Chance for property expo visitors to do their bit for flood victims

IN light of the recent flood catastrophe in the east coast, a charity auction and donation drive will be held at the Penang International Property Expo (PIP) 2015 to help the flood victims.

The auction will take place on the expo’s third and final day this Sunday for an hour from 5pm at the Subterranean Penang International Convention and Exhibition Centre (SPICE) in Relau, Penang.

Pen Events Sdn Bhd managing director Ong Ban Seang said the Malaysian Association of Hotels Penang Chapter members would be contributing hotel vouchers, among others, for the auction.

“We also have the Rotary Club of Penang which will also contribute to the charity auction.”

He said a donation box for the public to chip in would be placed throughout the three-day expo beginning Friday.

“Our secretariat staff will also be going around asking for donations.

“The total funds collected from the public and charity auction will then, through (State Housing, Town and Country Planning Committee chairman) YB Jagdeep’s (Singh Deo) office, be sent to the flood victims,” added Ong.

He was speaking at a press conference to announce the inaugural Penang Property Summit 2015 which comprises the expo and the Penang International Property Conference 2015.

Jagdeep said the expo, which has 48 exhibition booths registered to date, would see a line-up of free public talks on all three days.

The property exhibition, to be held from 11am to 9pm daily, is also expected to see at least 30,000 visitors over the three days.

He said the state Housing Department would be present at the expo to take registrations for the state’s affordable housing.

He encouraged the public to come forward and take the opportunity to register for the affordable housing projects in Penang.

“Our name list for affordable housing applicants is growing. In the first eight months of last year, we saw about 4,000 to 5,000 applicants while there are 20,000 applicants each for the low-cost and low medium-cost housing,” he said.

The summit is organised by the Penang government in collaboration with Pen Events Sdn Bhd.

Jagdeep said the Penang International Property Conference 2015, themed ‘Managing Future Trends and Challenges’ would be held at SPICE on Friday and Saturday. There will be talks by more than120 invited participants to date comprising industry players and stakeholders from developers, banks and house buyers.

Jagdeep will deliver a welcoming address while Chief Minister Lim Guan Eng will open the conference and deliver a keynote address on the first day.

“This will be followed by a ‘CEO Roundtable Dialogue’ themed ‘Meeting Future Challenges in Penang Property Scene’ with our Chief Minister which will be moderated by The Edge Communications Sdn Bhd managing director Ho Kay Tat,” said Jagdeep.

There will also be a panel discussion on ‘Affordable Housing — Meeting Growing Demands’ which will be moderated by Jagdeep.

The second day of the conference will continue with talks and panel discussions including a talk on ‘The Malaysian Property Scene - Prospects and Challenges’ by Real Estate and Housing Developers’ Association (Rehda) Penang chairman Datuk Jerry Chan and ‘Directions of Penang Local Plan’ by state executive councillor Chow Kon Yeow.

International Real Estate Federation (Fiabci) Malaysia vice-president Michael Geh anticipated a “last-minute” purchase of new and secondary properties in the first quarter of the year to beat the GST implementation.

He said a lot of people who were ready to buy a new property, would buy before the imposition of the GST on April 1.

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