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News - Detailed News Story

DBS

Stock Chart
Last Done 19.470
Change -0.170 (-0.87%)
Volume 7,941.1
Range 19.360 - 19.550

OCBC Bank

Stock Chart
Last Done 8.550
Change -0.100 (-1.16%)
Volume 13,772
Range 8.530 - 8.640

UOB

Stock Chart
Last Done 19.500
Change -0.340 (-1.71%)
Volume 13,724.2
Range 19.500 - 19.760

New app by UOB, SoReal helps SMEs buy commercial properties faster

20 Sep 2019 09:00

By Lynette Tan

SMALL and medium-sized enterprises (SMEs) may now be able to invest in and get loans for commercial properties faster, with a new mobile app - called RealCommercial - by United Overseas Bank (UOB) and property portal SoReal Prop.

SMEs can search and get valuations for properties such as offices and warehouses on the RealCommercial mobile app, which provides listings from SoReal, an online property platform founded by ERA Realty, Huttons Asia and PropNex Realty last year.

"From our experience in helping SMEs purchase their ideal commercial property, we know they want certainty and speed in the process," said Mervyn Koh, UOB's Singapore country head of business banking.

"This means not having mismatched expectations in the property's valuation or the loan quantum, both of which could lead to the SME not being able to secure their desired property."


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Source: Business Times
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