Singapore property portal CrowdTwo.com announced it has crowdfunded a property in what it calls a record time of 28 seconds.
The Malaysian mixed residential property was the second property to be fully funded through the site.
"This is a major milestone for the company and demonstrates the strong support from our users,” said CrowdTwo CEO Eric Teng.
“Our strength in big data and crowd leverage has provided our company an edge when it comes to sourcing excellent global property deals."
CrowdTwo says it offers a different model to other crowdfunding sites by allowing investors to sell their shares, full or partial, at any time which is claims reduces the risk of holding on to the property for years without seeing any returns.
As a result of the recent crowdfunding success, CrowdTwo is opening access to their proprietary Singapore properties valuation engine CrowdReport to all users.
It says this will allow users to check the median price of any property in Singapore to search for property deals.