Service to gauge rental value of Singapore homes

Property agents, landlords and tenants in Singapore now have a new tool to help them estimate rental prices. Singapore Real Estate Exchange (SRX), an information exchange on property transactions and market pricing, on Wednesday launched Rental X-Value – a computer-generated estimate of home rental values. The service, which can be accessed for free on the SRX website, estimates rental prices of both public and private homes, taking into consideration factors such as location, floor level and proximity to MRT stations. “It helps to improve transparency and efficiency in the Singapore residential rental market,” said Mr Jeremy Lee, co-founder and chief technology officer of SRX, which was formed by 12 real estate agencies. –

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