KUCHING: Demand for housing in Sarawak still outpaces supply and remains strong despite the challenging economic sitiuation.
Sarawak Housing And Real Estate Developer Association (Sheda) council member John Yong Lock Ping said both commercial and residential development projects were progressing at a healthy pace, with many options to choose from.
“In addition, the presence of other property exhibitors coming into Sarawak is a sign that prospects in the state are still good,” said Yong during a press conference for the Sheda Property Expo at Borneo Convention Centre Kuching (BCCK) here.
His views were echoed by Sheda advisor Alex Ting who said there has been a slowdown in housing sales in Peninsular Malaysia which has prompted some developers to venture into the market here.
Ting said demand for residential properties, both landed and high-rise, has been increasing.
Sheda will be holding its 19th annual property expo from Sept 23 to 25 at BCCK. The expo is supported by the Housing Ministry and Construction Industry Development Board.
“Most of the exhibitors will be Sarawak-based and there will also be new developers,” said Yong who is also organising chairman for the expo.
About 90 major developers will be taking part and offering exclusive projects throughout Sarawak and the peninsula.
Other than property developers, building material manufacturers, suppliers, contractors, estate agents, bankers, furniture or automobile dealers, government agencies, non-governmental bodies and local councils will also be taking part.
The Sheda Property Expo Committee is also seeking new collaborations with interested parties from complementary industries which will benefit exhibitors and enhance the quality of the expo.
Yong said the expo was a great platform for developers to get their brand into the public domain and boost market presence for both current and future projects.
“We will assist exhibitors and buyers to promote the products. We will also have campaigns to draw visitors to the expo so that exhibitors can close more deals during the three-day event,” he said.
Developers interested in securing booths or organisations interested in collaborating with Sheda can call the secretariat at 082-365 001 or email firstname.lastname@example.org.
Meanwhile, Sheda president Joseph Wong Kee Liong advised those who were interested to purchase affordable houses to register with them.
They have submitted a proposal to the state government last year to build affordable houses price at RM250,000 throughout Sarawak.
“Meanwhile, we are still collecting data and encourage those interested to buy affordable houses to register with us,” said Wong.
Applicants for the housing scheme must be first-time house buyers with a household income of RM3,000 and below regardless of age or marital status.
“Over 10,000 units are going to be built in the next five years all over Sarawak.
“We expect more to be built if this scheme is approved by the state government,” said Wong.