Expo showcasing RM5bil worth of properties

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Wednesday March 14, 2007

Expo showcasing RM5bil worth of properties

PROPERTIES worth more than RM5bil are up for sale at the three-day Penang International Property Expo 2007, which will kick off at the Penang International Sports Arena (PISA) this Friday.

The event has attracted more than 50 developers, banks and real estate agents from as far as Kuala Lumpur and Hong Kong.

Organised by PIP Creation Sdn Bhd, the event is supported by the State Government with the cooperation of Penevents and Raine & Horne International.

Organising committee deputy chairman Wong Mun Hoe said lucky draws would be held every two hours throughout the expo with five lucky visitors getting RM100 each during each draw.

“Visitors need to drop their calling cards and they must be present when the organiser calls out the names of the lucky winners every two hours,” he said.

Organising committee:(From left)Penevents Sdn Bhd CEO Ong Ban Seang,Wong and property consultant Michael Geh from Raine & Horne at the press conference.
Speaking at a press conference recently , Wong, who is Pantai Jere-jak assemblyman, said 30,000 people were expected to visit the fair during the three days.

He said the State Housing De-partment would set up a booth for the public to check the status of their applications for low and low-medium cost houses.

“About 20,000 people turned up during the exhibition last year where more than RM200mil worth of properties were sold out of some RM3bil worth of properties showcased.

“We expect foreign buyers or their agents to visit the expo this year as well as local investors and house buyers,” he added.

Wong said two symposiums on Malaysia My Second Home (MM2H) Programme and Housing and Com-mon Property Maintenance would also be held.

The organiser is charging RM200 each for the MM2H symposium and RM100 for the Housing and Common Property Maintenance.

He said visits to MM2H project sites would be held for foreign buyers or their agents.

Wong said there would also be free public talks on various issues relating to housing and home ownership as well as feng shui.

Chief Minister Tan Sri Dr Koh Tsu Koon will launch the expo at 11am on Friday. The expo opens from 11am to 8pm until March 18.


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