Yes S&P price which is actually not the actual market value of a place.
For subsale transaction, most likely is “mark up price” to bank valuation.

Good example will be:
Flora Damansara - units transacted at 300k.
Mentari Court - units transacted at above 350k.
If you been to both places, definitely you will know it is not worth such pricing.
And a quick check at For Sale ads, can see all ads selling at 100k++ below those pricing.

brickz,my only for subsale transaction.

new project transaction wont appear in brickz, so no "cashback and all that rubbish"

Previously all new projects were in their records as there is no 'negotiation'. Is deemed willing seller buyer basis where some buyers even Q up few nights to buy a unit. The transacted price is based on cost input which is also one valuation method.

Even for subsale, JPPH wont know the SnP is manupilated because it deemed as arm length transaction. Users need to understand and how use the data.

This post has been edited by mini orchard: Aug 8 2021, 10:55 AM

Thanks for pointing that out and the examples

Ok thanks I didn’t know new transactions are not included

Yes . Can be manipulated up to bank valuation.
Those cashback thing unless you trust the seller I doubt it will happen.

This post has been edited by Drian: Aug 8 2021, 12:16 PM

I found their comments too on mentari Court...same like your comment..it looks like their AI model also doesnt follow inflated transaction price in brickz too..not bad..more accurate imo..seem they also know the market well..like you.. you also got AI brain
https://propmalaysia.com/property-malaysia/...-bandar-sunway/

This post has been edited by newbiefinder: Aug 9 2021, 05:21 PM

I browse thru their AI models..some with actual data...meaning they are basing on some real data too...otherwise, how to do AI model ...data plug from the sky?

I also found out mentari court (quoted by askarperang below)...their comment=askarperang's comment... accurate too...meaning they are doing good research on it..

i m also shocked to find out they got a lot of very old transacted data up to 1970++...impressive...meaning they are ppl in property business..

This post has been edited by newbiefinder: Aug 9 2021, 05:35 PM

Brickz data is no longer updated since January.
All are obsolete data.

Deleted


This post has been edited by boyboycute: Jan 18 2025, 05:26 PM

Different country, different practice, backed to the market price its all about willing buyer, willing seller, supply and demand.
At some country their house is sold by public auctioned (authorised by owner, not the force sell by bank), so every property transected is based on the market willingness price, so the bank will borrow them loan based on bidden price how many %. But in malaysia its different, how to determined the right amount bank willing to loan, compare to a normal people, bank will most believe in a professional.

Very simple, renovation cost. Do you think renovation cost should count in loan? How valuer see a property price at bank respective (business man) vs seller (owner) is total different.

You're speaking from very macro level. In reality, we often see how manipulation of certain market is conducted by a group of professionals

I can't say too much here but if you're in the industry yourself, you will understand what I mean

This post has been edited by boyboycute: Nov 23 2023, 02:34 PM

i think i know, but i will said, for property industry, it will be the best those professional give high value to each property on request. their money is based on the value mah, value higher, salary also higher.

If they cant be manipulate by some party request or corporate with some party, every one is suffering, seller, guru,developer,agent, etc. only bank happy because less risk involved. Now a day a lot people are not leverage feature money / value & credit only, but most of them leverage RISK to earn fast, get rich faster.

This post has been edited by Aldo-Kirosu: Nov 23 2023, 02:40 PM

Is Brickz website still in operation?

Cause I bought the report but I didn’t get it and their support number doesn’t seem to work.

i've purchased a report in Feb 2023. it takes 6 days before they send me the report, and that's only after a few follow up emails sent to the the support. and the township i frequently viewed was last updated Dec 2023

This post has been edited by pakjat: Jun 3 2024, 12:05 AM

Brickz website getting worse....

Seems like don't know what happened to them...

Reports also not so latest updates.... Financial issues or manpower issues....

I remember reading Brickz was bought over by some property company quite a long time ago. I think Brickz now is longer managed by the founder or original team, and the company that bought over probably stop updating it.

i think the government agency JPPH has stopped supplying the data to them.

One could buy valuation report from licenced valuer.

Even the website itself is down quite frequently these days.

Data collected from Rakyat should be supplied back to Rakyat at minimum cost because the Data belongs to Rakyat in the first place.