Company lets investors buy part of a home for fraction of the price

PHOTO: Wenee Yap has been saving money and will invest in a property through fractional investment company CoVESTA when it launches. Picture: Bob Barker.

DESPERATE buyers priced out of the real estate market could soon find another way in — through fractional property investment.

A start-up is offering house hunters the chance to skip the gruelling wait to put together a deposit by joining forces with other investors to buy only a share of a property.

The arrangement offered by CoVesta allows investors to own as little as one per cent of a home. They then share in the capital growth and rental income proportionate to the size of their ownership stake.

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