Hello everyone,

I didn't find a topic on this subject so here goes :
The Edge launched its own property portal recently, quite highly publicized :
http://www.theedgemarkets.com/en/article/t...property-market

The website is here:
http://www.theedgeproperty.com/my

The app is also available on Apple App Store.

Edit: Another new website also provides transaction data online : http://www.brickz.my

https://www.digitalnewsasia.com/startups/br...th-a-difference

My question/discussion point :
This is the first Malaysian property website (to my knowledge) that provides actual transaction data (look under Analytics/Fair value). Previously transaction data was a hassle to look up - Contact JPPH, fill up form, wait 3 working days, rinse, repeat). Now you can look it up on your handphone.

Now that this information is finally easily available online, would this be a strong factor to consider when negotiating sub sale purchase prices ? How would you use this to your advantage ? (I know one smartass is going to say "willing buyer willing seller")

Disclaimer :I'm neither an agent, nor am I from The Edge Media group. However, I am a first time home buyer and therefore with somewhat vested interest in the usage of concrete information in negotiations instead of pulling numbers from the air. :-)

This post has been edited by langstrasse: May 13 2015, 11:36 PM

You also can visit www.brickz.my

Hey thanks for sharing, I googled it and found that this website is also brand spanking new.
Found this article for others to read:
https://www.digitalnewsasia.com/startups/br...th-a-difference

good site.. seem like most subsales go down the drain since last year end.

Wow theedge property really helpful i can find my house approx market value instantaneously

Err...I'm not sure how you came to that conclusion - you mean you checked specific projects? Do note that JPPH data is not available immediately. There's apparently a 2-3 month lag until it's in their database and subsequently plus X time for these websites to include into their databases.

Yeah, helpful is the right word.I haven't really tried using it for landed properties though, just condos for now.

Condo is pretty accurate, my prop agent and my jmb estimated figure is less than 1% deviation from the edge data

Wow, your property must be multi-million ringgit value, no wonder less than 1% deviation :-D

yes .. at first i thought the data was only meant for 2014..
then i start search for few project. some shows 2015 jan and feb transaction..
but the few project i eyeing, last transacted price was 2014 nov
so meant to say.. nov to feb(so far the latest i saw is feb 2015 on other project) empty data

This post has been edited by sheahann: May 14 2015, 12:46 AM

Brickz is done by my friend.
As for JPPH data is not updated like example you buy Feb 2015 data, it will be Feb 2015 transaction. Its basically data that been key in in Feb 2015. If let say they suddenly found a data which forgot to key in say in Jan 2000. The data will appear in this set of Feb 2015 data.

Anyhow these two sites is a great site if you wanna know the market price and transaction data. But for investment especially in popular investment area, its basically back to location, position of the unit and traffic or amenities in surrounding.

Its just for your reference. Best is you survey the surrounding and see whether the unit you view is it worth that price

Yes, it's very good website and very useful data. No longer need to check with JPPH.

Btw it's not the first. Propwall used to provide transaction data in a report, but you need to pay for it.

However the propwall reports were very outdated after a while.

I notice, however, that the transaction data at edge property is only up till 2014 (for most of the condos). I know because i recently bought transactions from JPPH for a condo and there are 2015 transactions that were not updated on the website.

As for usefulness, it helps agents and buyers, and even sellers. I'm all for transparency - sellers will know what prices to set, agents and buyers can easily have the data handy for negotiation. These kind of data is freely available in singapore on their URA website, and everyone is better off for it. the rental contracts data is great too, btw. handy for all sorts of calculation , analysis and nego.

my only concern is that edge portal might not update their data so often. also i'd be never entirely sure whether they missed updating some condo trasnactions - i have spent the past week playing with the site and notice that some condos have got no transactions at all. (they are reasonably popular condo too ie saleable.. not some 45 year old abandoned ones)

even for those who previously did purchase jpph data before negotiating, i'd say the site is also useful , other than the obvious savings and effort, one could simply do a general survey of all property in the surrounding, which gives a better picture of market prices. overall great website! so i'd say, very useful. but completeness and timely updates are not a given as it depends on edge team, how well they continue to update data.


This post has been edited by corleone74: May 14 2015, 02:59 AM

Okay thanks for clarifying.

Sure, I agree with you that this informations serves primarily as a benchmarking tool above all else. It's not at all intended to replace an actual valuation done by an expert. Still, I much rather see these numbers from actual records than believe hearsay and rumours so a benchmarking tool is still a very powerful one if we know how to use it well.

some brickbats on the site: the earlier data for eg < 2011, the team just used a few points to plot the polynomial trendline.
for eg, a condo that i have data for all the way from 2004, on the edgeportal site, they only use 4-5 points for < 2011, whereas there were more number of actual transactions (from jpph) prior to 2011.

so while it's undeniably good, accuracy may not be 100%, especially historical data.

as for the original question, how do i use it for? Well, if a buyer asks for an extra 100k for his unit above current market prices, I'd know easily, on the spot, and can quickly compare against neighbouring condos prices as well. It'd be much easier to negotiate or walk away. In time, i 'd expect prices to narrow towards the main trendline, ie less outlier data. certainly more transparent overall, provided the data is continuously updated.

This post has been edited by corleone74: May 14 2015, 03:17 AM

interesting.
only partial data provided, seems like only 2014 data, need to buy individual reports.

subsale TRANSACTIONS going down but most prices holding stagnant..

there is a difference..

tried brickz today ...already can see error in data..

I keyed in condo A so can see the transaction price , date etc..but when I clicked for more details,
it was for another different condo..(ampang)


early stage so excusable ..hopefully it will be improved..

This post has been edited by nookie188: May 14 2015, 09:09 AM

Agreed! 👍

Had a look at the brickz site.

Still got some problems:
1 Showing end lot while it's a corner lot
2 Map showing wrong location
3 Room number is wrong (small error)

But still very good if you are looking to buy a house.
Just need to double check some information.

i have try both website,

fell brickz is better and update compare with thedge,

but really a good website for invester/buyer