Goodplace.my boasts more than 40,000 buyers monthly and 100% real listings. Their listings are presented differently to other sites, with pricing, walkability and saturation insights to give you the real lowdown on a property.
Goodplace are generous with their knowledge: The link above contains a tip about how to check for the fair market value of a property. Their Property Valuation Guide breaks down complicated housebuying ideas into the form of a short story. Having browsed the valuation guide, the main takeaway is that it helps a house buyer think more like an agent. That’s an invaluable skill to learn.
The problem with Goodplace is there aren’t that many listings. The site was featuring Mont Kiara at the time of writing, in the form of a cheat sheet, but many condos had only one listing, or none. It would have been nice if the team had indicated how many listings can be found at each development on the cheat sheet itself. It would save time for the user.
Best Feature: The pricing insights feature is especially useful. Goodplace compares the asking price of a property with past sales data of that area. If the asking price is near the median value of those past sales, that listing is awarded a fair value sticker. If the asking price is too high or low, the value sticker will give you that info instead.
Property portals that let anyone post a listing open the Pandora’s box of fake listings. Luckily, only agents can list on Property Guru, ensuring the quality of the listings. But according to some parties, this creates another problem. A problem where “Top agents keep paying to ensure that they stay on top of the search results. Meanwhile, new agents who’ve just entered the industry are left scraping the bottom of the barrel.”
Property Guru didn’t make the system. And all property portals to some extent suffer from this problem. But in the absence of a site like Realtor.com, a US site run by the National Association of Realtors, this is as good as it’s going to get.
Best Feature: Property Guru has a loan calculator that breaks down your monthly payments in the form of a doughnut chart, breaking down how much is principal and how much is interest. That’s big: most loan calculators will give you the total amount, not the monthly breakdown (Edge Property’s doesn’t do this). With Property Guru’s calculator, you’ll know the precise amount your principal goes down by, giving you greater control of your finances.
Were you expecting someone else? Though it’s lost its leadership position in Singapore, iProperty is the market leader in Malaysia. But their continued dominance isn’t assured. One industry observer remarked, “There’s not a lot of brand loyalty in classifieds.”
Conventional wisdom states iProperty is the portal with the most listings. Buyers don’t want to waste their time searching a dozen websites, tenants too. Everyone just wants to search one site and be done with it.
The amount of information in listings can vary wildly. Users may feel like pricier listings give more than enough information about the property, some even give a floor plan or a 3D showroom. But less expensive listings are not given the same amount of attention. In which case, it doesn’t hurt to call the seller, or message him or her on Whatsapp.