HONG KONG SAR - Media
OutReach - 6 September 2021 - whyborder,
a borderless property marketing platform, is introducing Asia's first
international reverse bidding auction on overseas properties. Hong Kong buyers
who are seeking properties overseas can connect with developers who are
offering premium discounted deals via whyborder.
With travel restrictions still in
place in many countries and the oversupply of properties in some countries, whyborder
offers a rare opportunity for investors and buyers to purchase properties at ideal
prices directly from developers both from and outside their home countries. Purchasing
properties in foreign locations has become a major trend in Hong Kong as people
plan their retirement, children's education and immigration overseas. Hong Kong
buyers became the fifth largest foreign investors in central London as of
August 2020[1].
Started in 2020, whyborder is an innovative
web-based platform to facilitate cross-border real estate business for
developers, agents, sellers and buyers. Managed by a team of real estate
businessmen which believes in transforming the industry by providing greater
transparency in property deals, whyborder makes
available information that was previously difficult to access. These include live
virtual tours, videos, photos, floor plans and construction documents for users
to better assess and understand the property before making a purchase decision.
One of the highlights of whyborder is a unique reverse bidding feature
known as whybid that allows buyers from across the globe to bid on international
properties, from the comfort of their own homes. Interested buyers can sign up to view and bid
for their preferred price during the limited bidding period. Once the bidding
closes, the buyer who had placed the highest bid and above the seller's reserve
price will be the eventual owner of the property. This entire transaction can
be completed in just two months with this streamlined process.
The first whybid auction will be taking place from 08 to 15 October
2021, starting from the Thailand
market. Properties listed include:
- Maru
Ladprao 15
- Manor
Sanambinnam
- Hyde
Sukhumvit 11
- Supalai
Sukhumvit 39
- Supalai
Elite Surawong
- Supalai
Prime Rama 9
"Buying properties is a major decision for many people. Our goal is to
facilitate better decision making by offering transparency and a wealth of
information and features to make buying and selling accessible to all, no
matter where they are located. We hope
to raise awareness and encourage more people to explore the buying and selling
of properties online in a safe and convenient manner," said Mr Dave Loo,
Founder and CEO of whyborder.com.
whyborder also introduces whyrefer, a
unique feature in the platform that allows its members to earn a 0.2% referral
fee by sharing the properties that are listed in the whybid campaign via their
personal referral links. Upon the purchase of said properties through one of these links, the referral
fee will be transferred to the account of the member who owns the link.
With whyborder.com, buyers
can liaise with agents and developers to address specific concerns on their
interests. A wide range of properties spanning 54 cities and
with a coverage of 6,173 districts, 555 train lines, 9,537
train stations, 9,649 landmarks is already listed on the platform. They
include popular locations like Australia, Canada, Japan, Taiwan Thailand, and
UK as well as emerging sites such as Cambodia, Malaysia and Vietnam.
[1] Source:
London Residential at Sotheby's International Realty
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