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Crowdfunded Tokyo condos appeal with 5% yield

Published Sat, Sep 12, 2015 · 12:00 AM
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Tokyo

TOKYO'S crowdfunded condominiums are luring individuals with the promise of a 5 per cent yield in a land of benchmark interest rates near zero out to five years.

Tatsushi Iwano, a former fund manager at Goldman Sachs Group Inc in Tokyo and Rockpoint Group LLC, is aiming to finance 10 billion yen (S$117 million) of office and residential projects with cash raised on the Internet in 2017.

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