Facility Listings, Locations Database, and New Listing Update
By Nicole
• 3 weeks ago Facility Listings, Locations Database, and New Listing Creation Flow Update
What changes are being made to location accuracy?We are improving the accuracy of our location data by updating city classifications and introducing the concept of a township for better precision in listings.
What is the facility list consolidation about?
Facility lists will be consolidated and made more intuitive. For example, 'Laundry' will now be listed as 'Launderette,' and 'Retail stores' will be categorized as 'Mini-mart.'
How will city and state information be updated?
Some locations will be renamed, recategorized, or merged. For instance, 'Jelebu' will be renamed and reclassified as a township, now called 'Taman Jelebu.'
Are there updates to the projects and locations database?
Yes, we are updating the database with new projects and location details across Malaysia to ensure it reflects the latest developments on iProperty. Our updates are based on reliable sources such as Brickz (https://www.brickz.my/) and the Geo Portal (https://www.mygeoportal.gov.my/) for comprehensive and up-to-date property and location information. This allows us to provide the most accurate data for your listings.
What is the reason for revamping the listing creation flow?
We are revamping the listing creation process to make it more efficient, which will change how you create property listings.
Will there be any impact on Area/Condo Specialists?
Specialist slots will be automatically updated based on the new city classifications.
How will these changes affect other property listings?
Location data and facility lists will be updated automatically. If a location cannot be identified, a warning/error will appear, allowing for a one-time edit. Otherwise, the listing will remain unchanged until it expires, but reposting will not be possible.
Will there be any impact on Market Analytics?
Yes, Market Analytics will be temporarily disabled from 28 October 2024 to 8 January 2025 for updates with the latest location data.
Why is iProperty introducing Dynamic Pricing for new listings?
Being your trusted business partner, we are committed to creating a quality and trusted marketplace that matches agents’ listings to verified property seekers looking for authentic, relevant, and accurate listings. Dynamic Pricing creates a healthy and efficient property marketplace by discouraging fake, duplicate and poor-quality listings, thus ensuring authentic and quality listings can be matched to property seekers effectively.
Is this change necessary? What has iProperty done to improve the quality of listings on your platforms?
We’ve launched the Know-Your-Customer initiative (Gating of Enquiries) to ensure agents can be matched to verified, genuine and high-intent consumer leads. With our product commitments and Dynamic Pricing, we aim to increase the efficiency and quality in matching agents’ listings to property seekers, benefiting both agents and consumers.
New Listings Update When will Dynamic Pricing for new listings take effect?
Effective 28 October 2024, we will be introducing Dynamic Pricing to all new listings posted on iProperty.com.my. Dynamic Pricing calculates the amount of Listing Credits required, based on market demand and listing supply. Rest assured that the amount of Listing Credits will be displayed before you post your listings.
What is the change in Listing Credits required for new listings/Cross-Listings?
Please see below for the change from 28 October 2024:
| New listings posted on iProperty.com.my | |
| On & before 27 October 2024 | From 28 October 2024 onwards |
| • 1 Listing Credit per new listing• 1 Listing Credit on iProperty PRO and 1 – 10 Ad Credits per Cross-Listing | • Dynamic Pricing – calculates the amount of Listing Credits required, based on market demand and listing supply .• The amount of Listing Credits will be displayed before you post your listings |
Does this change apply to all iProperty account subscribers?
Yes, this change applies to all account subscribers who post new listings on iProperty.com.my.
Would there be such a similar change in the future? If so, how often?
As part of our ongoing commitment to provide agents with greater value, and to continuously evolve our platform to meet the ever-changing market sentiments and consumer demand, we regularly review our products, services, and offerings. Rest assured that you will be notified of any change before implementation.
