Brickz launches: Another property portal, but with a difference
By Digital News Asia May 13, 2015
- Latest transactions for residential, commercial, industrial, land and agricultural projects
- Says it also aims to increase Malaysia’s global real estate market transparency ranking
Brickz.my offers prospective buyers and those in the real estate industry transparent, timely and relevant information on sub-sale transacted property prices, the company said in a statement.
The website’s user interface allows users to instantly discover transacted prices and all relevant details of a particular project to simplify and speed up their property decision-making process, it added.
A buyer interested in residential property in a certain location, for instance, will find the highest and lowest average price of any particular unit and price per square feet. Details of transacted prices are also displayed, as well as number of rooms, the size of the property, and even information on whether it’s a corner or middle unit.
The website displays the 10 latest transactions for residential, commercial, industrial, land and agricultural projects in Kuala Lumpur and the state of Selangor for free.
Serious investors, buyers and industry players, however, can subscribe to budget-friendly single, yearly and even customised reports for full details, updates and access to all tools and transactions, Brickz.my said.
“We offer the most up-to-date, relevant information on sub-sale property transaction prices the moment a prospective buyer checks out a particular property,” said brickz.my founder and managing director Premendran Pathmanathan.
“This helps them make the right decision in a fast, timely and easy manner without having to refer to any other sources until they obtain official valuation as confirmation,” he added.
Premendran (pic) said the website sources data from the Valuation and Property Services Department (JPPH), which officially records property transactions once the stamp duty for the Sales and Purchase agreement is paid.
Brickz.my has been compiling JPPH’s officially recorded transactions since August 2014 and updates data on a monthly basis. Not all data received from JPPH is available, however, as the website automatically omits any records that are incomplete or inconsistent.
“By efficiently turning transacted property data into information and knowledge, brickz.my ensures our customers obtain only actual sub-sale transacted property prices,” Premendran said.
Apart from offering property purchasing support, brickz.my also aims to increase Malaysia’s global real estate market transparency ranking. The country is now ranked 27th in the 2014 Global Real Estate Transparency Index.
“Singapore is ranked No 1 in the region, although we are ranked much higher than countries like China, Thailand, the Philippines and Indonesia,” said Premendran.
“This website will work towards improving our ranking as well as build a healthier property market and curb speculation,” he added.
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