The Housing Building Board (HDB) will creation a fresh Resale Flat Record (RFL) provider, permitting HDB flat house owners or their detail brokers to record and marketplace their residences at the HDB Flat Portal, the Straits Occasions stories.
The provider will cushy creation lately (Would possibly 13), with the professional creation to apply upcoming this day.
On the other hand, transactions can most effective be made nearest the professional creation. Eligible flat dealers and their appointed detail brokers will probably be supplied early get right of entry to to familiarise themselves with the provider.
A “one-stop platform” for consumers
As of now, most effective actual property brokers can publish listings on primary detail portals comparable to PropertyGuru and 99.co, which can incur a price.
Generation alternative platforms, comparable to Ohmyhome and Carousell, permit householders to take action themselves for separate, the list procedure left-overs in large part guide.
The HDB Flat Portal’s RFL provider, at the alternative hand, isn’t just separate of rate, but in addition routinely fills listings with main points such because the cope with, flat kind, ground department and ground plan from HDB’s knowledge.
Moreover, dealers will probably be induced if their list worth is no less than 10 in keeping with cent above the very best transacted worth of matching gadgets within reach within the future six months, or if they have got eager an “abnormally low” worth.
That is so they may be able to form an educated choice on their indexed worth, which promotes a extra sustainable detail marketplace ultimately, HDB added.
Consumers can examine residences at the HDB Flat Portal. PHOTO: HDB
To form the HDB Flat Portal a “one-stop platform” for consumers, the fresh resale flat list provider will probably be built-in with current products and services at the on-line portal.
This comprises monetary calculators, mortgage list products and services and knowledge at the purchaser’s HDB flat eligibility (HFE) letter.
Consumers too can examine resale flat listings with fresh Create-To-Layout (BTO) residences on facets comparable to worth and residue rent, letting them believe their choices “holistically and make more informed decisions on their flat purchase”, HDB mentioned.
In the meantime, dealers or their detail brokers can record their properties and perform resale transactions on a unmarried platform.
Changing into “a trusted listing marketplace for genuine buyers and sellers”
To beef up consumer revel in and safeguard transparency, the RFL provider and all its options will most effective be to be had to consumers with a legitimate HFE letter.
Even though any potential purchaser can browse throughout the provider, most effective the ones with a legitimate HFE letter can download touch main points of the dealers and time table viewing appointments.
In a similar fashion, dealers would require a legitimate Intent to Promote to assemble an inventory for his or her residences. Every supplier can most effective submit as soon as to forbid duplicative listings of the similar flat, HDB mentioned, including that listings are verified.
“These measures will improve user experience and ensure transparency as the resale flat listing service aims to become a trusted listing marketplace for genuine buyers and sellers,” HDB mentioned.
Consumers with a legitimate HFE letter will be capable to retain viewing appointments for the residences they’re interested by without delay throughout the HDB Flat Portal/ Symbol Credit score: HDB
Throughout the RFL provider, HDB goals to assemble “a transparent, reliable and trusted marketplace for the listing and transactions of HDB resale flats”.
According to the Straits Occasions’ queries, HDB mentioned it “reserves the right to remove listings which have unrealistic pricing or contain misleading information from our portal”, and would possibly search clarifications from the dealers or their detail brokers.
“The Government will not condone behaviour, whether by sellers or their property agents, that seeks to disrupt the market or fan consumer sentiment,” it added. If correctly brokers are suspected {of professional} misconduct, HDB will paintings with the Council for Property Businesses to analyze and snatch the vital enforcement movements.
In the past on Would possibly 8, the Ministry of Nationwide Building, HDB and CEA flagged the listings of 2 HDB residences that have been advertise for S$2 million. The government deemed one list, that includes two adjoining five-room residences in Sengkang advertised as a jumbo flat, as “misleading”, moment the alternative list, for a five-room flat in Toa Payoh, used to be flagged for having an “unrealistic asking price”.
Featured Symbol Credit score: Ministry of Communications and Data