SINGAPORE, 7 August 2017 | To mark the launch of its new application features, Ohmyhome officially reveals what the most popular towns on its property platform are, and names the top “Do-It-Yourself” neighbourhoods in Singapore. Based on data from July 2017, Sengkang took the crown with the highest number of HDB listings in both the sales (9.91% of total flat sales listings), and rental segment (13.86% of total rental listings). This makes Sengkang the top “DIY” town of Singapore.
Coming in a close second for flat sales, Woodlands secured this spot with 9.84%; followed by Jurong West with 8.74% rounding the top three towns in Ohmyhome flat sales listings. For rentals, Woodlands secured second place again, with 9.55%, of all listings. Third place was clinched by Hougang, making up 7.09% of rental listings.
By revealing these insights, Ohmyhome marks the twin launch of the Affordability Calculator and Sales Proceeds Calculator. The calculators are the latest features implemented to simplify the transaction process and helps users with financial planning, which is one of the key pain points commonly experienced by buyers and sellers. By using the calculators, buyers and sellers can make informed decisions before proceeding with the transaction. The features are incorporated in the platform’s Journey, the step-by-step guide which helps individuals enjoy a hassle-free transaction process.
The Affordability Calculator allows buyers to calculate the maximum loan amount they can obtain from banks in line with housing rules, so that they have more visibility on their budget even before beginning their search. Some people might not know how to exactly calculate their maximum loan amount. With Ohmyhome’s Affordability Calculator, users can get insights into their personal housing loan limit by answering a few simple questions.
The Cash Proceeds Calculator allows sellers to calculate the sale proceeds they will receive, whether it is a profit, breakeven or loss, so that they can make an informed decision on their sale. The calculator factors in often-overlooked expenses such as agent and lawyer fees, resale levy and whether they are using a second HDB loan for their next purchase.
Ohmyhome is going from strength to strength, towards its objective of becoming an integrated platform that is a one-stop shop for all housing-related matters. After a major update of the application in June, when the step-by-step Journey guide and the in-app chat function were introduced, the latest calculator features showcase how Ohmyhome continuously enhances its platform to fulfil user needs and further simplify the process. Listings can now be easily viewed on its website.