THE two-day Bumiputra Property Exhibition (BPEX), which starts today, hopes to address the pressing issue of unsold properties and to enable home-ownership for B40 individuals and young Malaysians.
The exhibition is taking place over the weekend at Midvalley Exhibition Centre in Kuala Lumpur from 11am to 9pm.
“To ensure that all bumiputra communities can enjoy these benefits and opportunities, especially those who have faced difficulties in the past, we invite them to visit the exhibition and choose from a wide range of properties offered by housing developers, and priced below RM500,000,” said Marvel Management Communication managing director Datuk Nor’ashikin Taib.
“The exhibition aims to provide a comprehensive solution for individuals who have faced challenges in acquiring their dream homes.
“One of the standout features of BPEX is the exclusive promotion offering a 15% price reduction for a limited period of time. This 15% discount is only available for two days.
“In this exhibition, we have two categories – newly launched units and those that have been on the market for over a year,” Nor’ashikin added.
The exhibition showcases a wide range of properties, with prices ranging from RM250,000 upwards.
With more than 50 property developers participating, attendees can choose from an extensive selection of properties that suit their preferences and budget.
“Among the participating developers are Prima Malaysia Corporation, Subang Alam Sdn Bhd, Glenmarie Cove, Syarikat Perumahan Negara Bhd, Gamuda Land and Selangor State Development Corporation (PKNS),” said Nor’ashikin.
“The exhibition recognises the hurdles faced by individuals who lack the necessary financial documentation, such as payslips and bank statements, that often prevent them from obtaining home loans.
“To overcome these obstacles, the Housing Credit Insurance Scheme (SJKP) is collaborating with participating banks, including Bank Islam, Bank Muamalat and Maybank,” said Nor’ashikin.
“Through this partnership, applicants can submit their loan applications, which will be guaranteed by SJKP, even without the traditional financial documents.
“This exhibition provides an alternative for bumiputra individuals who lack support in terms of financial statements.
“The guarantee provided by SJKP enables them to apply for loans and fulfil their dream of home ownership,” she said.
State housing, urban wellbeing and entrepreneur development committee chairman Rodziah Ismail said: “The aim of the exhibition is not just to control prices but also to offer various types of properties that cater to different needs.
“With prices starting from RM250,000, there are plenty of options available.”