. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform51 BUT
    52. 52. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform We are all here to make dreams
    53. 53. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform How does crowdfunding really work?
    54. 54. www.CoAssets.com South East Asia’s First Real Estate Crowdfunding Platform Join us in our EPIC quest… 54

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