Singapore Crowdfunding Startup CoAssets lists on the National Stock Exchange of Australia (NSX)

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Singapore Crowdfunding Startup CoAssets lists on the National Stock Exchange of Australia (NSX)

  • NSX Australia’s second largest listing stock exchange
  • Expands peer-to-peer (P2P) lending services for businesses
  • Extending footprint into Australia


SINGAPORE, 8 July 2015 – Homegrown 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”. 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.

Mr Getty Goh, Co-Founder and Chief Executive Officer of CoAssets said, “Stakeholders’ confidence is important for our business. The NSX regulatory obligations – two-year trading track record, minimum market capitalisation of A$500,000 (S$519,000) and a Nominated Adviser – are measures of our accountability to our customers and investors. For example, our financial accounts are audited twice – in Singapore as well as in Australia, by two separate auditors. By subjecting ourselves to rigorous third party assessments, it demonstrates that we conduct our business with a high level of transparency.”

The NSX is a secondary board in Australia and the second largest listing market in the country. 130 companies are listed on the NSX; approximately 80 per cent of new listings are foreign companies.

Mr Goh 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 us with 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.

“While Singapore has a good start-up ecosystem, more support is needed for certain growth stage companies. With the limited market size here, not many venture capital (VC) funds are in the one to two million dollar funding space, in comparison, the Australian stock market and investors are more receptive of technology businesses.” Mr Goh added.

The listing will support expansion plans into other countries within the region. “We are looking to grow our presence in Malaysia. We also have several potential partnership deals with companies in China and Indonesia. These are exciting markets to enter due to their large populations,” explained Dr Seh Huan Kiat, Co-Founder and Chief Technical Officer of CoAssets.

CoAssets has already seen successful funding of pilot projects outside of the real estate industry. In June 2015, a short-term loan exceeding S$300,000 was crowdfunded on the platform by 36 investors for Social Media Enterprise Pte Ltd. Mr Pulse Tan, Director of Social Media Enterprise Pte Ltd said, “The results from the P2P lending feature have exceeded our expectations. This is actually our first foray tapping onto the crowdfunding platform; we will definitely work with CoAssets again.”

CoAssets will also introduce a real estate project in Singapore by a local private developer for the first time in July 2015. The cluster bungalow development is located within the landed housing enclave of East Coast, and is worth over S$30 million. The developer is targeting to raise S$500,000 via CoAssets’ platform to trial the alternative financing option.

“Projects that have been listed on CoAssets so far have been based overseas and we have worked mainly with foreign developers. With a limited duration of one year, Singapore-based real estate crowdfunding projects may appeal to those who are more conservative in their investment appetite. As this is the first Singapore real estate project, it will be interesting to see what the response for this project will be like,” said Mr Goh.

CoAssets, launched in July 2013, crowdfunds for residential and commercial properties in Asia, Australia, the UK and the US. It is growing rapidly, with membership increasing to reach over 10,000 to date across Singapore, Malaysia and the region. The platform provides developers, agents and home or land owners with an alternative source of funding for their properties, linking them to investors who are keen to co-develop projects and co-purchase units. In 2015, CoAssets launched P2P lending for businesses.


About (NSX Code: CAX)

CoAssets ( is Southeast Asia’s first real estate group buying and leading crowdfunding platform. It is not licensed and/or regulated by the Monetary Authority of Singapore. Officially launched in Singapore on July 2013, it currently has more than 10,200 registered users. In terms of deals, since December 2014, the total value of deals listed on CoAssets is more than S$40 million (US$32 million) and the amount successfully funded currently stands at more than S$36 million (US$28 million). The company recently won the Red Herring Top 100 Asia Award for 2014, as well as OPP Gold Award for Excellence and currently has offices in Australia, Malaysia and Singapore.

About Getty Goh

ggMr Getty Goh is the Chief Executive Officer and Co-Founder for CoAssets. He has a Masters of Real Estate as well as a Bachelors of Building from the National University of Singapore. He is also a director with Ascendant Assets Pte Ltd. In 2012, Getty was awarded the Successful Entrepreneur Platinum Award as well as Promising SME 500 Platinum Award. Getty is also an accomplished writer and speaker. He is frequently invited to share insights on the Singapore property market at public seminars. Apart from that, Getty contributes regularly to the Sunday Times, Property Report magazine,,, etc.


About Dr Seh Huan Kiat

sehDr Seh Huan Kiat is the Chief Technical Officer and Co-Founder of CoAssets. He holds a Doctoral Degree from Massachusetts Institute of Technology and a Bachelors Degree from Imperial College London. He had previously worked at Intel Corp in the United States for more than 6 years. Huan Kiat is also a real estate investor and manages a multi-million dollar investment portfolio.



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