Page 138 - Special Topic Session (STS) - Volume 3

STS523 Shazura Z. A. et al.
contributes to a balanced as well as sustainable economic growth and
development.
Notwithstanding the various benefits of leveraging on JPN administrative
records to obtain unique identifier to enhance CCRIS and FIS reporting, there
are also risks involved in the compilation and usage of these records. As these
data are highly confidential and comprise personalised data, it is of utmost
importance to manage and safeguard the confidentiality and integrity of the
data being compiled and disseminated by providing adequate control, access
and protection. This is to prevent misuse of information for fraudulent
activities, phishing, identity theft as well as for marketing purposes.

2.1 Property Data
2.2.1 The Use of National Property Information Centre (NAPIC) Data
The Bank has been aggressively pursuing to source administrative data
from various agencies/institutions, including property data from NAPIC.
NAPIC is a property centre to monitor the growth of the property market in
the country, where it was established at the insistence of the National
Economic Action Committee (MTEN). NAPIC is responsible to collect property
demand and supply data from various parties, develop and maintain a national
property stock warehouse, provide accurate, comprehensive and timely
information to government agencies and all other parties involved in the
property industry as well as advice the government on property development
in the country. The data compiled by NAPIC enables consumers, developers
and regulators to make better analysis for informed decisions in property-
related transaction, business strategy and policy formulation.
In view of its advantages, the Bank has established data sharing
arrangement with NAPIC since 2014, which comprises aggregated data on
property market, such as Malaysia House Price Index, average house prices,
property transactions by state, price range and sub-sector, newly launched
residential, overhang property by type and state, existing supply of hotel
rooms by star rating and number of hotel by number of rooms. In early 2017,
the Bank has further reviewed the existing data shared by NAPIC and
requested to obtain additional data due to the increased demand from the
Bank to analyse more detailed information related to the property transaction,
to enable better usage, analysis, surveillance and research on housing. Upon
further engagement and deliberation, NAPIC has agreed to share with the
Bank granular data on housing, mainly data on property transactions,
inventory, market status and new launches, where the first batch of additional
data was received in December 2017.
The data sourced from NAPIC has facilitated the production of report for
internal analysis and publication in the Bank’s website. Besides, NAPIC data
enables analyses from various perspectives of the property market to gain

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