PropSocial.my – An Innovative Crowdsourcing Property Platform with REAL COMMUNITY REVIEWS & INSIGHTS

Well, there is this humorous saying that buying a home is unlike buying some vegetables from the wet market. To first time home buyers, it’s a major decision to make in life, and an important learning process. To property investors, making a sound decision ensures easy management (including renting out and fetching good rental) of the property, and of course most importantly, profit making when he/she sells off the property in the future.

Thus the decision making process is of utmost important! And no doubt, to make a well informed decision, honest reviews and insightful comments on properties are highly sought after. But whose reviews should a buyer/investor listen to?

The property owner who you’re about to buy from? “Nah, they just wanna sell off his property as soon as possible.” The developer? “Nah, I want to hear from a third party (other home buyers or investors like myself).”

And this is where PropSocial comes to the rescue. A famous crowdsourcing property platform in Malaysia that provides practical, useful and REAL COMMUNITY REVIEWS & INSIGHTS (which mean not only positive comments, but also the downside of the property if there is any) into countless new and pre-owned properties in Malaysia in duo languages, namely English and Chinese, PropSocial solves the many issues faced by most home buyers, including property investors.

Yet, the intelligent and practical tools and features provided by PropSocial are not limited to the aforementioned. While Roomz Asia (http://roomz.asia) focuses on the rental of rooms instead of the whole property to enable house owners to earn a higher monthly rental, PropSocial is dedicated to smart home buyers who understand the importance of doing thorough research before making up their mind on any purchase of property.

Among the highly useful features of PropSocial include:

1) News Feed

The News Feed feature in PropSocial allows users to ‘follow’ their preferred

neighbourhood to receive instant updates on their News Feed section. The updates consist of properties for sale or rent, property ratings and reviews, and discussion topics on the chosen neighbourhood which the user ‘follow’-ed. PropSocial is the first of the Malaysian property portals to have this feature, which will add to the stickiness of the platform.

2) Neighbourhood & Property Info

PropSocial provides quick and comprehensive information about a neighbourhood or property at a glance in infographic style to make it easy on the user’s eyes. The information is inclusive of the designated number of parking lots per unit, maintenance fees, pet friendliness, total number of floors and many more.

3) Discussion

PropSocial’s Discussion board is a community feature which bridges the divide

between buyers and sellers, as well as provide users with a venue to let their voices be heard. Users will further be able to get free advice from experienced property investors or agents on the Discussion board. The Discussion board is designed to be user-friendly for all ages, coming in both English and Chinese modes.

Check out PropSocial’s Discussion board at http://www.propsocial.my/discussions

The PropSocial Editorial team frequently contributes articles on the latest breaking news related to property, fun stories for leisure reading and informative articles to educate our readers; all of which are also shared through our social media channels. These articles are available in both English and Chinese, in the near future in Malay too.

4) Rate & Review

The PropSocial’s ‘Rate & Review’ feature is the ‘Tripadvisor’ for properties, allowing for open and honest ratings of properties, neighbourhoods and agents. Each rating and review is verified before going live to prevent spam and abuse.

This feature was built to help serious buyers obtain non-biased, honest insights and comments regarding a property or neighbourhood, before deciding on buying the property. For instance, buyers maybe able to find out if there was a crime recently reported in the area, whether the property is haunted or even whether it has neighbour problems!

5) Intelligent Search Tool

The ‘Search’ feature is the most important element of any website and the first thing you will see when log into PropSocial’s website. During the search process,

PropSocial provides the easiest possible way to match the user’s criteria and requirements as accurately as possible, so that it reduces their research time.

Here are some of our current search filters:

i) Location / Propertyii) Category

ii) Category

iii) Price rangeiv) Size range

iv) Size range

v) New development or Sub-sale

vi) Main concern: Cleanliness, Safety, Quietness & Cleanliness

vii) Undervalued / Overvalued properties

viii) Nearby properties based on selected LRT Station

ix) No. of Bedrooms & Bathroomsx) Pet-friendliness, Parking & other facilities

x) Pet-friendliness, Parking & other facilities

6) Classified Ads Ranking / Score System

Sick and tired of screening through a long list of fake classified ad listings on property websites which is a waste of your time? This is one of the most common problems faced by property buyers today. PropSocial team has fine tuned the whole ecosystem and resolved the challenges you are facing.

PropSocial’s classified ads are ranked based on score system and algorithm by taking into account the agent’s quality of services (rated by property buyers) and the quality of their ads. The ranking algorithm is based on multiple criteria.

PropSocial’s system will also be able to detect duplicated ads and the ranking will be penalised. It is no longer solely based on classified ads’ date posted. Moreover, users can report spam ads when they come across one. This will help to eliminate dud agents and help buyers get quality listings.

What are the criteria that determine the ranking of the classified ads?

a) Quality of Listings

  • Number of photos provided
  • Accurate property description
  • Accurate details
  • Add units (Multiple units being added to the same property within the sameclassified ads. This is to encourage agents to use this function instead of creating duplicate ads.)

b) Agent Ranking

  • User ratings on agent
  • Completion of agent profile info
  • Verified mobile number
  • Total number of agent listings
  • Report status of unit when it has been sold

c) Quality contribution post through reviews or discussions.

To ensure you make the most well informed buying/renting decisions, we recommend you to make the most out of the great features of PropSocial at http://www.propsocial.my