Brickz.my - a good resource for sub-sale buyers!
Check out brickz.my
This website basically digitizes the public information of stamp duty paid on the sale price of all properties sold. Currently they have uploaded the data for the major urban areas of KL and Selangor. Believe Johor and Penang are on the way as is the rest of the country eventually.
The great thing about it is that you can see a lot of details like transaction date, the price, property size and type - down to like intermediate or corner unit and even the floor level for condos and apartments.
Hence, before you buy into an area or a unit, you can do an independent check yourself without relying on the real estate agent to get a good gauge of how much you should pay.
The latest information is at the last 2 months - i.e. as of November, you will be able to see September 2015 data which is quite a good recency.
Of course, for areas where there is active sales transactions, you will see up to September. Other areas that are quieter, you will see the most recent transaction which may be even over a year ago. That is also a good indication if you are buying into a hot area or not.
Overall, it is so wonderful to have such a resource now available in Malaysia (well, to be honest, the information was always there but not so easy to access because it was published in a static format and hard to search).
Property buyers - you must use this site to do your homework. Nowadays, ignorance is no excuse because the information is so readily available.
By the way, my insider info tells me that banks are also looking into how to interact with this site - this means that there will be more control over the valuation. It's good for all parties concerned because it standardises the decision making.
Love it!
This website basically digitizes the public information of stamp duty paid on the sale price of all properties sold. Currently they have uploaded the data for the major urban areas of KL and Selangor. Believe Johor and Penang are on the way as is the rest of the country eventually.
The great thing about it is that you can see a lot of details like transaction date, the price, property size and type - down to like intermediate or corner unit and even the floor level for condos and apartments.
Hence, before you buy into an area or a unit, you can do an independent check yourself without relying on the real estate agent to get a good gauge of how much you should pay.
The latest information is at the last 2 months - i.e. as of November, you will be able to see September 2015 data which is quite a good recency.
Of course, for areas where there is active sales transactions, you will see up to September. Other areas that are quieter, you will see the most recent transaction which may be even over a year ago. That is also a good indication if you are buying into a hot area or not.
Overall, it is so wonderful to have such a resource now available in Malaysia (well, to be honest, the information was always there but not so easy to access because it was published in a static format and hard to search).
Property buyers - you must use this site to do your homework. Nowadays, ignorance is no excuse because the information is so readily available.
By the way, my insider info tells me that banks are also looking into how to interact with this site - this means that there will be more control over the valuation. It's good for all parties concerned because it standardises the decision making.
Love it!
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