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Singapore’s DBS launches its third online consumer portal, prop marketplace

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Singapore's DBS launches its third online consumer portal, prop marketplaceDBS has finally launched an online property marketplace. This portal will provide perspective home-buyers and tenants listings to browse through by both agents and owners, as well as make transactions to buy or rent a property or even apply for a loan.

It is the bank's third online portal in under a year, following the earlier launch of two other e-marketplaces for cars and electricity which it says “have gained significant traction”.

Singapore's largest bank has partnered with two online property listing platforms EdgeProp and Averspace to provide about 100,000 listings, it said in a statement on Tuesday.

It also said at a press briefing that it will double the number of listings when a third property listing site, SoReal, comes on board by the end of the year.

For the new online portal, users will be able to filter their search by location, property type, the number of bedrooms, price range and floor area.

After selecting a property listing, other information such as the duration it takes to walk to the nearest MRT station, as well as the past transaction prices of properties in the same estate will also be provided.

Besides being able to browse through listings, first-time home-buyers may use a planning tool to help them assess the price range of properties they are able to afford, based on their monthly cashflow.

The bank has identified three other customer profiles, namely those who are looking to upgrade from public to private housing, investors and retirees — and will progressively roll out planning tools catered to these three groups over the next one year.

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