SINGAPORE (Sept 2): Those who have always wanted to get in on property development deals but lacked the capital to do it alone can now ride along with seasoned investors at a smaller quantum of $10,000 to $50,000.

A few property gurus have come together to create a co-investment platform called Fraxtor (short for “fractional investor”) that will allow investors to pool resources to invest in development projects.

Just last month, Fraxtor closed its first equity fundraising with $3.4 million from 12 investors — nine, excluding Fraxtor directors and shareholders — to acquire a detached house on Gardenia Road, tear it down and build a pair of semi-detached houses for sale.

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