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DBS Bank launches online property marketplace

DBSDBS Bank has launched an online property marketplace, which aggregates some 100,000 property listings from EdgeProp and Averspace. Called the DBS Property Marketplace, it is intended to be a one-stop-shop where new home buyers can browse listings, make cheque-free payments, and link up with utilities providers, as well as renovation, cleaning and moving services. A unique feature of the home financial planner available on the DBS marketplace is that buyers can determine the impact that purchasing a property will have on their monthly cash flow, calculated based on how much they intend to pay from both their CPF (Central Provident Fund) money and cash deposits. The bank hopes to double the number of property listings on the portal by the end of the year. The bank had earlier launched the DBS Car Marketplace, while the DBS Electricity Marketplace was launched in March this year.

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