Proptech

Indonesia’s property market just got friendlier with GORO

August 10, 2023
GORO co-founders (from left to right) Andryan Gouw (CGO) and Robert Hoving (CEO). Image from GORO

Do it how the rich do with GORO. This Indonesian property marketplace helps you invest in high-yield properties starting for less than one US dollar! 

Launched this year, they claim to grow their user base by 15% each week.

  • And they just raised a $1M pre-seed!
  • Watch out! They’re going to expand their teams and focus on getting more customers. 

Investor check. Iterative led the round, while XA Network, StashAway’s Angel Investing Program, and Indonesian property veteran, Mike Broomell (Colliers Indonesia) also joined in!

🔥You’ve got a chance

Indonesian friends! Want to achieve that elusive FIRE (financial independence retire early) lifestyle? Now, you’ve got better chances. 

  • Invest in high-yield properties for as low as IDR 10,000 or less than $1. Yes, a dollar!
  • What GORO does. Instead of investing in a whole property, they let you invest in fractions!

What that means. You get a diversified portfolio of properties without the pressure of saving more to invest more. 

🧱  A little more detail

How do you make money if you barely have enough to invest in the first place? 

Most (loaded) people invest in whole properties. But, young people and some other investors don’t have access to that kind of capital!

GORO splits the value of a property into fractions called tokens, which can be owned by more than one investor.  

  • It’s liquid! Want out? Hold, re-invest, or sell your tokens whenever.  
  • Their portfolio currently delivers 11% net annualized rental yield to users.

Run the numbers! They have a mix of Bali Villas and Jakarta condos that users from over 20 different countries invest in.

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