Online auction for resale properties (Singapore)

This looks to be a very useful site with good potential to do well.   The online auction site lets people bid for or auction off resale properties.

Yes, this concept is untested in Singapore, but the upside is clearly there.  There is no reason why an electronic platform like this will not catch on, especially with the more IT-literate crowd.

In fact, owners can put up videos and pictures of the property on sale, though I would think that a site visit is still necessary for all serious bidders.

Screen shot of home page of Findnest.

 Happy Investing!