Mr Getty Goh has a Masters in Real Estate from the National University of Singapore (NUS) and he is the CEO of CoAssets.com, South East Asia’s first crowdfunding website. Mr Goh is also a director with Ascendant Assets Pte Ltd, a real estate research consultancy and think tank.

1. What is crowdfunding in one sentence?

Crowdfunding is defined as the pooling of funds via the Internet to support projects initiated by individuals or companies.

2. Why would property developers seek crowdfunding?

Unlike other types of business, property development tends to be more capital intensive. While it could cost just several hundred thousand dollars to get most businesses off the ground, it would typically cost several million dollars to kick-start a development project. Most aspiring property developers would have some seed capital to buy the land and get the project started. However, they often require additional funds to keep ......