New HDB resale listing service may improve price transparency, lessen reliance on agents
Bigger property portals such as PropertyGuru unlikely to be too affected by the move, analysts say
THE resale market for public housing is likely to see less sudden spikes or “outlier” asking prices with the introduction of the Housing & Development Board’s (HDB) new resale flat listing service that has a built-in price-monitoring feature, agents said.
The government service, offered free for now, may also result in less reliance on property agents, said analysts.
The service, which was soft launched on Monday (May 13), will enable homeowners or their property agents to list their homes for sale directly on the HDB Flat Portal. Flat buyers will also be able to compare new and resale flats on the platform, on top of using its existing loan listing service and financial calculators.
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