20 Oct '17, 4am

It's high time we embrace technology to provide greater convenience for everyone. #proptech #realestate #technology

It's high time we embrace technology to provide greater convenience for everyone. #proptech #realestate #technology

REAL estate agencies and valuers see the start of digital disruption rocking the sector with the Housing and Development Board's (HDB) introduction of a new online resale portal that will substitute many of the current offline processes in a resale transaction. The public housing agency on Thursday said this portal would help to cut down buyers' and sellers' appointments required with HDB officers from two to one, and possibly halve transaction time from 16 weeks to eight. The portal will be launched on Jan 1, 2018. While this spells greater convenience for home buyers and sellers, property agencies and valuers worry that its functions will make redundant the jobs of the already-dwindling pool of agents who represent buyers, as well as small valuation firms that do a lot of HDB resale valuations. As young buyers become more tech-savvy, they are able to search for flats on ...

Full article: https://www.srx.com.sg/singapore-property-news/41942/hdbs...

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