GEORGE TOWN: The Star Property Fair 2014 kicked off here with a total of 39 exhibitors offering a striking display of choices, ranging from landed homes to commercial high rises.
The fair, which will run until Sunday, was launched by Chief Minister Lim Guan Eng.
In his speech, Lim said business sentiment remained positive in Penang, with many workers in the manufacturing industry forced to do overtime.
“This positive sentiment is also reflected in soaring business at our Ramadan bazaars, which have attracted customers from outside of Penang,” he said.
He also called on Bank Negara to bring back the developer interest-bearing scheme for first-time buyers purchasing property priced below RM400,000 to compensate the effects of the recent increase in interest rate by 0.25% to 3.25%.
Also present at the launch were Star Publications (M) Bhd executive director Tan Sri Kamal Hashim and senior regional manager (operations) David Yeoh.
Kamal said the event offered developers the perfect platform to showcase their latest projects.
Organised by Star Publications with Zeon Properties as the event partner, the fair is held at G Hotel and the adjoining Gurney Plaza.