09-09-2015, 10:13 AM
A crowdfunding project in Canada. I am open for the innovation of fund-raising. I am yet to find out more in Singapore, but I heard that there are already similar but smaller projects happening in Singapore...
Property crowdfunding comes to Canada with Toronto mall project
A shopping mall in northern Toronto is set to be among the first Canadian real estate projects to be financed partly through crowdfunding.
NexusCrowd Inc. is opening its online platform tomorrow to accredited investors who want to contribute a minimum of C$10,000 ($7,520) for a stake in the property. The company says it’s the first in Canada to partner with institutions at the real estate development stage to use crowdfunding, an investing model that has become popular in the U.S. in recent years and is growing worldwide.
Accredited investors in Canada haven’t had access to the equity portion of development projects, Hitesh Rathod, NexusCrowd’s chief executive officer, said in a telephone interview from Toronto.
"There’s going to be a tremendous amount of demand for that type of project," he said.
Canadians are gaining access to such investments after crowdfunding for small startups was approved in May by financial-services regulators in six provinces. The Ontario Securities Commission is developing its own set of standards, due later this year.
...
http://www.theedgeproperty.com/sg/conten...-project-0
Property crowdfunding comes to Canada with Toronto mall project
A shopping mall in northern Toronto is set to be among the first Canadian real estate projects to be financed partly through crowdfunding.
NexusCrowd Inc. is opening its online platform tomorrow to accredited investors who want to contribute a minimum of C$10,000 ($7,520) for a stake in the property. The company says it’s the first in Canada to partner with institutions at the real estate development stage to use crowdfunding, an investing model that has become popular in the U.S. in recent years and is growing worldwide.
Accredited investors in Canada haven’t had access to the equity portion of development projects, Hitesh Rathod, NexusCrowd’s chief executive officer, said in a telephone interview from Toronto.
"There’s going to be a tremendous amount of demand for that type of project," he said.
Canadians are gaining access to such investments after crowdfunding for small startups was approved in May by financial-services regulators in six provinces. The Ontario Securities Commission is developing its own set of standards, due later this year.
...
http://www.theedgeproperty.com/sg/conten...-project-0
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