FOR IMMEDIATE RELEASE

Singapore Estate Agents Association (SEAA) and Real Estate Analytics Singapore Pte. Ltd. (REA) Sign MOU to Enhance Real Estate Industry Collaboration

Singapore, 18 July 2024 – Real Estate Analytics Singapore Pte. Ltd. (REA) is pleased to announce the signing of a Memorandum of Understanding (MOU) with The Singapore Estate Agents Association (SEAA). This collaboration aims to empower SEAA members by providing them with the latest industry insights and exclusive access to REA's innovative products and services.

Enhancing Real Estate Industry through Data and Analytics

Real estate agents face numerous challenges in the dynamic and ever-evolving Singapore market. These include data fragmentation, where information is scattered across various sources, making it difficult to get a comprehensive view; lack of real-time data, which is crucial for making timely decisions; and the complexity of interpreting raw data into actionable insights. Moreover, staying competitive in such a fast-paced environment requires sophisticated analytical tools and the ability to quickly adapt to market changes.

This collaboration aims to address these challenges by leveraging REA’s extensive transaction database and advanced analytics to provide SEAA members with:

• Unified Real-Time Database: Tapping on REA’s real time data and platform, SEAA members can access the most current and comprehensive market information in one place. This enables them to respond swiftly to market changes and make timely, strategic decisions in a highly competitive market.
• Comprehensive Market Insights: REA’s data insight articles provide SEAA members with up-to-date news and trends of the Singapore property market, allowing them to constantly be updated and stay ahead of the market.
• AI-Powered Analytics: With AI and advanced algorithms, REA’s tools help transform complex data into interactive charts and visuals, empowering SEAA members to identify emerging trends and patterns in the real estate market. This allows data-driven and informed decisions.

Image: MOU signing between REA and SEAA. From left to right: Dr Jean-Michel Paul (CEO & Co-founder of REA), Mr Patrick Yan (CIO & Co-founder of REA), Mr Adam Wang (SEAA President), Mr Anthony Gan (SEAA CEO), Mr Wong Cheong Hong (SEAA Planning & Policy Advisor)

Commenting on the collaboration, Mr Adam Wang, President of SEAA, said:

"SEAA is constantly exploring avenues to equip members with the best tools and data resources available, enabling them to enhance their skills and understanding of the market to stay ahead in the industry. With REA’s expertise and resources, this collaboration marks a significant step forward in enhancing the capabilities of our members."

Dr. Jean-Michel Paul, CEO and Co-founder of REA, added:

"This collaboration reflects our commitment to empowering real estate professionals with the knowledge and resources they need to succeed in a dynamic market."

About SEAA

The Singapore Estate Agents Association (SEAA) was formed to represent the property agencies and property agents in Singapore and is the leading industry association for the real estate agency industry. With the support from the Council for Estate Agencies (CEA) and the major property agencies, SEAA aims to be a cohesively strong voice for property agencies and agents and to advocate and further their common interests.

Driven to promulgate and maintain the high standards of the real estate agency profession, SEAA ensures that the industry remains relevant and sustainable by promoting continuous learning, upgrading, ethical standards, and professional development amongst its 15,000 members. The association also works closely with regulatory bodies and stakeholders on industry initiatives that benefit its members. For more information, please visit www.seaa.org.sg.

About Real Estate Analytics

Leading Asia Real Estate AI Provider

At Real Estate Analytics (REA), we revolutionise the real estate industry with cutting-edge AI technology. Leveraging advanced data science and machine learning, we offer tailored data solutions for real estate professionals and enthusiasts. Our products, including market insights, RealAgent suite (for agents), and RealInsight (for developers, investors, institutional clients), provide end-to-end solutions for informed decision-making. Available across Singapore, Malaysia, Hong Kong (China), and Australia, our offerings ensure you always stay ahead in the dynamic real estate market.

Explore Our Seamless Data-Driven Real Estate solutions here.

Our data insights blog uses data-based evidence to examine popular trends and misconceptions in the real estate industry, providing valuable insights for informed decision-making.