Demand remains high for Malaysian property

Contributor April 26, 2018

Malaysia Property Show Apr 2018

There was keen interest for the first landed luxury prefabricated development in Sunway Iskandar at PropertyGuru’s recent Malaysia Property Show.

By Mindy Chong

More than 300 local and overseas property investors visited PropertyGuru’s Malaysia Property Show held on 14 and 15 April at The St. Regis Singapore.

With the news on Budget 2018 and signs of a market correction in Malaysia, the event attracted attendees looking for the latest updates from industry experts.

More: Works To Begin Next Year On Singapore End Of High Speed Rail

Arvind, an attendee, shared that the seminar was very informative as the speakers shared insights on how the Kuala Lumpur-Singapore High Speed Rail (HSR)and Malaysia-Singapore Rapid Transit System (RTS) may impact Malaysia’s property market.

The seminar began with a presentation on flagship projects to look out for such as Tun Razak Exchange, Bukit Bintang City Centre and Bandar Malaysia by Amy Wong, head of research & consultancy at Savills Malaysia. She noted that the outlook for Malaysia remains good with the “One Belt, One Road” initiative.

Other topics included the legal framework on strata-titled properties, the development of Japan’s first pre-fabricated homes in Sunway Iskandar, and a Q&A session on how to finance your property purchase. Attendees also got to ask experts about the prospects for Iskandar properties, and on hot topics such as blockchain, cryptocurrencies and market evolvement during the panel discussion.

Daiwa Sunway Development, Fuyuu Ventures, Goldmart, Horizon Hills Development, Matrix Concepts Holdings, Sunway Iskandar and Sime Darby Brunsfield Resort were among the exhibitors.

Jason Loke, sales & marketing manager of Matrix Concepts Holdings, said upcoming projects such as the HSR and MRT connectivity will bring Malaysia’s property sector to the next level.

Darvin Kurniawan, co-founder of REIDAO, said that property prices in Malaysia are more affordable compared to other countries in the region and the market remains relatively bullish.

“We have different ownership policies for foreigners purchasing properties in different states. The Malaysia Property Show helps people gain a better understanding of each market and make informed buying decisions,” said Kit Au-Yong, a registered valuer, estate agent, property manager and auctioneer at Laurelcap.

The Malaysia Property Show is one of PropertyGuru’s flagship events started seven years ago. Attendees also got to enjoy free wine tasting and light refreshments, and walked away with complimentary door gifts.

If you missed the show, please watch our video at bit.do/mpsapril2018videos. The next Malaysia Property Show takes place on 8 and 9 September. Visit www.pgevents.propertyguru.com.sg/ for more details.

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