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ARA-backed crowdfunding platform sees debut property investment tranche snapped up in 11 minutes
Add BT as a preferred sourcePublished Mon, May 18, 2020 · 09:50 PM
Singapore
THE first public tranche of the debut property investment product launched by crowdfunding platform Minterest was snapped up in 11 minutes by yield-hungry investors, the crowdfunding platform's new majority shareholder ARA Asset Management said on Monday.
The short-term, income-yielding product is backed by the secured mezzanine debt financing of a A$440 million (S$403 million), 64-level high-rise residential development project in Melbourne's central business district.
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