HomeBase raises $30M to help more people in Southeast Asia become property owners – TechCrunch
Summary
It also included operators and executives from Y Combinator CEO Michael Seibel and companies such as SoFi, Opendoor, Republic, Microsoft, Instacart, Abu Dhabi Investment Authority and Binance. Round repeaters were Ma, Steckenrider, VinaCapital Ventures, and Darius Cheung, founder and CEO of 99.co, one of the largest real estate portals in Singapore and Indonesia. The home-based customer base is divided into 50/50 between home-seekers and investors, including foreign buyers who are unable to travel to Vietnam due to a pandemic and are asking home-based transactions. “ Homebase quotes a survey from a real estate consultant CBRE This shows that the average land ownership price rose from 3% to 17% year-on-year, even during the COVID-19 blockade in Vietnam’s third quarter. “ Having Homebase to buy real estate on behalf of clients makes the process more efficient, and as a result, agents may offer discounts to buyers when using startup services.