(1888PressRelease)
January 22, 2008 - Unlike residential property trading, local commercial property trading involved a much more complex processes. In fact, lack of accessibility of market information slows the process further. Commercial property trading is still very much confined to experienced investors in this sector. Many investors shy away from this sector due to immature and inaccessibility of market information. Information like average selling and average renting price per square feet for various location, indicative fair value of a particular property, information about a qualified agent and the structure of a commercial loan from banks; have never been easy to obtain or accurate.
Similarly, qualified agents face similar challenges as they are pressured to increase their portfolios to grow revenue and profit. Lawyers and property valuers do not have an avenue to increase their marketability to serious buyers and sellers. Bankers and new commercial project developers are only going through conventional media with non pro-active channel to attract inquiries. Most importantly, we strongly believe that there is no one common market place to service players.
The Estate123.com believes that with its presence in this internet era, creating a dynamic market place will surely be welcomed by all parties. It is the only business model that will answer all challenges and eventually lead to commercial property’s industry strong growth.
This is a perfect channel for the pool of market players, such as buyers, sellers, agents, lawyers, valuers, developers and bankers. Estate123.com provides information easily, just a click away. Information on commercial property is automatically computed based on input from sellers and visitors. Latest news of the sector, REITs performance listed in Bursa Saham Kuala Lumpur are also available. Information on the reputation or popularity of agents, lawyers, valuers, developers, classified or even bankers are made available. Moreover, individual rating and comments are made available as it is an important tool to drive towards a more transparent and professional trading of a commercial property.
“If you want to buy or sell a property, you can find a qualified agent to assist you based on the comments and ratings from others. You are not alone anymore in this market place.” – Irene Tin, Marketing of Estate123.com.
Besides, it is also a virtual office place for agents, lawyers, valuers, bankers and developers where it includes mailbox service, alert service and even SMS notification.
For the first phase, estate123.com will mainly focus on Malaysia property market in Klang Valley, and it will be gradually expanded to include Singapore, Hong Kong, Jakarta, Bangkok, Shanghai, Sydney and Ho Chi Ming city. Mainly focused into cities where commercial properties are hungry for a market place. “To own or invest a property now is just one click away, it is no longer a thousand miles apart“, Irene Tin, Marketing of Estate123.com.
