iProperty launches new feature to help buyers, sellers

KUALA LUMPUR, June 16 (Bernama) -- Market-leading property portal, iProperty.com.my has introduced the iProperty Transactions Section, a tool to help property buyers and sellers obtain transaction data. 

Product director Shah Suriye Rubhen said the portal’s latest feature provides actual transacted property data in any area throughout the country. 

“You can narrow down the type of property, be it a terrace, bungalow, semi-detached and so on, and look at the prices from different angles, including the median price and price per square foot.

“This would give Malaysians a good point of reference when they embark on the property buying or selling journey," he told reporters during a presentation on the portal’s latest feature.

Users could also view details on properties available for sale and rent and check on the latest transaction data, while property sellers will be able to analyse market trends and historical transaction data.

The iProperty Transactions Section can be accessed via https://www.iproperty.com.my/transaction-price/.

Meanwhile, when asked about the office and commercial space occupancy rates amid the flexibility of working from home, iProperty country manager-Malaysia, Shylendra A S Nathan said that based on its survey, companies are still adjusting to the current environment as Malaysia moves toward the endemic phase. 

However, he said there has been an uptick in demand for properties just outside the city area, with bigger spaces to meet home-office requirements and sustainable living, equipped with greenery and well-built infrastructure. 

“Demand in this post-COVID-19 environment is changing, not like before where everyone wants to live and commute closer to where they work, especially the city. 

“Now, with this hybrid (work) implementation, purchasers are beginning to look for bigger, cost-effective properties outside of the city," he said.  

-- BERNAMA