For Immediate Release
- Enhanced property journey in Bahasa Malaysia
- LoanCare now provides you a home loan eligibility report from up to 17 banks
- Explore your desired neighbourhood with customised Point-of-Interest
- Speed up your property search with Recent Searches and Similar Properties listing
- Make smarter decisions and support your property buying and selling process with data
Kuala Lumpur, 20 June 2019 – iProperty.com.my officially announced new features and updates made to their website. The property website’s new updated features are aimed to change the way Malaysians experience property buying and renting.
Malaysians can seek out their prospective properties in their preferred language
Users can now toggle between English and Bahasa Malaysia. Through the Bahasa Malaysia version of the website, users will have the same seamless experience as the existing English version, beginning on the homepage and continues in the search results for: Properties for sale (Hartanah untuk dibeli), Properties for rent (Hartanah untuk disewa) and New launch property (Perumahan baru).
The Bahasa Malaysia version also allows users to play around with the features to refine their search; from setting up their search in a preferred state, the type of property they’re looking for, setting the maximum and minimum price, square foot of space as well as the number of bedrooms. Through its database of property listings, a list of properties will then appear based on the user’s refined search.
“We are very excited to launch our website in Bahasa Malaysia. This has been a long time coming. With iProperty.com.my now available in Bahasa Malaysia, the website will now be able to reach more than 69% of the local population. This comprises the Bumiputra crowd, which is not only an important market for us, but also a segment that is eager for real estate knowledge and information as well. We can now help to serve more Malaysians to look for a place to call home by utilising our platform.” said iProperty.com Malaysia Sdn Bhd General Manager David Mawer.
The Bahasa Malaysia version is also available for iProperty.com.my’s home loan eligibility indicator, LoanCare. Introduced in April 2019, LoanCare will help more Malaysians to increase their chances of getting a home loan and most importantly reduce the likelihood of being rejected. With iProperty.com.my’s latest fintech offering powered by Finology Sdn Bhd, Malaysians can check their Debt Service Ratio and home loan eligibility in just 3 steps.
Malaysians can now get their home loan eligibility report from up to 17 banks
LoanCare is also updated with two new features. Now, users can get their home loan eligibility report from up to 17 banks in Malaysia with monthly instalment amount and home loan tenure sent to their email.
In Malaysia, many potential home owners are unaware that different banks offer varying Debt Servicing Ratios (DSR) – how much of a person’s income is used to service debt instalments, represented as a percentage (%). Now, all buyers can access this information for free on iProperty.com.my at their fingertips.
Unlike other home loan tools, LoanCare from iProperty.com.my does not require someone to disclose their Identity Card numbers.
“The concept of Debt Servicing Ratio (DSR) is new for many people. Often, they don’t understand that the banks used DSR in variable ways. It’s not a one size fits all. The DSR shows how much of a person’s income is used to service debt instalments and is represented as a percentage. It is derived from two main components; Commitment and Income.
The downside of not understanding it, when people enter the market without the education, they get rejected by banks and they are prohibited effectively from trying to get a home loan for three to six months.
Ultimately, we want to provide a convenient and hassle-free platform for Malaysians to find value, through personalised searches and home loan eligibility reports, we provide it all in one channel. The new Bahasa Malaysia feature strives to help achieve that objective,” added David Mawer.
Explore your desired neighbourhood with customised Point-of-Interest
Besides location, property type and price, liveability is another important factor for most property seekers. The customised Point-of-Interest is integrated to the maps of the property you are viewing, helps you make a better decision in terms of how convenient it is for you to access Your Places such as your office, child’s school and favourite mall. Users will be able to view the distance and route to their top hotspots (Your Places) surrounding their desired property, all this in one view.
Speed up your property search with Recent Searches and Similar Properties listing
With an already comprehensive range of quality Malaysian property listings on iProperty.com.my, discovering the right property can at times be overwhelming. This is now made simpler and faster with Similar Properties listing. A prospective property viewed will show Similar Properties listing by location, property type, built-up-size and listing price.
To make it more convenient, Recent Searches allow users to quickly get back to where they left off when they return to iProperty.com.my. For example, if your last location search is ‘Bangsar’, this keyword will be displayed in the search field the next time you return to iProperty.com.my
Make a smarter and better decision with data
A property is probably one of the most prized possession for many, whether it is purchased for own stay or for investment. Before deciding to purchase a property, information backed by data will help our users make a smarter and better decision. Updated on the property for sale listing pages, iProperty.com.my have included information for up to 10 property transaction history from Brickz.my which includes property description, date sold, price sold and built up size. The historical data from Brickz.my is supplied by Jabatan Penilaian dan Perkhidmatan Harta (JPPH). If the user requires additional details such as the unit number or full address, they can visit www.brickz.my. Investors will also find the Capital Growth and Estimated Rental Yield information available, handy.
Currently, iProperty.com.my has over two million users monthly and the company wants to continue to innovate and ensure seamless consumer experience. For more information on all things property, visit iProperty.com.my
About iProperty.com.my: iProperty.com.my is the consumer brand of REA Group Asia and Malaysia’s leading property website, allowing people to find a property to buy or rent, as well as connecting property seekers with real estate agents and developers. iProperty.com.my also offers offline solutions for customers and consumers with property-related events and expos and producing digital and video content. With more than 2 million visits a month, iProperty.com.my is the number one property portal in Malaysia.
About REA Group Limited: REA Group Limited ACN 068 349 066 (ASX:REA) (“REA Group”) is a multinational digital advertising business specialising in property. REA Group operates Australia’s leading residential, commercial and share property websites – realestate.com.au, realcommercial.com.au, Flatmates.com.au – as well as Spacely, a short-term commercial and co-working property site. In Asia, REA Group owns leading portals in Malaysia (iProperty.com.my), and Indonesia (rumah123.com), and prominent portals in Hong Kong (squarefoot.com.hk), China (myfun.com), and Singapore (iProperty.com.sg) as well as an expo business (SmartExpo) across the Asia region and a leading property review site in Thailand (thinkofliving.com). REA Group owns Smartline Home Loans Pty Ltd, an Australian mortgage broking franchise group, and Hometrack Australia Pty Ltd, a leading provider of data property services. REA Group also holds a significant shareholding in property websites Move, Inc in the US and PropTiger in India.