Close to two million property listings made through Mudah.my in 2013
KUALA LUMPUR, 9th May 2014 – Mudah.my is an online platform for Malaysians to sell, buy or rent anything and properties are no exception. Named as the top local website searched via mobiles by Google Trends in 2013, close to two million property listings were made through the Malaysia’s leading online classified website daily across all states in the country.
Malaysians are sourcing for alternative avenues to sell, buy or rent properties through their mobile phones or desktop from online classifieds platforms such as Mudah.my. According to statistics released by the Malaysian Internet Exchange, the country’s internet traffic recorded its largest annual percentage increase in over a decade with an impressive 51%. Today, the internet has become so much a part of how society functions that people are using it to do almost anything, including sourcing for property.
“In Q4 of 2013, property listings (houses, apartments, commercial property) posted in Mudah.my saw a significant increase as it contributed close to 50% of our overall listings made in 2013. In addition, about 80% of the total listings were from the secondary property market which goes to show that not only Malaysians are constantly in the lookout for great deals that are value for money but that Mudah.my is an instrumental platform in helping Malaysians achieves their dream to own a home,” explained Omar Giri, General Manager of Mudah.my.
As one of the best avenues to sell, buy or rent properties due to the sheer volume of monthly visitors, Omar added that Mudah.my will continue to proactively improve its filtering system and safety features as an effort to be the best solution provider for property sourcing for Malaysians.
Klang Valley topped the charts with the most property listings made in 2013 which was an increase of over 5% from 2012. With property prices sky rocketing in hotspots such as Petaling Jaya, Subang Jaya, Seri Kembangan and Klang among others in recent years, the demand for condominiums and apartments increased with it amounting to 39% of total listings in Selangor and 67% in KL respectively. Ara Damansara is amongst the most searched area for properties in Selangor.
The Budget 2014 saw the revision of the real property gains tax (RPGT) in the hopes of reducing speculative activities and promoting long-term investments. The new RPGT was to be implemented in 2014. Interestingly, Mudah.my recorded an upward trend in properties up for sale following the announcement. This is perhaps reflecting savvy consumers who are in-tune with current shifts in the market, while taking advantage of online classified platforms.
“While Malaysian property market is just beginning to cool from measures taken by the government, prices are generally not expected to come down as is being predicted by most people. Hence the online property listing trend is set to increase for some time to come as Malaysians look for great deals through online classified platforms for properties that are more affordable such as condominiums or apartments,” commented Siva Shanker, President of the Malaysian Institute of Estate Agents ahead of the upcoming Malaysian Secondary Property Exhibition (MASPEX) 2014 roadshows held in Klang Valley, Penang and Johor which focuses on the exhibition and sales of secondary properties. For more information about MASPEX 2014, visit www.miea.com.my.
Top 5 Online Property Listings by State via Mudah.my in 2013:
Selangor – 575,639
Penang – 429,774
Kuala Lumpur – 347,234
Johor – 75,193
Sabah – 37,271