Why Real Estate Data Is Always Behind?

Video description from @notgpodcast

Ever wondered why real estate data can seem outdated? In Singapore, it typically takes 8 to 12 weeks to complete a property deal. That’s because after placing an option fee, buyers have 14 to 28 days to decide if they’ll exercise the option. Until that happens, the transaction isn’t recorded in official databases.

This lag can create a delay in the data you see. In contrast, the US has a different system known as comparative market data, which often reflects transactions more quickly.

Understanding these timelines is key if you’re tracking the market or planning a purchase. Knowing when deals are officially recorded helps you make sense of the trends you're seeing.