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 subsale property price coming down

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jason_chee
post May 14 2015, 12:40 PM

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QUOTE(propertysense @ May 14 2015, 12:29 PM)
sometimes the edge is quite one sided. Don't trust too much on newspaper/magazine

This is the best accurate source avail now.
http://www.brickz.my/
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how reliable this website? Where is the source info? I read the disclaimer at the bottom.

"Brickz.my (hereinafter referred to as Brickz) is an independent property website. Brickz is not a property valuator, and cannot give direct property valuation. You should not rely on any of this content without first seeking financial advice from a professionally qualified expert. The content on www.brickz.my is provided “as is” for general information purposes only. It does not constitute advice nor does any part of the content constitute an open offer capable of forming the basis of a contract. Brickz strives to ensure the information on this website is accurate and up to date, however, Brickz does not warrant or guarantee that anything written here is 100% accurate, timely, or relevant to the solution of any problem visitors may have. To the extent permitted by law, Brickz disclaims any and all warranties, express or implied, including those of merchantable quality or fitness for a particular purpose, with respect to the publication of this content."

just my 2 cents.
jason_chee
post May 14 2015, 12:50 PM

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QUOTE(corleone74 @ May 14 2015, 12:45 PM)
both website data is from jpph, but theedge portal has niftier features compared to brickz basic layout. furthermore edgeproperty is totally free, no strings attached. brickz need to register or buy the report. anyone bought the brickz report? what are the details provided? i have bought propwall report before, disappointing and costly. as for the disclaimer, i'm sure theedgeproperty also has similar disclaimer. some recent 2015 data isn't updated yet.
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yup. only up to dec 2014. the disclaimer shud include the JPPH source as well. Cos my first question or doubt is, how true is this report.
jason_chee
post May 14 2015, 02:53 PM

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QUOTE(corleone74 @ May 14 2015, 01:04 PM)
i have checked for one of my property data , the brikz , theedge property, and my own self purchased data (direct from jpph) are all the same and complete for 2014. however my latest data set from jpph bought last month with a few 2015 transactions are not updated in brikz and theedgeprop database yet.
obviously i can't check all the properties in kl....  tongue.gif  tongue.gif  but overall i think pretty ok la. i'm monitoring when theedge/briks will update 2015 data.... biggrin.gif
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i see. then shud be quite accurate. The reason why i'm asking is... i checked M Residence 1 and transacted price is RM 500-540K for small unit whereas as per ppl say, price went down since last year and buyer kept offering 480K. that's why i was curious and question the credibility of the site. smile.gif

QUOTE(R o Y @ May 14 2015, 01:24 PM)
JPPH is the JABATAN PENILAIAN DAN PERKHIDMATAN HARTA (http://www.jpph.gov.my/index2.html) which is basically the Government's Valuation department. The data in the JPPH report is basically the Official Government Data.

That being said, occasionally you can come across errors when looking thru the data, from my understanding, the data is manually entered so there could be some human error during input. That being said, 99.9% should be error free.

End of the day, data is data, data has no hidden agenda, and data is not biased. Its how one analyzes the data which can skew the picture to one side or another.

Theedgeproperty.com has analyzed the data, and has come out with a positive picture. For those who don't believe/trust the analysis, they can always go back to the data to analyze it, and share in this discussion the data analysis that supports their own differing point of view. This is how we can have a constructive discussion based on facts and figures, rather than both sides throwing assertions without any backup data.
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yes, that's why i say the website should at least indicate the Source Origin. Just like citation in any write-up.
jason_chee
post May 14 2015, 03:28 PM

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QUOTE(corleone74 @ May 14 2015, 03:05 PM)
i just checked idaman residence (klcc) on birkz and there are couple of free transactions there, whereas theedge portal has no data.

as i mentioned before, completeness of data may not be 100%. certainly quite a number of property i couldn't find any data on theedge property.
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yes. if you compare both, seems like birkz has more transacted data compared to theedge prop.
jason_chee
post May 14 2015, 03:52 PM

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QUOTE(prody @ May 14 2015, 03:46 PM)
For the edge website you can first try to find the property based on the property name.
You can also try to use the alternative property name.
Thirdly you can find individual street name for the property and use this. I've found a lot of data using street names.
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great. Thanks.

 

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