Singapore Real Estate Exchange (SRX) is a consortium of leading
real estate agencies administered by StreetSine Technology Group in
Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
.
The Exchange provides the prices of recently sold properties to participating
real estate agents
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agen ...
more rapidly than conventional, official channels run by the
Urban Redevelopment Authority
The Urban Redevelopment Authority (URA) is the national urban planning authority of Singapore, and a Statutory boards of the Singapore Government, statutory board under the Ministry of National Development (Singapore), Ministry of National De ...
and
Housing Development Board
The Housing & Development Board (HDB; often referred to as the Housing Board; ; ; ), is a statutory board under the Ministry of National Development responsible for the public housing in Singapore. Established in 1960 as a result of effo ...
.
[Mediacorp, TodayOnline News.]
Real estate agencies launch electronic network on property information
", 9 December 2011.
StreetSine Technology Group, a subsidiary of Singapore Press Holdings (SPH), is the leader in digital property in Singapore, offering one-stop real estate services including residential and commercial Quality Listings on SRX Property, full valuations fro
srx.com.sg/valuations and mortgage financing in collaboration with Maybank o
srx.com.sg/mortgage
StreetSine Technology Group integrates big data sets with mobile workflow applications to help real estate-related organizations and professionals employ real-time, relevant, proprietary information in the marketing of their products and services.
History
* StreetSine and market leaders PropNex, HSR, DWG, and OrangeTee soft-launched the Exchange on 15 July 2011 as part of a coordinated industry effort to share proprietary pricing information and increase efficiency, productivity, and transparency in the market.
[Channel News Asia TV]
, 8 December 2011.
* By 8 December 2011, SRX expanded its Member Companies to most of the market, including
ERA Real Estate
Anywhere Real Estate Inc., formerly Realogy (), is an American publicly traded real estate services company. It owns and franchises several real estate brands and brokerages, and offers consumer programs, lead generation, relocation, and title ...
, C&H, EC
Real Estate DTZ
DTZ was a London-based commercial property company. Tracing its origins back to 1853, it merged with Cushman & Wakefield in 2015 and its brand was retired.
History
Debenham & Tewson was established in London in 1853. In 1913 it merged with Ch ...
, Huttons,
Savills
Savills plc is a British real estate services company based in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The business was established by Alfred Savill (1829–1905) in 1855 in London ...
, and
Re/Max
RE/MAX, short for Real Estate Maximums, is an American international real estate company that operates through a franchising, franchise system.
As of 2015, RE/MAX had more than 100,000 agents in 6,800 offices. RE/MAX operates in over 100 countri ...
.
* SRX was officially launched on 8 December 2011 with a ceremony attended by industry leaders, government officials, regulators, professors from Singapore's leading universities and members of the media.
Validated listings
The estate agencies created the exchange to provide validated listings. Listings are validated through the internal systems of the estate agencies following the Estate Agent Agreement for exclusive listings as prescribed b
Council of Estate Agencies (CEA) Unlike other property portals in Singapore, the validation listing process through the SRX network of the eleven leading estate agencies ensures that no listing is a dummy or duplicate.
Technology enabler
SRX is an electronic information network administered by StreetSine. It is responsible for collecting, cleaning, filtering, processing, and disseminating information via the internet, smart phones, and tablets.
Government collaboration
Effective 15 November 2011, the
InfoComm Development Authority (IDA) of Singapore awarded StreetSine a government grant to further develop SRX as a platform to improve the transparency and liquidity of real estate transactions in Singapore.
Members
As of April 2017, the 15 members of the Singapore Real Estate Exchange are:
[SRX Website]
SRX Members
, 13 April 2017.
References
{{reflist
External links
SRXStreetSineStreetSine Hong Kong
2011 establishments in Singapore
Real estate companies of Singapore
Real estate companies established in 2011