{"id":117284,"date":"2020-06-23T11:13:36","date_gmt":"2020-06-23T04:13:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-firms-expect-to-see-more-transactions-now-that-physical-viewings-are-allowed\/"},"modified":"2020-06-23T12:03:14","modified_gmt":"2020-06-23T05:03:14","slug":"property-firms-expect-to-see-more-transactions-now-that-physical-viewings-are-allowed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-firms-expect-to-see-more-transactions-now-that-physical-viewings-are-allowed\/","title":{"rendered":"Property firms expect to see more transactions now that physical viewings are allowed"},"content":{"rendered":"


\nMany potential buyers still prefer physical viewings to get a feel of the space, environment and ambience before making a purchase decision.
\nWith the circuit breaker period forcing home buyers into virtual viewings, property firms expect to see more request for physical viewings of showrooms and resale residential units now that these activities are allowed under Singapore\u2019s Phase 2 of reopening, reported Channel News Asia (CNA).
\n\u201cWe have received many requests for appointments to view the properties since clients were not able to do so during the circuit breaker,\u201d CNA quoted George Tan, Managing Director of Savills Residential Projects Sales & Associates.
\n\u201cMany clients have done virtual viewings and Zoom presentations. But nothing beats the physical seeing and experience of the actual show flat and property.\u201d
\nPotential tenants and buyers are requesting for in-person tours to ensure that the property meets their space and lifestyle requirements, said ERA Realty Network Key Executive Officer Eugene Lim. He added that they take such requests as a \u201csign that they are ready to commit\u201d.
\nERA Realty Network Division Director Benjamin Poh told CNA that HDB resale flats received more demand for physical viewing compared to new private launches.
\nThis comes as buyers want to check if the flat has issues such as water leakage which cannot be detected over virtual viewing.
\nHe revealed that his team of 20 agents was able to close eight transactions for HDB resale flats over the weekend, or almost triple the usual number they sell on a regular weekend prior to the COVID-19 pandemic.
\nRelated story:\u00a0Condo Show Galleries Resume on 19 June, Here\u2019s What Home Buyers Need To Know
\nOrangeTee & Tie Head of Research & Consultancy Christine Sun expects the resumption of physical viewings to prop up sales numbers, given that many potential buyers still prefer physical viewings to get \u201ca feel of the space, environment and ambience before making a purchase decision\u201d.
\nAs such, property firms have been preparing for the expected hike in demand.\u00a0
\nDuring the circuit breaker, Savills kept their clients updated via webinars, which feature property updates, project presentations as well as discussions on the market outlook, said Tan.
\nTo prepare their agents, they also offered them training via webinars, tactical session and small group training, he added.
\nDevelopers, on the other hand, prepared for Phase 2 reopening by cleaning and sanitising their showflats, said Sun.
\nAnd while home buyers have been looking forward to viewing properties physically, PropNex Chief Executive Ismail Gafoor expects virtual viewings to stay.
\nHe believes that the majority of property investors and buyers will \u201cdo research and narrow their selection\u201d on virtual platforms, prior to requesting for a physical viewing of the property.
\n\u00a0
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property firms expect to see more transactions now that physical viewings are allowed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many potential buyers still prefer physical viewings to get a feel of the space, environment...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117284","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uvG","jetpack-related-posts":[{"id":117914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-20-new-residential-projects-to-be-launched-in-2h-huttons\/","url_meta":{"origin":117284,"position":0},"title":"Up to 20 new residential projects to be launched in 2H, Huttons","date":"July 22, 2020","format":false,"excerpt":"\r Despite slow sales during the circuit breaker period, there\u2019s been resilence in the market and Huttons Asia expects sales to hover between 8,000 and 8,500 units in 2020, with more project launches on the cards.\u00a0\u00a0 During the circuit breaker, developer sales plunged to one of its lowest levels in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-turn-to-virtual-reality-to-speed-up-uk-property-purchases-as-covid-19-pandemic-rules-out-in-person-viewings\/","url_meta":{"origin":117284,"position":1},"title":"Hongkongers turn to virtual reality to speed up UK property purchases as Covid-19 pandemic rules out in-person viewings","date":"June 30, 2021","format":false,"excerpt":"\r Buyers from Hong Kong are snapping up property in London at a faster pace to take advantage of the UK\u2019s citizenship offer, with developers and agents garnering more sales from clients with the aid of virtual technology.Live video tours, video conferencing and virtual augmented reality apps were assisting Hongkongers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-climb-0-2-in-q2\/","url_meta":{"origin":117284,"position":2},"title":"HDB resale prices climb 0.2% in Q2","date":"July 1, 2020","format":false,"excerpt":"\r HDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020. Whilst the COVID-19 pandemic has affected property prices in the private market, resale prices of HDB flats remained relatively stable in the last two quarters. HDB flash estimates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-muted-in-q2-2020-but-buying-activity-to-increase-edmund-tie\/","url_meta":{"origin":117284,"position":3},"title":"Residential investment sales muted in Q2 2020, but buying activity to increase : Edmund Tie","date":"July 30, 2020","format":false,"excerpt":"\r Despite a muted market, the real estate consulting firm expects buying activity to increase, with new projects launching in the second half of 2020. The resale market is also expected to see stronger sales as viewings resume.\u00a0 Residential investment sales in Singapore were muted during the second quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-market-in-england-to-reopen-for-socially-distanced-property-viewings\/","url_meta":{"origin":117284,"position":4},"title":"Housing market in England to reopen for 'socially distanced' property viewings","date":"May 13, 2020","format":false,"excerpt":"\r Estate agents back to work on Wednesday as new laws permit key house-hunting activitiesCoronavirus \u2013 latest updatesSee all our coronavirus coverageThe housing market in England has been given the green light to reopen after seven weeks of lockdown, with renters and buyers allowed to move home and view properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25439,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/second-viewings-after-initial-offer-not-always-allowed\/","url_meta":{"origin":117284,"position":5},"title":"Second viewings after initial offer not always allowed","date":"September 8, 2016","format":false,"excerpt":"\r Allowing second viewings after the initial offer is not common practice in Singapore, said one analyst. Property developer CapitaLand has come forward to clarify that home buyers are usually given access to its completed condominium units, pending completion of the sales process. This is in response to a forum\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117284"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=117284"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}