The Malaysian Institute of Estate Agents (MIEA) signed a Memorandum of Understanding (MoU) with Recon Oz Pty Ltd (Recon), an Australian media and online job portal, to establish a digital platform to provide up-to-date news on the Malaysian real estate landscape.
The platform, which is expected to be launched in the fourth quarter of 2018, will also provide real estate practitioners with agency best practices and employment opportunities.
At the signing, MEIA president Eric Lim said: "This is part of our bold vision to be relevant in the real estate market by enhancing our value proposition to our members. More importantly, real estate practitioners, especially our members, will now receive timely reports and news on the real estate market, as well as creating employment opportunities for real estate negotiators and agents."
"For MIEA, this is about creating an e-learning environment to provide timely and accurate content, and to promote the sharing of developments within the Malaysian real estate landscape," he added.
"We are not competing with current media portals, some of whom are our strategic partners. However, we want to take responsibility for educating the market and create a 'self-help' portal to attract budding or established real estate professionals," said Lim.
Lim said MIEA was excited to establish an exclusive real estate recruitment platform for the benefit of its members, adding that he believed this was a first for Malaysia.
"The real estate job market is big, and there is high demand. Our members will now be able to channel their resources through this platform to directly source for real estate talent. We see great potential in this effort," said Lim.
Real Estate Institute of Victoria president Richard Simpson, sitting in for Recon Oz Pty Ltd managing director Mark Williams, said: "The portal will be a snapshot of the real estate market in Malaysia, and will be invaluable to people who want to track what's going on in the country in terms of the real estate space."
MIEA chief executive officer K. Soma Sundram said: "The knowledge that will be present on the portal will come from industry practitioners, which lends it weight and authority, especially when they speak about the market."