Property Insight > News release > Brickz.my debuts transacted property prices at your fingertips

Brickz.my debuts transacted property prices at your fingertips

One-of-a-kind portal determined to make a difference with reliable, consistent and up-to-date property price information

Kuala Lumpur, May 12, 2015 — Buyers, real estate agents and investors looking to cut the hassle and time from making informed decisions about property purchases now have a go-to website that provides all the information, transparency and due diligence required to make property hunting a breeze.

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Brickz.my (www.brickz.my), which was launched here today, is a one-of-a-kind property portal that offers prospective buyers and those in the real estate industry transparent, timely and relevant information on sub-sale transacted property prices. The website’s enhanced user interface allows users to instantly discover transacted prices and all relevant details of a particular project to simplify and speed up their property decision-making process.

A buyer interested in residential property in SS19 in Subang Jaya, for instance, will find the highest and lowest average price of any particular unit and price per square feet at their fingertips. Details of transacted prices are also displayed, as well as number of rooms, size of property and even information on whether it’s a corner or middle unit.

The website displays the 10 latest transactions for residential, commercial, industrial, land and agricultural projects in KL and Selangor for free. Serious investors, buyers and industry players, however, can subscribe to budget-friendly single, yearly and even customised reports for full details, updates and access to all tools and transactions.

Premendran Pathmanathan

“What makes brickz.my so unique is that we offer the most up-to-date, relevant information on sub-sale property transaction prices the moment a prospective buyer checks out a particular property,” said brickz.my founder and managing director Premendran Pathmanathan. “This helps them make the right decision in a fast, timely and easy manner without having to refer to any other sources until they obtain official valuation as confirmation.”

Providing the most reliable information

Premendran, who believes “everyone should have access to reliable, consistent and up-to-date property price information at their fingertips,” said the website sources data from the Valuation and Property Services Department (JPPH), which officially records property transactions once the stamp duty for the Sales and Purchase agreement is paid.
Brickz.my has been compiling JPPH’s officially recorded transactions since August 2014 and updates data on a monthly basis. Not all data received from JPPH is available, however, as the website automatically omits any records that are incomplete or inconsistent.

“By efficiently turning transacted property data into information and knowledge, brickz.my ensures our customers obtain only actual sub-sale transacted property prices,” he added.

Building a healthier property market

Apart from offering property purchasing support, brickz.my also aims to increase Malaysia’s global real estate market transparency ranking. The country is now ranked 27th in the 2014 Global Real Estate Transparency Index.

“Singapore is ranked No.1 in the region, although we are ranked much higher than countries like China, Thailand, the Philippines and Indonesia,” said Premendran. “This website will work towards improving our ranking as well as build a healthier property market and curb speculation.”

Brickz.my offers a mobile-friendly version to ensure users are updated while on the go. The site will also roll out property data on other states in the future to ensure a property buyer in Selangor, for instance, can access information about land in Johor without having to travel.

“We want to provide information as painlessly and as fast as possible so users can make informed decisions on property within minutes,” he said. “The ultimate aim of brickz.my is to turn one of life’s most stressful experiences into an easy, convenient and quick process.”

For more information, visit www.brickz.my.

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