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

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

now a lot of projects targeting baby boomers who retiring soon.

KUALA LUMPUR: Malaysian citizens should prepare early, as the country is expected to reach ageing population status by 2030.

Institute of Islamic Understanding Malaysia (IKIM) director-general Datuk Nik Mustapha Nik Hassan said among others, the things that they needed to do were to start saving at a young age and learn to plan life for when they would get old, as well as take measures to strengthen the family institution.

"According to the UN's (United Nations) projections, the country will achieve the status (ageing country) in 2030," he said.

Nik Mustapha was giving the opening speech for a roundtable discussion on the seminar - "Realities of an Ageing Society: Causes and Challenges in Malaysia" at the Dewan Besar IKIM here today.

He explained that a country achieved the status of an aging nation when 15% of its population consisted of those aged 60 years and above. The elderly or senior citizens are those aged 60 years and above, according to the definition outlined by the National Policy for the Elderly.

http://www.thesundaily.my/news/1357641



This post has been edited by icemanfx: Apr 23 2016, 04:47 PM

Agree on the above because the terminology of ageing population is based of % of ppl aged 60 yrs & above in a society. Pls note that we are still enjoying population growth of more than 2% per annum. Life expectancy increases with better healthcare. Old ppl & the influx of young adults need places to stay too. For housing demand, I think it's more appropriate to take reference on population growth, Japan is currently having -ve growth, we are still +ve.

Right, old houses will eventually be demolished. Generally speaking, a human life expectancy is longer than a house. Nowadays, old & young ppl also need new type of prop with the changing trend in life style.

I guess our population grows slowly at sub 2.0% now in line with smaller household size

Lol, right, my stat not inline with the official figure. Perhaps i made my own stat by including the foreign workers

LOL... undisclosed figures

Frankly speaking, am more worried of the impact on housing demand due to changing economy, which is more difficult to predict. We know housing demand basically comes from 2 sources: own stay or investment. Population growth although is one of the factors affecting housing demand, the trend is easily predictable, unless there are sudden catastrophic events, e.g. war, pandemic, natural disaster, etc.

1. Go to http://www.theedgeproperty.com.my/
2. Click on "Edge Reference Price" tab
3. There'll be a pull down menu for "Condominium" or "Landed" - choose the one you want.
4. For Condominiums, enter the project name eg. "Pantai HillPark 1" then enter the unit size (which is required as a minimum)

You should get results as here:
http://www.theedgeproperty.com.my/analytic...type=&type=Sale

I don't use the landed option, maybe someone else here can help but it should work the same way.

As for Brickz, it's a little simpler:
1. Go to http://www.brickz.my/
2. Enter the project name (you need to wait for the search bar to show the project name) then enter.

For the same example project (Pantai Hillpark, not sure why it doesn't have Pantai Hillpark 1), you should get the results as shown here:
http://www.brickz.my/transactions/resident...ark/non-landed/

Economy has its cycles. No matter what the demand for housing lies on population. All needs roof to cover their heads; just either they own the roof or rent the roof. No change for for those in advanced economic countries such as US, Japan, and China. Overall, ours still manageable.

Between 2011 and 2014, many bought to flip. It seems many ignored hoarding by flippers that have impact on subsale supply.

with family getting smaller in the long term, i really doubt those big houses launched recently will be in high demand in future, whether for sale or rental, those landed with nice parks or gardens is quite attractive to retirees but being old, big houses can be quite hard to maintain, some retirees would rather stay in a studio

It depends.

New projects offer low entry cost although at higher psf compared to existing one. Beginners and investors love it.

Sub sale is slow but once the location and overall development is well managed and well maintain, there are still market for it.

Location still play as one of the important factors.

Now new landed come with dual key concept. ;@

Wow, this is new to me? which project got such thing?

Below are links to the websites, directly to the map...but 1 website newly found but without map
1) http://www.propertypricetag.com/home?searc...text=Casa+Kiara
2) http://propertysia.my/index.php?page=searc...itle=Casa+Kiara - too many data..a bit messy..
3) http://www.propertytransactedprice.com - text only but fast enough, same like brickz..same source?? currently only stratified properties..

I think there are many similar websites coming out very soon..

Thx for the links and guidance to access them.
Cantik!

Thank you very much for the links....
Really appreciate it.
Looking for more links in future....

very informative. Have been using theedge and brickz for a while. No doubt some of the information is not 100% up-to-date but it is good enough for buyers to get some idea of the transacted price. Nonetheless, if we are talking about completed property, bank valuation is still required.

[quote=newbiefinder,Apr 28 2016, 11:40 PM]
Below are links to the websites, directly to the map...but 1 website newly found but without map
1) http://www.propertypricetag.com/home?searc...text=Casa+Kiara
2) http://propertysia.my/index.php?page=searc...itle=Casa+Kiara - too many data..a bit messy..
3) http://www.propertytransactedprice.com - text only but fast enough, same like brickz..same source?? currently only stratified properties..

I think there are many similar websites coming out very soon..

[/quote

I personally like the feature i.e most-probably-psf by propertytransactedprice.com

The most-probable-psf is a nice feature.. ..+freehold and leasehold...👍

This post has been edited by newbiefinder: May 2 2016, 10:22 PM

Would like to seek advice on JPPH search. Can this be done by anyone? JPPH's website (http://www.jpph.gov.my/V2/index3service.php?versi=1&no_khidmat=2&no_item=1) seems to state that the search can only be done by approved companies or registered real estate agents.

For landed properties, can we search a street...eg Jalan Rahim Kajai. If there are 20 transactions, we will have to pay RM20?（RM1 per Txn)

Really appreciate the advice of all the gurus here

This post has been edited by gilabola: May 31 2016, 08:02 AM

Any idea how brikcz get the data up to snp date?