30,000 throng Star Property Fair in Penang

  • Nation
  • Monday, 22 Sep 2003

PENANG: More than 30,000 visitors thronged the three-day Star Property Fair 2003, which offered new housing projects for buyers and old properties for bidders at the grand auction. 

The fair, featuring some 80 exhibitors taking up over 110 booths, concluded yesterday at the Penang International Sports Arena (Pisa), with some exhibitors optimistic about potential customers returning to place bookings. 

Exhibitors reported that a total of RM12mil in properties were sold during the fair. 

For housebuyers like Azman Hassan, 39, who booked a bungalow worth over RM1mil, the last three days had been spent on shortlisting potential properties and loans, and consulting his wife and children. 

“I came to the fair after work on the first day after 6pm and managed to cover only a quarter of the floor space but I did shortlist a few possible homes. 

WELL-ATTENDED: A view of the crowd at the Star Property Fair 2003, which closed Sunday. The fair featured some 80 exhibitors taking up over 110 booths.

“On the second day, I brought my wife and two children to settle on what we wanted before making the booking,” said the manager of a multinational corporation. 

Azman, who had previously invested in a Kulim project that had been abandoned, said he was more careful now on the developer’s background and in choosing his home. 

Another couple, Dr Azrin Abdullah, 33 and his wife Santi, 30, were also looking for a landed property here but found the choice limited as most were located on the mainland. 

“Even those available on the island are too expensive,” said Dr Azrin, who is now renting a three-storey house in Relau for over RM1,000 a month. 

Dr Azrin said he had stayed in an apartment before but found the frequent breakdown of lifts frustrating and inconvenient for his wife, especially when she was pregnant. 

Checks with the exhibitors showed that they were happy with the response to their projects. 

A developer said his project received bookings for at least five units of bungalows costing an average of RM1.2mil each during the fair. 

Rich Focus Corporation Sdn Bhd sales and marketing manager K.H. Lim said the company made some RM6mil in sales projected from the bookings. 

The company was also offering a 7% discount for bookings made during the fair. 

Alor Vista Sdn Bhd, which was offering a free air-conditioner to the first 10 buyers, had also secured some bookings, while IJM Properties Sdn Bhd was also happy with the bookings received. 

The property auction held at the function room had also seen some drama for the hotter properties. 

However, there were also properties that did not attract any bidder. 

The fair was organised for the first time by The Star to complement the recent stimulus package implemented by the Government.  

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