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Residential property owner taps crowdfunding for solar installation

Investors to get 7 per cent return upon maturity of the loan on June 30 next year

Published Fri, Jun 10, 2016 · 09:50 PM

Singapore

IN what is believed to be a first in Asia, a residential property owner in Singapore has successfully used crowdfunding to finance the installation of solar cells on her rooftop.

The project, launched on May 25, met its target of S$22,500 within 11 days, and some prospective investors had to be turned away, said SolarPVExchange, which provides the crowdfunding platform.

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