PropertyGuru shares revamped mobile app and key local insights

According to real estate site PropertyGuru, despite an economy in the doldrums, Malaysians are still keen to invest in property. According to the burgeoning site, which now has 42% market share in Malaysia and a presence in Singapore, Thailand, Indonesia and Malaysia, some 83% of Malaysian buyers are in the market for new projects and out of the total, 36% specifically prefer new projects. Granted, it’s not exactly like the smell of fresh leather and wrap akin to getting a new car but the sentiment is similar.

Property Guru shared a few more figures about the Malaysian property market. According to them, the outlook for investing in a chunk of prime real estate these days is admittedly low but there’s still a strong consumer sentiment to buy with 56% of the public being interested in investing in a property within the next six months. While the market has been on a downward trend and been in the doldrums, it has bottomed out and there’s slow consistent growth in demand till the end of the year.

Malaysian buyers prioritise location, price per square feet and future developments in the area over other considerations when looking at a property according to website PropertyGuru

In a media briefing, PropertyGuru also shared how they’ve made the hunt for a dream home easier for both realtors, buyers and sellers alike with their mobile app for Android and iOS devices as well as their revamped website. One of their key improvements is the inclusion of project reviews on the PropertyGuru website. These are commissioned by independent writers who do an on-the-ground, write-up from the perspective of a prospective investor so that aspiring home owners can get a more insightful view of a property rather than from a realtor or from the property developer. There are currently some 200 plus property reviews on the PropertyGuru website though they are expanding this rapidly to include all major developers and properties in the country.

Their revamped app also allows prospective investors to check out all manner of properties for sale and rent in Malaysia via a range of criteria with the ability to easily contact realtors, search for real estate based on area, price, construction date and even crunch out how much your loan will likely cost you. To download the Property Guru app for the Google Play store, swing by here. For the Apple store, swing by here. To visit their website have a gander here.

PropertyGuru Malaysia Country Manager Sheldon Fernandez at a recent media briefing