New online tool provides clarity on rental deals
Rental X-Value can estimate a home's rental value
[SINGAPORE] Tenants and landlords seeking clarity in rental transactions, especially during the peak rental season from May to August, may be able to find support in a new online pricing tool that aims to provide transparency.
The Singapore Real Estate Exchange (SRX), an information exchange formed by real estate agencies, yesterday launched Rental X-Value, a computer-generated estimate of a home's rental value, on its website.
Described as the first-of-its-kind in Singapore, the pricing feature draws on data from more than 30 public and private sources and is based on algorithms developed in partnership with academics, government agencies and valuers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
After S$160 million makeover, SingLand eyes better take-up, higher rents at Singapore Land Tower
US renters seeing chance of owning a home at record low: NY Fed survey
Shenzhen eases home buying to revive sales in China tech hub
Far East Orchard looks to sell Rendezvous Hotel Perth Central for A$18.5 million
Lendlease Global Reit’s committed portfolio occupancy rises to 88.8% in Q3
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price