13 Feb '12, 8am

Some home owners sell their flats without agents to shorten process

Some home owners sell their flats without agents to shorten process

SINGAPORE: One in 10 conducted resale transactions of Housing and Development Board (HDB) flats the do-it-yourself (DIY) way last year. The HDB provides a DIY checklist to help shorten the process. This is one area the National Development Ministry is looking into, following public feedback on ways to meet diverse demands and raise the standard and professionalism of the real estate industry. National Development Minister Khaw Boon Wan said he does not think it is appropriate to prohibit agents from handling HDB resale transactions. Neither is it necessary to mandate that all resale HDB transactions be made via agents. He stressed that the HDB does not mandate owners to go through an agent to close a deal. Should owners decide to engage a salesperson to help them, the amount of commission can be determined between the owner and the salesperson. However, Council for Estate ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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