Property portal targets Thailand owners

EXCLUSIVE: A new Southeast Asian property portal is targeting Thailand property owners, and has the aim of cutting real estate agents out of the buying process.

Indonesia-based Moolaku.com describes itself as a property portal where buyers can meet directly with property owners.

With no real estate agents allowed to list, its aim is offer property owners savings on their transaction costs by cutting the commissions they’d normally pay to agencies. In Thailand this can be between 1 percent and as much as five percent of the transacted price.

The website, which was formed last year, currently has properties for sale and rent in nine provinces throughout Indonesia.

A spokesperson for the company told www.thailandpropery.news that It is now accepting listings from other countries, including Thailand.

The spokesperson added that the website was developed based on the wishes of owners and buyers.

Owners list their properties for sale and interested buyers send enquires directly to the owner.

“Buyers will get accurate information about properties because it is directly from the owner,” the website says.

“Inaccurate information is very annoying to buyers.”

It also claims that property owners can offer better prices to buyers because owners do not pay commission.

Prices paid by property owners for property listings are currently listed in Indonesian rupiah, and proof of ownership of the property is required as part of the listing process for owners.

The website states it will market the property until sold.