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 www.brickz.my reflects Actual property value?, or loan amount only?

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jonnie
post Feb 22 2016, 04:28 PM

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QUOTE(SeanST @ Feb 22 2016, 04:24 PM)
Am checking my house's market value, but i coundn't find an actual value for my house because the prices shown differs from one another within the same area and type of housing.
How about the factors of Bumi/Non-bumi lot, Malay Reserved/Non reserved, Free/Leasehold, Renovated/Basic, 90% or 50% loan approved etc? As these factors can greatly affect the house value.
I am wondering how is the 'Market price' determined by this website?
by Loan amount? or Actual value by bank?

Take SS17 for example.
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Why brickz?

The source of data on Brickz is from the Valuation and Property Services department (JPPH) which officially records a property transaction once the stamp duty for the Sales and Purchase is paid.

Brickz has been compiling these officially recorded transactions since August 2014 and will be updating the transacted data on a monthly basis. All transactions represent sub-sale transactions only. View FAQs about the data
jonnie
post Feb 22 2016, 05:35 PM

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Junior Member
481 posts

Joined: Feb 2006


QUOTE(SeanST @ Feb 22 2016, 05:19 PM)
Some prime areas in Malaysia do have market value. You seem dont understand about market value well. So i will leave it to next person to answer.
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brickz shows the transacted price. Not the bank valuation. you will need to approach the bank for their valuation.

market value is very subjective. nobody can give u a definite answer for that.


 

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