Rehda expects Mapex 2024 to exceed RM30mil in sales value

Ministry of Natural Resources and Environmental Sustainability secretary-general Datuk Dr Ching Thoo Kim - FB

KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is targeting a sales value of more than RM30 million at the three-day Malaysia Property Exposition (MAPEX) 2024.

Rehda vice-president Datuk Chan Kin Meng said the target was set due to sales of RM30 million raked in over the weekend during the previous MAPEX.

"The expo remains relevant as a one-stop centre for homebuyers to compare prices and attractive offers since its inception in 1998,” he said when met after launching MAPEX 2024 here today.

Rehda will be showcasing 10,000 properties this year worth approximately RM9 billion at MAPEX 2024 in collaboration with Rehda Selangor and Rehda Federal Territory.

Chan said the properties to be showcased are priced from around RM300,000 to over RM1 million and are located around the Klang Valley including Kuala Lumpur, Selangor, Cyberjaya, Putrajaya, and Negeri Sembilan.

He added that the housing expo will also feature a "Green Section” to display iconic projects awarded green certification by GreenRE Sdn Bhd to raise public awareness of green and environmentally friendly property developments.

Meanwhile, the Ministry of Natural Resources and Environmental Sustainability secretary-general Datuk Dr Ching Thoo Kim said the government has introduced the Green Technology Financing Scheme (GTFS) 4.0 with a fund of up to RM1 billion as a financing facility for developers to implement green projects.

In his speech, he said the scheme is open for applications until Dec 31, 2025, and offers government guarantees of up to 60 per cent on green technology costs, as well as an interest or profit rebate of 1.5 per cent per annum for the first five years.

"Among the improvements introduced through GTFS 4.0 is the expansion of the financing categories to developers building affordable green housing and charge point operators (CPO) for electric vehicle charging infrastructure.

"The government still opens this scheme to green technology producers and users, as well as energy service companies implementing energy efficiency projects,” he said. - Bernama

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Rehda , Mapex , property , housing


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