Penangites cash in

MOST of the visitors who have purchased properties at The Star Property Fair 2012 are Penangites, who are attracted to property priced below RM1mil.

IJM Land Bhd senior manager (sales and marketing) Patsy Lee said the group had locked in RM12mil worth of sales for the first day.

Some RM7mil of sales were generated from the Vertiq, a condominium project in Metro East-Udini, and the condominium-cum-duplex loft -The Address in Bukit Jambul, while The Light collection III generated another RM5mil.

The selling price of Vertiq starts from RM700,000 onwards, while The Address in Bukit Jambul from RM900,000 onwards, and The Light Collection III starts from RM800,000 to RM3.5mil.

”Most of the buyers are attracted to projects that are priced below RM1mil,” he said.

Ivory Properties Group Bhd corporate communications manager Ann Tan said the group sold RM5mil worth of projects, comprising sales from The Latitude in Tanjung Tokong and The Wave in Penang Times Square, which are priced between RM600,000 and RM700,000.

SP Setia Bhd (Penang) sales and marketing manager Susie Loh said the group registered RM6.3mil in sales from the Setia Triangle in Sungai Ara and Setia V Residences project in Gurney Drive.

Ideal Property Development Sdn Bhd sales marketing manager Teh Yeow Jin said the group generated some RM2.5mil sales from its Fiera Vista condominium project in Sungai Ara, which were priced from RM500,000 onwards.

”We got about 300 people registering for our forthcoming project, Imperial One in Sungai Ara, which will be launched later,” he said. - The Star