Strong growth, especially in Malaysia and Indonesia, has seen the Singapore-born Australian Stock Exchange real estate crowdfunding platform CoAssets exceed 30,000 registered users.
During last month alone the company boosted its user base by more than 30 percent.
In a statement, the company said users are attracted to the company by the strong financial returns, reliability and ease-of-use of its platform, as well as the ability to gain investment exposure to property developments throughout Southeast Asia.
Getty Goh, Chief Executive Officer of CoAssets, said: “We are delighted to have reached 30,000 users, and this milestone demonstrates the reliability of our platform, and real proof of the property crowdfunding concept.
CoAssets was founded in May 2013 with a 100 percent Singapore database. Today the user base is more diversified with 67 percent located in Singapore, 16 percent in Malaysia, 10 percent in Indonesia and 7 percent in other countries including Thailand, the Philippines, China and Australia.