Mapex expected to ring in RM300m sales

PETALING JAYA: Real Estate and Housing Developers' Association Malaysia (Rehda) is upbeat that the Malaysia Property Exposition (Mapex) next month will generate some RM300 million in new property sales.

According to Mapex organising committee chairman and Rehda immediate past president, Datuk Ng Seing Liong, the value of the properties on display will top RM20 billion.

"We are quite bullish on Mapex as more people are coming out to buy their first property. We are also expecting a large number of owner occupiers to come forth," Ng said at a media briefing on Mapex recently.

Mapex, which will be held at the Mid Valley Exhibition Centre from October 25 to 27, will showcase over 20,000 properties from 90 property developers.

The developers include NazaTTDI, Bina Puri Properties, Glomac, I&P Group, IJM Land, IOI Properties, PKNS, Tropicana Corporation, Bandar Utama Development, MKH and new player, Eco World Development.

There will be 242 exhibition booths displaying properties priced between RM270,000 and RM5 million, located in Kuala Lumpur, Selangor, Johor, Malacca, Negeri Sembilan, Pahang and Sarawak.

SP Setia Bhd and Salvo Property Group will also showcase their respective developments in London and Australia.

Ng said that Mapex is a good platform to shop for properties as buyers will get first-hand information about the developers, their respective projects and location, and yield comparison.

Key players in the industry will be there to offer useful tips on making sound property investments.

There will also be services and advice offered by banks such as Citibank Bhd, Standard Chartered Bank and Bank Islam Malaysia Bhd, as well as government agencies.

"I encourage those who have not purchased their first property to look at Mapex. Your home is, at the end of the day, your investment," said Ng.

Mapex will open its doors from 10am to 9pm daily and admission is free.

Business Times