StreetSine Technology Group announces the activation of srx.com.sg/hdb/bto. This new website features unique information on HDB Built-to-Order (BTO) properties including details on upcoming launches and pricing forecasts. “This free site contains all the information a young buyer needs to make a decision about whether or not to buy an upcoming BTO,” said Jeremy Lee, Co-Founder & Chief Technology Officer.
The website consists of five sections:
1. Upcoming BTO Launches;
2. BTO Pricing Forecast;
3. Latest BTO News;
4. Past BTO Launches;
5. Buy a BTO.
In this section, SRX Property compiles details on each upcoming BTO launch so that the user can easily compare and contrast them.
Currently, this section contains detailed information on four BTO launches: Bedok, Bidadari, Kallang/Whampoa, and Punggol.
This section helps buyers forecast the price of a BTO and estimate the monthly cash payment they would likely pay above the Central Provident Fund (CPF) Ordinary Account (OA) contribution.
Typically BTO units are priced at an 18% to 33% discount to comparable HDB resale flats. As a result, it is possible to forecast a price range well before HDB sets the price and use it for financial planning.
SRX Property posts its forecasts on srx.com.sg/hdb/bto, and it looks like this:
For more information on SRX Property forecasting and its track record, see our methodology as detailed in Bidadari BTO August analysis or visit the BTO website.
Also, SRX Property publishes, on the BTO site, an estimate of the monthly cash payment for various income levels.
This calculation is based on the median price forecast for each BTO type but it gives buyers a rough guide as to how much they would expect to pay above the CPF OA contribution on a monthly basis.
Again, this is a good financial planning tool.
SRX Property has teamed up with Singapore Press Holdings (SPH) to consolidate BTO news in one convenient place, for easy reference. Users can sign up for an email alert that notifies them when there is new information about BTOs.
“We designed this alert service so BTO owners and buyers don’t miss out on the latest news pertaining to this segment of the market,” said Mr. Lee.
SRX Property compiles and tracks past BTO launches so that buyers can better understand each BTO launch, BTO pricing, unique characteristics, nearby amenities, transaction prices and volume, as well as nearby resale transactions.
The fifth section of the site guides buyers on how to apply for a BTO and provides convenient links to the necessary paperwork.
About Streetsine Technology Group
StreetSine Technology Group is a subsidiary of Singapore Press Holdings (SPH). It is an innovative software company that specializes in Big Data and Artificial Intelligence for the real estate industry. Among other things, it designs, develops, and integrates Big Data sets with mobile workflow applications to help real estate-related organizations and professionals employ real-time, relevant, proprietary information in the marketing of their products and services.
It operates SRX Property and its two internet portals, SRX.com.sg and STProperty.sg.
About SRX Property
SRX is an efficient property market formed by StreetSine Technology Group and the leading real estate agencies in Singapore. Its purpose is to disseminate fact-based market-pricing information and quality property listings so that market participants can transact the right home or commercial property at the right price.
About SRX Valuations
SRX Valuations is a division of StreetSine Technology Group, which is a subsidiary of Singapore Press Holdings (SPH). We provide valuation services for all property types, including residential, commercial, industrial, hotels, development sites etc. Scope of services include Sale & Purchase; Financial reporting; Mortgage; Stamp duty estimation' Rental assessment' Property tax advisory; Insurance; Merger & acquisition pricing; Internal transfer; En-bloc transaction.
About Quality Listings on SRX.com.sg and STProperty.sg
Quality Listings consist of V360 Virtual Tours and X-Listing PriceTM. V360 tells potential buyers the listing is serious. It allows buyers and renters to tour a home before they visit.
X-Listing Price is an asking price that contains a certified valuation. It’s computer-backed. It’s valuer-backed. It’s a price agents, sellers, and buyers can all agree on. For more information visit SRX.com.sg/xvalue-pricing.
For more information, please contact Vivien Lim at [email protected].