Manila-based Signet Properties launches real estate crowdfunding platform
Users can participate for only PHP1,000 (USD20)
On Tuesday, real estate advertising firm Signet Properties, in partnership with finance company SeedIn Philippines and real estate broker RE/MAX Premier, introduced Flint, a technology-enabled real estate crowdfunding platform, reported The Manila Times.
“We are most excited about this latest innovation, because it finally provides opportunities for anyone who is hesitant or is overwhelmed with the process of investing in Philippine properties,” said Andre Mercado, chief executive officer at Signet Properties.
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The platform can cater to varied timeframes, from only a few months to several years, boasting quick turnaround time for revenues from property investment.
According to Mercado, users can participate for only PHP1,000 (USD20) and can take comfort in the fact that Flint is regulated by the Securities and Exchange Commission under Memorandum Circular 14, which encompasses guidelines relating to crowdfunding.
The property listings on the platform will comprise of Signet’s network, including Alveo Land Corp., Avida Land Corp., Ayala Land Inc., DMCI Holdings Inc., Megaworld Corp., Ortigas & Co., and Robinsons Communities.
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