FIABCI expects 200 participants at KL seminar

INTERNATIONAL Real Estate Federation (FIABCI) Malaysian chapter expects 200 participants to its one-day seminar on Smart Investment in Property to be held in Kuala Lumpur on March 1. 

FIABCI Malaysia vice-president and also the seminar organising chairman, Datuk Tee Thiong Hock, said: “We are targeting the public, particularly first time home purchasers, to educate them on how to make wise property investments.” 

He said property investment could still be regarded as one of the soundest investments, provided that one knows how to invest smartly. 

The seminar is geared towards helping investors make smart decisions in property investment and learn how to convince clients (for those involved in the real estate investment) to invest and benefit from property investments. 

He added that participants could look forward to gaining in-depth market knowledge from high profile speakers such as Raine & Horne International Zaki and Partners Sdn Bhd partner and a Fellow of the Institution of Surveyors Malaysia Michael Geh, mortgage specialist Edge Advisory Sdn Bhd founder Garen Ooi, financial planning advisor Great Leap (M) Sdn Bhd director Chua Lian Chooi, Malaysian Association of Chartered Financial Consultant president Dr Jeffrey Chiew, Ho Chin Soon Research Sdn Bhd director Ho Chin Soon and Henry Butcher Lim & Long Sdn Bhd director of research and consultancy, Fahariah Wahab. 

Geh, for example, will cover financial planning and strategies in real estate investment; Ooi will provide useful tips in securing property loan packages and ways to make money out of it, while Chua would touch on taxation and financial planning in real property transactions to reduce cost and maximise profit. 

Meanwhile, FIABCI Malaysia president Kumar Tharmalingam said property investors must be equipped with in-depth knowledge in view of the challenging times ahead in the property market.  

He said issues such as the recent government crackdown on illegal labour, new housing rules and regulations and higher inflation rates would translate into higher construction cost of developing houses. 

“The increasing construction cost may not match sales from property developers therefore they might resort to selling at higher prices. I believe the era of cheap housing (depending on location) will not last long, given these scenarios,” he added. 

Kumar said first time house buyers must, therefore, quickly take advantage of the current low interest, price and oversupply situation to buy properties in good locations.  

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