What’s Project Insights?
In addition to Market Insider and Home Report, we have introduced Project Insights which support Agent Partners in identifying opportunities within a project or HDB basis the information available such as SSD Status, Estimated Gain etc., so you can leverage this information to convince homeowners to sell their properties.
Here’s a step-by-step guide to use Property Insights:
Login to AgentNet web and click on Insights tab, then Project Insights.
2. To begin a search, select either Condo or HDB and the Project you would like to explore. You’ll see a project insight detailing its nearby amenities, e.g. MRT, schools, the number of active listings and transactions in the last 1 year.
Also, view the number of active project listings found on PropertyGuru to know the market competition or identify co-broking opportunities. You will also see the rental and sale demand for the project.
3. Select the Block and Transaction Period. You can filter to view project information by Last Transaction Price, PSF, Current Estimated Price, Estimated Gain percentage or SSD Amount. At any one time, only one type of information can be displayed.
Results are automatically generated in a table form. Information displayed include Unit, Floor Area, PSF, Last Transaction Date and Amount, Current Estimated Price, SSD Amount and Status, Estimated Gain/Loss and Number of Transactions the unit has gone through.
What's Estimated Price?
Estimated Price is the market value of a property determined by PropertyGuru’s state-of-the-art algorithm that calculates hundreds of factors including: past transactions, property attributes (e.g. floor area, tenure type, location, proximity to amenities, etc), market supply and demand trends, and much more!
Note: Estimated Price is a powerful starting point to discuss the property’s final price, but still requires your expertise to advise your clients based on their unique circumstances.
What's Estimated Gain?
PropertyGuru’s Estimated Gain formula ensures current homeowners can realistically estimate their true profit (or loss) by accounting for the property’s SSD liabilities.
Estimated Gain = Estimated Price - Last Transacted Price - SSD
We hope this step-by-step guide is useful to help you harness the full potential of Project Insights!
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