Melting pot for premier homes
BACK by popular demand, the most comprehensive exhibition of residential and commercial developments in Malaysia — Star Property.my Fair by Star Media Group — is here once again!
The four-day event, which is into its third round for the northern region this year, will be held at Queensbay Mall in Penang, from tomorrow to Sunday, between 10.30am and 10.30pm daily, with free admission.
The premier property showcase has drawn overwhelming response from developers with all of the booths located at the Centre Atrium and Lower Ground Floor fully occupied.
The fair has been a resounding success year in, year out because ‘exhibiting is the only real social media that exists!’
Here is the ideal platform to get latest market information; view the extensive selections from around the country under one roof, and secure your dream property.
The choice properties, ranging from luxurious landed to high-rise residences, integrated townships, retail and office spaces, and affordable homes by well-known developers beckon with their enticing price tags just for the event.
Visitors will have a field day checking out all the developments while enjoying fantastic rebates and promotional packages.
The one-stop extravaganza will see the participation of 20 exhibitors featuring a multitude of properties, property related products and services as well as other alternative investment opportunities.
Key property players include Asia Green Group, Mah Sing Group, SP Setia Penang, GIC Group, Aspen Group, EcoWorld, Pearl Ocean, Ewein Zenith, Property Talk Sdn Bhd, Hatten Land and Bertam Properties Sdn Bhd.
Also lending their support are GSD Land, Airmas Group of Companies, Palmex Industries Sdn Bhd, Hunza Properties Berhad, Aroma Development Sdn Bhd, Bionic Land Berhad and BTK Land Sdn Bhd.
East West One Marketing Sdn Bhd is featuring its lucrative oil palm investment schemes —East West One Planter’s Scheme (EWOPS) and East West Horizon Planter’s Scheme (EWHPS) — both offering promising returns over an investment period of eight years.
United Overseas Bank (M) Bhd has also come in to offer its attractive and flexible financial packages to help home buyers.
Now is a good time to invest in properties following the reintroduction of the Sales and Service Tax (SST) to replace the Goods and Services Tax (GST).
Construction services and building materials are exempted from SST, a move by the Federal Government to ease the pressure on prices of houses as well as industrial and commercial buildings in addressing the issues of property affordability in Malaysia.
The SST exemption was aimed at reducing costs for developers in the hope that those savings would be passed on to buyers.
Finance Minister Lim Guan Eng had asked developers to reduce house prices on a national level to make houses more affordable, failing which the SST on construction services will be reimposed.
According to Savills, a pick-up in property investments can be expected in the fourth quarter of the year as investors start to have better visibility of the market following changes undertaken by the new administration.
Over the longer term, this gradual clarity is also anticipated to attract more foreign investments into the local property market, which is one of the objectives of the government.
The prospects of appreciation in the ringgit and strong economic growth will now make Malaysia an outstanding regional investment opportunity.
In the meantime, key policy changes such as the recent easing of housing loan requirements by Bank Negara should serve to improve buyer sentiment.
Malaysian Institute of Estate Agents (MIEA) envisaged that the market will continue experiencing “confidence-gaining growth” as fundamentals improve under the new government.
Property consultancy firm Knight Frank Malaysia said the property market experienced a positive recovery during the first half of this year following the strong growth momentum after the 14th General Election.
Potential buyers and investors had switched from their ‘wait-andsee’ approach and are now genuinely seeking good bargains in the market. This trend will reduce the chances of a sharp correction in the residential property market and ease the over supply situation.
Developers are also restrategising their products to cater to demand with their focus shifting to more affordable housing. Projects in good locations as well as those near public transport hubs will receive good response.
Whilst the market may be perceived to be soft, capital values for properties in high demand areas and segment continue to defy gravity with developments which fulfil certain lifestyle needs enjoying prolonged growth.
Six major developers had lined up RM6bil worth of projects nationwide. The focus is on developing more affordable products for the mass market, which is supported by Malaysia’s young demographic and growing population.
They are optimistic enough to offer fresh housing schemes this year, citing the growth in gross domestic product (GDP), strengthening ringgit, rising oil prices, and the growing number of young people who have yet to own a property.
In Penang, there is growing demand for serviced apartments as the younger generation look to generating a monthly rental income with their properties.
Spin & Win
Another exciting component of the fair is of course the not to be missed Spin & Win Contest offering fabulous prizes worth more than RM50,000, including the grand prize of a Samsung Galaxy S9.
Every participant is guaranteed to take something home with the abundance of other great prizes such as branded pens, beauty products, hotel stay, F&B and shopping vouchers.
Simply proceed to The Star’s contest booth located at the Centre Atrium, buy a copy of The Star, cut out the contest coupon for the corresponding date, fill in your personal particulars, answer a simple question correctly and redeem it for a spin on the wheel.
Only original entry forms are accepted and one form qualifies for one spin.
There will also be the Special Draw sessions at 8pm daily and the Grand Draw at 8pm on Sunday.
To take part in the former, participants are required to obtain two stamps by successfully spinning for two ‘Stars’ at the contest booth. Three lucky winners from the Special Draw per day will then be selected to be in the running for the Grand Draw featuring the Samsung Galaxy S9.
Visitors who sign up for properties during the fair will get 10 chances to spin at the wheel while
The Star readers who sign up or renew their ePaper bundle subscriptions will get 10 and five free spins respectively.
New subscriptions are at RM490 per year while renewals are at RM300. Alternatively, get three spins with the one-year standalone ePaper subscription/renewal at RM180.
For more information, kindly contact 04-6473388 or 04-6473399.