Expo in revamped I-City draws huge crowd looking for desirable real estate

  • Nation
  • Saturday, 23 Apr 2016

PETALING JAYA: I-City’s first property fair since the revamp of its sales gallery opened with confidence and style.

Thousands of visitors and buyers flocked to the fair, showing that desirable properties are still on demand despite the gloomy outlook.

Star Media Group Bhd group chief operating officer Calvin Kan said the amazing transformation of i-City was evident in every visit to the integrated city, and the development has successfully reshaped the landscape of Shah Alam.

“For three days, the fair offers not only attractive properties, but also talks by industry experts and activities to provide a fun and lively experience to the public,” he added, after officiating the opening of StarProperty.my Fair 2016 i-City Edition yesterday with I-Bhd executive chairman Tan Sri Lim Kim Hong.

The fair is held at i-City till Sunday from 11am to 9pm.

The vibrant integrated development of i-City has managed to capture the interest of investors and homebuyers. The first residential development, i-SoHo, was declared sold out on the first day of the fair.

Chester Group executive chairman Datuk Howard Chew said the 100 units of i-SoHo were sold out within two months.

“In conjunction with Chester’s 10 year anniversary, we will be giving away an iPad Mini and theme park tickets for purchasers of Parisien Tower during these three days. We are confident that we will be able to hit a 50% sales target,” he said.

Meanwhile, GS Realty director Datuk Seri Nelson Kee mentioned that he received a good response from the potential buyers of i-Suite, with 500 confirmed participants of the fair on the first day, and an expected 30-40% sales rate during the fair.

“With the involvement of Thailand’s largest retail developer, Central Pattana Group, there were no other competitors in the nearby region that could match i-City’s vision and potential,” he said.

Besides the impressive offerings of i-City, I-Bhd’s 8Kia Peng – King of the Hill at Kuala Lumpur City Centre, has also attracted intense interest from buyers.

It even managed to catch the eye of Tengku Datuk Mustapha bin Tengku Mohamed, who was the Grand Chamberlain to the Yang Dipertuan Agong from 1980 until 1989, and is no stranger to the exclusive address that neighbours Istana Hinggap Johor.

Besides fond memories, Tengku Mustapha cited the location and the view as some of the strong selling points of the luxurious property. This was echoed by B.I.G. Industries Bhd chairman Tan Sri Datuk Sri Lau Ban Tin, another interested potential purchaser.

While the current market outlook is gloomy, purchasers are advised to wait for the right property rather than for the right timing.

Property investor Alan Poon, who will be giving talks on the fair, said buying during the early phases of a development’s progress means potential capital gain to buyers, especially when the market is soft.

“Buy properties and wait. Don’t wait for the right time to buy properties, because time waits for nobody,” he said.

Other speakers include Henry Butcher Malaysia managing director Tan Hai Hsin, financial expert Gary Chua and Malaysian Institute of Geomancy Sciences president Professor Joe Choo.

The three-day event offers the All-Day Happy Flea Market, food trucks, a treasure hunt and live band performances.

The first 500 registered visitors stand a chance to redeem one WaterWorld and one City of Digital Light theme park ticket each, which are given daily.

Purchasers of Hyde Tower, Parisien Tower and Liberty Tower will stand a chance to win return air tickets to London, Paris and New York respectively.

I-Bhd’s global partners also include Henry Butcher Retail Malaysia, Al-Rajhi Banking Group, Rozel, DoubleTree by Hilton and Best Western.

Visit starproperty.my/icityedition for details.

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