Which are the examples of "subsales go down the drain" that you saw from the site data?

Now that the actual transaction data is available for all to see, please support your statement with examples instead of just making sweeping assertions.

Based on the data analysis by theedgeproperty.com, markets like Mont Kiara & Brickfields are still performing. Though transactions have dipped slightly, prices are still strong:

PROPERTY SNAPSHOT Mont’Kiara prices rise 7.8%
http://www.theedgeproperty.com/my/content/...-prices-rise-78

PROPERTY SNAPSHOT Brickfields prices hit new high
http://www.theedgeproperty.com/my/content/...es-hit-new-high

Point to note about JPPH data shown on both sites:

While both source data from JPPH, comparing between theedgeproperty.com and brickz.com, I've found brickz.com has slightly more updated transactions for some condos. While theedgeproperty.com is missing some November & December data, Brickz.com has up to January data for certain condos.

Also one thing to note about data from JPPH, the transaction dates shown follows the SPA date, HOWEVER the data only enters the JPPH database after the MOT. This typically happens 3 months after the SPA has been stamped, but can sometimes take much longer than that. In the case of foreigner purchase, the MOT may only be completed 6-10 months after the SPA. For example, a Mont Kiara condo I sold end of last year has an SPA dated in early December. However as the purchaser is a Foreigner, they just obtained state consent a few months ago. For this sale, eventhough the transaction date is in December 2015, it does not appear on Brickz.com or Theedgeproperty.com now eventhough other December 2014 and one January 2015 transaction is already shown. It will most probably only appear in JPPH database when they do the update for Q2 2015.

So while both sites show transacted data up to Q3/Q4 of 2015, if you check back 3-6 months later, there will often be additional transactions in Q3/Q4 that was not there initially.

This post has been edited by R o Y: May 14 2015, 11:49 AM

different ppl different opinion.

On the trendlines, I totally agree that some are basically just extrapolated - I've seen one which had just 3 points and the proposed trendline just was a straight steep climb which didn't quite make sense. However, should not be a major issue since all it needs is a bit of time and more data points and the trendlines should improve by themselves.

On how to use it, I've actually sent screenshots from both websites to some agents who mentioned asking prices and one guy stopped responding and the other used the eternal argument "willing buyer willing seller", despite the fact that his asking price was a whopping 40% higher than the highest psqft transacted price available.
Definitely agree with you that this information now greatly simplifies the decision point on whether to pursue negotiations or to walk away.

I've seen one entry so far which had the correct condo name but incorrect (though adjacent) area name. These websites really should have a feedback loop in place so users can signal incorrect data. Not sure if either one has this function or not.

Anyway about the data overall, it's only going to get better with time I believe (hope).

I'm using both currently just to compare data. The Edge has those fancy analytics which make the interpretations part somewhat simpler.
Interesting that these 2 websites launched within days of each other, gone are the days where you need to waste time with the dinosaur like JPPH procedures

Thanks for sharing this, I was aware of the typical delay from transaction to data availability but I didn't know about the data entry after MOT. Also transactions by foreigners seem to take a helluva long time

http://www.theedgeproperty.com/my/content/...t%E2%80%99kiara

According to theedgeproperty.com/Napic (National Property Information Centre) data for the third quarter of last year (3Q2014), Mont’Kiara recorded the highest sales volume in the high-rise residential category in Kuala Lumpur, with 148 units sold, outperforming larger hotspots such as Cheras

Self-contained neighbourhood

Real estate agency Fernstate Sdn Bhd director Shawn Fernandez (pictured) says Mont’Kiara is a mature neighbourhood, and this has contributed to its strong transaction volumes and prices over the past few years.

“[Mont’Kiara] has the added benefit of international schools and commercial areas such as Desa Sri Hartamas, Plaza Damas and Publika being within easy reach. This level of convenience draws people to live in the area,” says Fernandez.

A host of amenities within a 2km radius of the neighbourhood caters for the community of more than 50 nationalities that lives there. There are three international schools, three malls and a good supply of commercial space for small and medium enterprises as well as multinational corporations. Being self-contained adds to Mont’Kiara’s attractiveness, Fernandez adds.

Shortage supports the price

Data collated by theedgeproperty.com as at April 27 also showed the average transacted price of non-landed residences in Mont’Kiara rose by 7.8% in 3Q2014 from a year ago to RM685 psf. This compares with Kuala Lumpur’s High-Rise House Price Index growth of 7% over the same period.

A real estate agent familiar with the area believes this is due to its relatively high occupancy rate of above 80%. “Of this percentage, 30% to 50% of Mont’Kiara properties are owner-occupied. Therefore [there is] limited supply [for tenants],” says
Kiara Realty principal Lee Meng Tuck (pictured).

Critics say the residential property market in Mont’Kiara has become saturated and expensive and offers few units priced below RM1 million. Meanwhile, the high prices in Mont’Kiara are having a spill-over effect on neighbouring areas.

True, true. now buyers have some concrete data available, makes life easier.
but although data provides a better perspective of the historical trends and analytics, does not mean negotiations are not needed. for example, say a property that one is eyeing has only a few units for sale the whole year, one still has to go and do site visit, and perhaps look at the condition of the property in question, and try to negotiate from there. Just telling the agent "nah, your unit is overpriced by 50k based on data " and not even visit may end up you never get the property you want. just sayin'.

del

This post has been edited by yck1987: May 16 2015, 10:44 PM

so the edge data more updated or brickz

There are currently at least 2 more websites providing the data interactively with map..

Which are they?

But edge is foc

past prices is not an indication of future prices, it's all about demand and supply at the transaction moment

i have been surveying some condo in city center and noted the average asking price shown in prop wall is really coming down

the transaction price will give an indication for the bank valuation.

in Fy 2013-14, many owner wanted to sell way above bank valuation and many buyer cannot get max of 90% financing.

Please share links here

Propwall shows asking prices which are always inflated by agents/owners, while Brickz and EdgeProperty show actual transaction data based on JPPH. The latter is a much more reliable benchmark, which is why these websites are providing them because previously the transaction data was difficult to access.

Bank values are really conservative these days.

when the market is softening, dont be surprise that the asking price will deflate instead of inflate compared to actual transaction price for past 1 year, anyway, you can only rely on actual transaction for past 3 months, anything older than that is not a good indication, i doubt brickz are so updated

If assets deflation set in, it will take many years for price to recover e.g Japan.

Japan is going thru a rapid aging society which is dissimilar to M'sia, hence it is not a good reference to be used here.

In 2030, Malaysia will become a ageing nation.

How to find latest transaction from theedge property? Can guide?

Judging from current birth rate, don't think it will happen so soon. We are still having population growth of more than 2% per annum. Also, life expectancy increases with better healthcare. In other words, we still need more housing for the living.

This post has been edited by klangvalleyrookie: Apr 23 2016, 04:41 PM