Datuk Ng Seing Liong, MAPEX organizing chairman and REHDA immediate past president.
The Real Estate and Housing Developers’ Association Malaysia (REHDA) is aiming to make the Malaysia Property Exposition 2012 (MAPEX) an international real estate event.
Themed “Home and Abroad”, MAPEX will be held from 19 October to 21 October 2012 at the Mid Valley Exhibition Centre, Kuala Lumpur. It will feature the finest selection of top properties and developers in Malaysia and abroad.
“We want to bring in international exhibitors to showcase their products, making Malaysia a place where investors and property buyers can convene and shop for international developments without the hassle of travelling to that country,” said Datuk Ng Seing Liong, MAPEX organizing chairman and REHDA immediate past president.
He said that REHDA is working closely with MIPIM Asia, the organizers of international real estate exhibitions to promote MAPEX as an international event. In March 2012, MAPEX opened its doors to foreign property developers from around the world for the first time and continues to lead the way by doing the same this time.
“MAPEX is the one of the largest property expos in Malaysia. It does not only feature developers from the Klang Valley but also financiers, legal experts and consultants from across the country. The public does not necessarily have to buy a property but also can come to gain knowledge and know more about the current property scene,” adds Datuk Ng.
While not confirmed, REHDA anticipates at least RM500 million worth of properties to be on sale at the upcoming MAPEX based on the numbers from previous expos.
“To date more than 50 developers have registered with about 65% or 150 booths out of 227 have been taken up. These include SP Setia Bhd, Sime Darby Property Bhd, PKNS, I&P Group Sdn Bhd and Sunway Integrated Properties.”
Commenting on the property market for 2012, Datuk Ng said that the first half of the year saw a stable market. However, he predicts the second half to be slightly pessimistic and on the downtrend due to global economic factors.