Ohmyhome Successfully Transacts Over S$100 Million in HDB Flat Deals in Its First Year

• Have transacted over S$100 million worth in HDB flat deals
• Surpassed their first-year target of serving 500 successful HDB transactions
• Offering special rate of S$888 for Buyer’s or Seller’s Documentation Services to celebrate the milestone
• Launch of new mortgage loan feature

SINGAPORE, 25 September 2017 | Since its launch a year ago, Ohmyhome has transacted over S$100 million in HDB flat deals and has surpassed their first-year target of serving over 500 successful HDB transactions. The proptech company has emerged as the leading HDB DIY portal and captured the market’s attention by providing an enhanced home search experience while saving time and money.

They have had more than 10,000 unique HDB listings posted onto Ohmyhome’s peer-to-peer portal. The ‘game-changing’ agent services see equally strong demand, with more than 300 enquiries received every month. On average, listings are on the market for merely 33 days, which is three times shorter than market average. Some homes take as quick as two days to secure a buyer.

The statistics highlight the success of Ohmyhome’s DIY platform and agent service, and underscore the growing interest by home owners and home searchers in alternative transaction methods.

Ohmyhome launched its peer-to-peer property portal and innovative agent services in September 2016, to provide smarter ways for people to buy, sell and rent HDB flats, allowing people to be in complete control of their housing decisions. The recent successes were achieved with a firm commitment to being simple, honest and transparent, while constantly offering new innovations to simplify the process of making housing decisions.

With demand continuing to rise, the home-grown proptech company aims to double that number in the next six months to achieve a significant milestone of 1,000 transactions. Their five-year goal is to serve more than 50% of all HDB transactions, and to be the one-stop portal for all housing matters.

Ms Rhonda Wong, CEO and co-founder of Ohmyhome shared:

“We are extremely pleased that our unique hybrid model has assisted many home owners and home searchers with their housing transactions. In fact knowing that they find Ohmyhome faster and more cost friendly in transacting their homes has been amazing. The interest and demand for a more efficient method in buying, selling and renting of homes is visibly on the rise. We believe that the demand for our services will continue to surge as people familiarize themselves with new technology and pursue new ways of doing things.”

Ms Race Wong, COO and co-founder of Ohmyhome added:

“Singaporeans are extremely savvy and smart. They know what they want and how to get there. Ohmyhome is here to be a fantastic aid to assist them through the process of home transactions. Technology revolution in the real estate industry will dramatically transform the way things are done and we’re excited to lead this change.”

First Year Anniversary Special – S$888 for agent documentation services

To mark their first-year anniversary, Ohmyhome is offering a special rate of S$888 for the first 100 Buyer’s or Seller’s Documentation Services engaged in October 2017.

Ohmyhome is the first in the industry to introduce fixed fee documentation and agent services. When it launched last September, it was a game-changing move because the market had been offering full agent services only, regardless of customer needs and preferences, and it was commission-based.

Originally priced at a fixed fee of S$1688, documentation services caters to customers who have secured a seller or buyer, and require professional assistance for paperwork only; Ohmyhome facilitates the completion of Option to Purchase document, attends HDB appointments and more, so that customers can enjoy a hassle-free experience.

Launch of Mortgage Loan Feature

Moving into the second year, Ohmyhome will embark on the next stage of their plans to be the ultimate housing solution provider by introducing their mortgage loan feature.

Determining the optimal loan rate that suits one’s needs will now be a breeze. Home searchers can now review their projected monthly repayment amount with ease, and browse through a selection of housing loans from Singapore’s leading banks, all carefully pre-assessed by Ohmyhome to ensure that only the best deals are presented.