left to right: Datuk Ng Seing Liong, NK Tong
REHDA (Real Estate and Housing Developers’ Association) Malaysia recently announced that the final MAPEX (Malaysia Property Expo) for 2011 will be held from 21st to 23rd October 2011 at the Mid Valley Exhibition Centre. The exposition, themed Own Your Home, Own Your Future will be launched by Yang Berhormat Dato’ Wira Chor Chee Heung, the Minister of Housing and Local Government.
At the press conference, Datuk Ng Seing Liong JP, Immediate Past President of REHDA, shared REHDA’s plans to expand MAPEX to international companies in 2012 to facilitate more foreign investments into the country as well as to cater to the discerning local buyers who are looking at other countries for real estate investment opportunities.
NK Tong, REHDA Wilayah Persekutuan Branch Chairman, shared the meaning behind Own Your Home, Own Your Future, where in times of market volatility, the value of real estate has always been relatively stable. Therefore, MAPEX is always here to present the consumers with a vast array of real estate products and facilities so that they can own a home and their future at the same time, even in times of uncertainty.
Datuk Ng added that he hopes that the upcoming Budget 2012 will not raise the Real Property Gains Tax as it will affect homebuyers adversely. This can be a chain effect causing decreased revenue for development industry which feeds more than a hundred upstream and downstream industries.
Tong also stressed that REHDA wishes for a Budget with more consistent policies to encourage a more stable market so that the developers can continue to contribute quality and affordable housing for the Malaysian population, to cater to the future housing demand of at least one million homes for the expected six to ten million increase of population in the next few years.
The upcoming MAPEX will cater to homebuyers who wish to own homes not only in the Klang Valley but also more affordable homes in the other states in Malaysia. The exposition will host over 50 developers showcasing more than 100 housing developments spread over Selangor, Kuala Lumpur, Johor, Melaka, Negeri Sembilan, Pahang and Perak. Financial institutions representatives will also be on hand to give talks and assist homebuyers with the process of owning a home and various home loan options to suit different needs.
To experience the pleasure of MAPEX Own Your Home, Own Your Future by REHDA Malaysia, do come by to Mid Valley Exhibition Centre from 21st to 23rd October 2011.