Property marketing platform whyborder was created in 2020 to facilitate cross-border real estate business for developers, agents, sellers and buyers.
SINGAPORE (EDGEPROP) - Property marketing platform whyborder has unveiled a reverse bidding auction for properties. The bidding system allows international buyers looking for overseas properties to connect with developers.
Whyborder is an independent Web-based platform that was created in 2020 to facilitate cross-border real estate business for developers, agents, sellers and buyers. The site also features virtual tours, videos and photos of properties that are marketed on its platform. Other information such as floor plans and construction documents are also available.
The new reverse bidding feature will be called whybid and interested buyers can sign up to view and bid their preferred price during a limited bidding period. The platform says that the entire transaction can be completed in two months.
The first whybid auction will be held from Oct 8 to 15 and is available to buyers in seven countries: Singapore, Hong Kong, Thailand, Japan, Malaysia, Dubai, and Taiwan. Six properties will be offered for sale.