Process Of Home Buying To Change Beyond Recognition

Last update: 13/10/2017

KUALA LUMPUR, Oct 13 (Bernama) - The process of buying a home will change beyond recognition in the coming years and it will be a more streamlined transaction, with buyers and sellers having greater control and relying much more on technology.

In a statement today, HSBC Bank Malaysia Country Head, Retail Banking and Wealth Management, Lim Eng Seong, said the speed at which the digital revolution in home buying rolled out around the world would depend on local regulatory environments and people's willingness to trust technology for such an enormous buy.

"The traditional role of estate agents will be reinvented as nowadays there are many online platforms where homeowners can market their own properties and negotiate directly with the sellers," he said.

HSBC Bank Malaysia Bhd, in its new Beyond the Bricks home buying report, ?The future of home buying', said new technologies were transforming the way people were buying a home in Malaysia and globally.

It said the report combined the results of over 9,000 people in nine countries and in Malaysia, the views of 1,000 people were obtained.....