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Malaysia based blockchain powered real estate investment platform HomeToken has raised $3 in pre-ICO funding from Southeast Asian investors. The start-up is offering global investors a unique opportunity to invest in emerging Asia’s real estate market by creating a closed-ended fund to acquire and develop two types of residential properties: Small apartments ranging in sizes from 250 to 1200 square feet strategically located near city centre, and private nursing homes, the first of which was launched on 1st September 2017.
Real estate investment is one of the safest and most lucrative investment forms that provides good capital appreciation, potential rental income, and a solid hedge against rising inflation. The properties situated in Asia’s emerging markets have the potential to outperform real estate markets in North America and Europe. However, with the price of real estate growing at an accelerated rate than the growth of income, prospective investors and homeowners are resorting to alternative solutions. Outlining the start-up’s mission, the founder of HomeToken Andrew Yap said, “Over the past few years, Chinese real estate developers invested billions to develop ambitious projects in Southeast Asia. Although real estate prices here are relatively cheap when compared to other parts of the world, the investment properties we own must be strategically located and easy to rent out.”
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