PropertyGuru Malaysia hosted its first ever Property Showcase in Penang, Malaysia. The company reported that, RM14.2 million sales were achieved during the two days, with several developers hitting double digit numbers of units sold.
Jason Thoe, Acting Country Manager of PropertyGuru Malaysia said, "Kuala Lumpur, RM21 million worth of sales was recorded and a total of 1672 individuals visited the PropertyGuru Property Showcase 2012 within a period of three days."
Held in a two-part series with the first event at the Eastern and Oriental Hotel, Penang (20th – 21st October) followed by at Gardens Hotel Ballroom, Kuala Lumpur (26th – 28th October), the company claims its online property portal’s first Malaysian showcase has been well received.
PropertyGuru believes the success can be due to the nature of the Property Showcase which focuses on a select group of property developers which are able to give high return on investment (ROI). The PropertyGuru Property Showcase 2012 appears to be supported by property developers as well as other industry players / segments including banks, which can contribute to its popularity.
Among the participants were realty firm SK Brothers, Hartamas, Kim Realty, Montpelier as well as UEM Land, NAZA TTDI, Country Heights, Tambun Indah, Haven, Plenitude Berhad, The Andaman Group, Seri Pajam, OCR and foreign developers, Country Garden (China), Salvo (Australia) and Redrow Homes Limited (UK).
Amongst the attraction at the Property Showcase was the Ask Guru Lounge where experts/ ‘Gurus’ such as: Ho Chin Soon (renowned map maker), Chris Tan, (leading legal expert on property matters), Heidrun Dörner (interior designer) as well as representatives from CIMB Bank, Mastery Asia (investment specialist) provided complimentary expert advice on market trends, legal matters, interior design ideas and property investment tips.
“It’s a lot more personalised and insightful, which we believe is important. As property prices appreciate and the market grows in complexity, buyers correspondingly need more information and market intelligence to make better decisions when purchasing property, whether for investment or for their own stay,” added Thoe.
Opening Ceremony of PropertyGuru Malaysia Showcase 2012