SINGAPORE - STProperty has launched a free analytics tool that allows users to delve into the transaction and rental history of projects they are interested in as well as conduct profitability analysis.
The tool - Singapore Property Watch (SPW) - as various functions, including a summary page that provides a breakdown of the buyer profile, unit size distribution and project details of specific developments.
Under a separate tab labelled "transactions history", users can conduct their own checks independently to verify quotations and information. This, said STProperty, will help safeguard the interests of the property buyer and seller.
Under the "nearby properties" tab, consumers can conduct price and rental comparisons for nearby properties. The tool is also targeted at short-term stayers and investors who can use the rental history function to make comparisons and projections of current estimated market rates based on previous rental transaction prices.
Said senior product manager of STProperty, Winston Lee: "STProperty's SPW brings to the property scene something different from our competitors. We are the first local property portal that has succeeded in converting statistics into accessible information for the mass market (property buyers/owners) to make better choices before selling, purchasing, or investing in properties."
The latest tool adds to STProperty's current range of features, such as Affordability Calculator, Mortgage Loan Calculator, Home Loan Comparison Calculator, Additional Buyer's Stamp Duty Calculator, Property Tax Calculator, Rental Yield Calculator and Fengshui Guide.
The SPW is a collaboration between STProperty and Square Foot Research.
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