News > Real-time Property Transaction Data - Why would you need it and how to access it
Real-time Property Transaction Data - Why would you need it and how to access it
7 March 2024
In today's fast-paced real estate market, staying updated with the latest trends and developments is critical for success. Real Estate Analytics (REA) is at the forefront of this revolution, providing cutting-edge solutions that redefine how data is analysed and utilised in the industry.
At REA, we harness the power of real-time transaction data coupled with advanced data science and machine-learning capabilities to empower real estate professionals. Our tailored solutions cater to the diverse needs of our clients, whether they are agents seeking real-time transaction insights or developers strategising future projects.
Where do REA’s Real-time Property Transaction Data come from?
Our real-time data is sourced directly from the three largest property agencies in Singapore: PropNex, Huttons, and ERA, covering a significant portion of the market. This means, generally, we are able to retrieve and display transaction as soon as the mentioned agencies approve it. This shows that our data is not only comprehensive and accurate but also updated in real-time.
By retrieving transaction submissions directly from the agencies without having to wait for the updates from the Urban Redevelopment Authority (URA) or the Housing Development Board (HDB), which have longer release schedules, we ensure that our clients have access to the most current market insights.
Additionally, we also source data from public sources such as URA, HDB, Singpost, and data.gov.sg to further improve the comprehensiveness of our database.
How is REA Property Transaction Data different?
Update Speed
One of our key differentiators is our speed in updating data. By obtaining data directly from agencies, we can release information significantly faster than the URA. In fact, our data updates can be up to 40 days ahead of HDB’s publication schedule. This agility gives our clients a competitive edge, allowing them to make informed decisions based on the most up-to-date information available.
Specific transaction details
Unlike transactions from URA or HDB sources that only display floor ranges, our real-time transactions reveal specific unit numbers, providing enhanced transparency and granularity to our data.
Submission date instead of Publication date
We display the submission date — the day when the transactions were submitted by the agency —where applicable, to ensure our data reflects the market at the time of the transaction. This approach minimises lag and ensures that our clients have access to the freshest and most relevant market data.
So, why do you need real-time data for your real estate analytics?
- To gain an accurate and timely view of the market trends for better investment decisions
- To be able to react timely to market changes and minimise risks
- To gain a competitive edge to your competitors who only rely on delayed insights
- To better serve your clients by giving them advice based on accurate market insights, enhancing their trust and experience
Our Solutions/Tools with Real-time Property Transaction Data
RealAgent for Property Agents
RealAgent is a comprehensive tool designed to empower real estate agents with real-time transaction data, property valuation tools, data analytics, virtual tour bookings, and more. With RealAgent, agents can stay ahead of the curve and enhance their marketing efforts through features like virtual tours.
Learn more about RealAgent here or contact our customer support for inquiries.
RealInsight for Institutional Clients
RealInsight is a powerful analytics tool tailored for institutional clients, providing valuable insights into market potential, trends, and performance. By leveraging real-time data, RealInsight enables better strategic decision-making and planning, ultimately driving success in the real estate sector.
Learn more about RealInsight here or contact our customer support for inquiries.
Real-time data is invaluable in today's dynamic real estate landscape. It empowers stakeholders to react promptly to market changes, identify emerging trends, and make informed decisions.
Contact us now to get access to our extensive real-time transaction database:
For RealAgent:
- Call or WhatsApp: +65 9751 2217 (Customer Support)
- Email: help@realestateanalytics.sg
For RealInsight:
- Call or WhatsApp: +65 8101 0887 (Adrian Tan)
- Email: enquiries@rea-insight.com
For General Enquiries or Corporate-related matters:
- Email: corporate@rea-global.com
About Us
Leading Asia Real Estate AI Provider
At Real Estate Analytics, we're revolutionising the real estate industry with our cutting-edge AI technology. By applying advanced data science in real estate industry, and providing customised services for people with various property needs, our market trends and insights, agent enhanced tools, and REA Developer Suite deliver realistic and reliable end-to-end solutions that enables everyone can make their informed decisions. Our solutions are available across Singapore, Malaysia, Hong Kong (China) and Australia. Explore Our Seamless Data-Driven Real Estate solutions here.
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