Ohmyhome's Exclusive Cross-Border Property Transaction Solution Adds Listings in Philippines

SINGAPORE - Media OutReach - 3 November 2020 - Following its successful launch in the Philippines, the unique one-stop proptech solution to property needs in Southeast Asia, Ohmyhome, today announced the expansion of its cross-border property transaction capabilities to the archipelago, allowing buyers and investors from Singapore, Malaysia, and the Philippines to easily conduct property deals in these three countries.

Bridging the real estate literacy gap, Ohmyhome offers an exclusive solution for Southeast Asian investors and homebuyers by arranging for listing presentations with in-house agents present from both the local and foreign office in cross-border deals. Agents versed in the intricacies of real estate law and financing on both locations can now give buyers the best advice.

Rhonda Wong, CEO of Ohmyhome, said "The problems in cross-border real estate transactions have been around for a long time. We saw an opportunity to bring value to our customers in this overlooked area of the market by leveraging on our unique strengths as a regional proptech company. Having knowledgeable agents on both sides present at the same time and working together in the customer's best interest provides a reliable and hassle-free experience for our cross-border customers' real estate journey."

In most cross-border deals, prospective buyers must source for an agent in the foreign country themselves and worry about fending for their own interests. Ohmyhome has revolutionized the cross-border property transaction experience by arranging for in-house agents in both locations to work closely together for a seamless purchase journey.

Rhonda added, "With Ohmyhome's unique agency model where every agent works as a full-time professional and not as a freelancer, customers can be assured that no effort is spared in getting the best investment for their cross-border property deals. Singaporeans are actively enquiring about Philippines investment opportunities and within a month since the launch, Ohmyhome has successfully sold new launch condos to Singapore investors. One Singaporean buyer commented that even though they had the option to purchase directly from the real estate developer without using Ohmyhome, they still decided to buy through Ohmyhome because of its seamless end-to-end cross-border transaction experience that extends post transaction service. They found the reliability and service offerings valuable, and furthermore, these services are provided at no extra cost to the buyer".

Since its launch last month, Ohmyhome has added 50,000 new listings in the Philippines.