The iProperty Group has announced that property buyers, investors, developers, property negotiators and agents will now have a platform to easily obtain valuable transaction data on the property market in East Malaysia.
“With the demand for property in East Malaysia progressively growing, providing our consumers and customers with these valuable insights into the property market is a major milestone in the path to making data truly accessible. Together with our exclusive partnership with Brickz.my and also our internal data from iPropertyIQ, we are able to provide our consumers and customers with data that will help them make a well informed decision,” shared Georg Chmiel, Managing Director & Chief Executive Officer of the iProperty Group.
He added that Sabah and Sarawak is a burgeoning market. Both states are currently in a rapid economic development phase as part of the Nation’s Economic Transformation Programme supported primarily by the oil palm and oil and gas industries.
“Property values have been appreciating in all segments with prices for residential, commercial and industrial units estimated to have increased between 10 and 20%. As such, it was no surprise that in 2015 alone, a total of 81,894 searches were done on properties in Sabah while in Sarawak, there were a total of 63,589 searches,” shared Chmiel.
He added that according to data from Brickz.my from January to June 2015, the top three areas in Sabah that generated the highest activity by towns were Kota Kinabalu, Penampang and Tawau. In Sarawak, the top three areas were Kuching, Seduan and Kuala Baram.
The findings also revealed that the most preferred property types in Sabah were residential, commercial and land. However in Sarawak, land was the most preferred property type followed by residential and agricultural property.
“We are excited to be able to offer prospective buyers and those in the real estate industry transparent, timely and relevant information on sub-sale transacted property prices in East Malaysia. Property buyers, investors and developers can now instantly discover transacted prices and relevant details of a particular project to simplify and speed up their property decision-making process,” explained Chmiel.
According to Brickz.my Founder and Managing Director, Premendran Pathmanathan, “With a strong demand in East Malaysia, we are thrilled to be working together with iProperty to provide property buyers and investors with valuable information on the property market in East Malaysia.”
The website also displays the 10 latest transactions for residential, commercial, industrial, land and agricultural projects in KL, Selangor, Penang and Johor.
He added that the Brickz.my 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.
For more in-depth information and access to all tools and transactions available on Brickz.my, investors, buyers and industry players can subscribe to budget-friendly single or yearly subscriptions. More information can be obtained on www.brickz.my.