Scientex leverages EdgeProp EPIQ for data-driven land acquisition in Malaysia

• By leveraging EPIQ's data mapping, Scientex has achieved a 100% digitised workflow, streamlining decision-making and accelerating project timelines.

KUALA LUMPUR (March 8): Property developer, Scientex Bhd, is revolutionising its land acquisition process with the help of EdgeProp EPIQ, a comprehensive property data and market research tool. By leveraging EPIQ's data mapping, Scientex has achieved a 100% digitised workflow, streamlining decision-making and accelerating project timelines.

EPIQ: Empowering market research for developers

Traditionally, market research for land acquisition involved gathering data from various sources and manually compiling reports. EPIQ eliminates this time-consuming process by integrating millions of data points into a single platform:

• Centralised data repository: Access land and property information, project insights, market updates, proposed and ongoing projects, environmental assessments, and infrastructure details – all in one place.
• Data visualisation: Gain valuable insights through interactive mapping, charts and graphs, enabling easier data analysis and identification of trends.
• Live market updates: Stay informed on market activities and property news.

Scientex lauds EPIQ's impact on land acquisition

Land acquisition requires careful consideration and meticulous planning to identify the value and desirability of a place, on top of identifying upward trends and opportunities in the area for development.

Scientex highlights the significant benefits they have experienced with EPIQ.

"The data quality is good," said Scientex COO of property division, Datuk Alex Khaw. "By taking advantage of EPIQ's data sources, tools, data analysis and visualisation, as well as our team's data feedback, we managed to simplify our workflow and achieve 100% digitisation.”

Scientex acquires land in Bestari Jaya

Scientex's commitment to data-driven decision-making has yielded tangible results.

"We are pleased to announce that we have successfully acquired an 826-acre parcel of freehold land in Bestari Jaya, Kuala Selangor, as a result of the shorter research time facilitated by EPIQ,” said Khaw.

EdgeProp managing director Alvin Ong added that the speed of decision making is crucial for developers to stay ahead of competition.

“We are pleased to collaborate with Scientex’s team on their land acquisition journey. EPIQ’s user-friendly interface and comprehensive data sets facilitated a seamless research experience,” said Ong.

Researchers using EPIQ for market research can capitalise on the accurate topography, property appreciation trends, and analysing other future developments in the area for competitive analysis.

“By embracing data-driven strategies, we hope more developers are able to capitalise on our insights to make informed choices quickly,” said Ong.

The land acquisition aligns with Scientex’s mission to provide more affordable housing options, contributing to their goal of 50,000 units by 2028.

Are you a Real Estate Negotiator (REN)? Enhance your expertise with EdgeProp EPIQ and leverage data-driven insights to create compelling proposals for your clients.