Corporate Announcement: Global Yellow Pages Acquires Majority Stake in FundPlaces

Global Yellow Pages 5_0 (1)

We are happy to usher in the New Year with some great news! FundPlaces is pleased to announce that it has received a strategic investment of S$2 million from Global Yellow Pages Limited, a Singapore mainboard-listed real estate company.

Click here for news release.

News of the investment on:

Business Times (29 Dec 2017) – Global Yellow Pages acquires majority stake in blockchain proptech firm FundPlaces
The Edge Singapore (29 Dec 2017) – Global Yellow Pages acquires 50.11% stake in property investment online platform FundPlaces for $2 mil

With our new corporate investor onboard, FundPlaces is well-positioned to become a global hub for property developers and investors looking for unique real estate investments.

Join us as a member today, and get access to curated real estate investments that have generated  >12% p.a. historically.

Click here to register now.

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FundPlaces is Helping Families Own Homes in Camberley, UK

It’s official! We are proud to announce that we are one step closer to helping families own homes. Fundraising for our recently listed project in Camberley, United Kingdom, for the development of 7 houses has successfully closed.

Details of the fundraise were reported in the online publication Property Funds World, on August 04, 2017, click here to read more.

Join our revolution to help families own homes. Register at www.fundplaces.com for more information.

 

 

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MAS eases crowdfunding rules for SMEs in Singapore

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(Source: TodayOnline, 8 June 2016) MAS has taken actions to improve access to securities-based crowdfunding for SMEs and start-ups in Singapore. Of the initiatives taken, the first involves the removal of the requirement of a prospectus which will apply for issuers raising less than $5 million within 12 months. Platform operators must still document and disclose any risks pertaining to the SCF investments, and must first obtain acknowledgement from investors to confirm that they have understood the risks. Secondly, MAS will also reduce the financial requirements for SCF operators raising funds from accredited and institutional investors. (more…)

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The next big thing in real estate investment

BD Bacata

Flip through any newspaper over the weekend and you will see a buffet of investment options in the real estate market. Typically, there are investment options from Melbourne, Sydney, London, Ho Chi Minh City, Tokyo, Bangkok and the list goes on. However, as many investors have found out, owning a property overseas can entail a lot of pain: the pain of finding a good absentee manager, the pain of sourcing for tenants, the pain of paying the high cost of ownership, the pain to ensure compliance with taxation laws, and the pain in selling off the investment. Perhaps it’s time for a rethink. Investors in Singapore might want to rethink their allocation of resources and look at real estate crowdfunding as a viable alternative.  (more…)

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Lifting curbs ‘not key to property sector’s outlook’: Lawrence Wong

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(Source: The Straits Times, 22 April 2016) The property market’s long-term prospects are not dependent on whether market cooling measures are lifted but the overall state of the local economy, said National Development Minister Lawrence Wong at ERA Realty Network’s career advancement day event yesterday. He said if Singapore is unable to sustain its economy growth and retain its position as a global city, the property market will be in the doldrums even if the cooling measures are removed.

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DBS ties up with P2P platforms to expand funding for small firms

Source: ST File

(Source: The Straits Times. 20th April 2016) DBS has signed cross-referral agreements with Singapore based P2P Platforms – MoolahSense and Funding Societies. This is the first of such collaborations between established banks and financial technology (FinTech) start-ups in Singapore. Typically, established banks prefer to lend to companies who are able to provide collateral, have an established track record and have at least two years of audited accounts. Under this partnership, DBS will pass on clients who do not meet their lending criteria to the P2P platforms. In return, these P2P platforms will refer to the bank borrowers who have completed two successful rounds of fundraising for larger commercial loans and financial solutions. This cross pollination of deals creates a win-win situation for all parties and allows SMEs access to capital at all stages of growth.

 

 

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