Multiple Listing Service (MLS) and Index

Q.
How to come out with an Inter-Property Index?

A.
To collect information of all the property transacted over time requires a system of recording the information - data collection point.

This set of data would be stored in a system called 'Multiple Listing Service' - MLS. When a certain function is selected, the data will be calculated to give a general price value of the property similar to the type recently sold.

Take for example a premium condo with size of 1,000 sqf, 2 parking bays and fully furnished would be likely be RM600,000 in Kuching, around 2016-2017. Similar type of property in KK would be an addition of 20% premium, so likely be RM720,000, and KL RM840,000 (40% premium).

See posting at My-RealProperty2 on this subject of MLS.

Ref:
Own account.