KUALA LUMPUR, Jan 26 — Property buyers, investors, developers, negotiators and agents will now have a platform to obtain transaction data on the property market in Sabah and Sarawak, said iProperty Group.
In a statement today, its Managing Director/Chief Executive Officer, Georg Chmiel, said the partnership with Brickz.my and internal data from iPropertyIQ will enable the company to provide customers with data that will help to make a well-informed decision.
“With the demand for properties in Sabah and Sarawak progressively growing, providing our customers with these valuable insights into the market is a major milestone in the path to making data truly accessible,” he said.
iProperty Group is Asia’s leading online advertising business serving the real estate industry.
Chmiel said Sabah and Sarawak were currently in a rapid economic development phase as part of the nation’s Economic Transformation Programme supported primarily by the oil palm and oil and gas industries.
“Both states are burgeoning markets. Property values have been appreciating in all segments with prices for residential, commercial and industrial units estimated to have increased between 10 and 20%,” he said.
Chmiel said according to data from brickz.my from January to June 2015, the top three areas in Sabah that generated the highest activity by towns were Kota Kinabalu, Penampang and Tawau.
Brickz.my Founder/Managing Director, Premendran Pathmanathan, said with a strong demand in Sabah and Sarawak, the company was thrilled to be working with iProperty to provide buyers and investors with valuable information on the property market in both states.
“The company sources data from the Valuation and Property Services Department which officially records property transactions once the stamp duty for the sales and purchase agreement is paid,” he said.
For more in-depth information and access to all tools and transactions available on Brickz.my, investors, buyers and industry players could subscribe to budget-friendly single or yearly subscriptions, he said.