GEORGE TOWN: Despite concerns over the economic slowdown and difficulty in obtaining housing loans, there were still many prospective buyers at the StarProperty.my Fair 2018 in Queensbay Mall here.
Most exhibitors said they received numerous enquiries that they were confident of converting into sales.
Zeon Properties Sdn Bhd founder and group chief executive officer Leon Lee said they received enquiries from overseas on the projects marketed at the fair.
“The response for the property sector started picking up last year.
“People are more comfortable investing now that the 14th general election is over and the political landscape is more stable.
“Hence, they have started to take an interest in property again by having enquiries about the various projects.
“Most of the local and overseas buyers are aware that Penang will be equipped with many infrastructure projects, such as the LRT.
“They believe that after the completion of these projects, Penang will, in future, become like Singapore and Hong Kong.
“This is the feedback I received from Singaporeans and the people in Hong Kong,” Lee said.
Zeon Properties is the marketing agent for projects by three developers – Ewein Zenith Sdn Bhd, Aroma Development Sdn Bhd and Bionic Land Bhd.
Meanwhile, Zeon Properties business development director Carol Cheah said they received positive response for their award-winning City of Dreams (COD) project.
“We will follow up with these prospective buyers.
“There were at least five appointments made by the visitors who wanted to view the show units. We are confident of securing the deals,” said Cheah.
The RM800mil development by Ewein Zenith Sdn Bhd and marketed by Zeon Properties Sdn Bhd is located between Seri Tanjung Pinang and Gurney Drive.
It has 572 serviced apartments in a pair of 38-storey tower blocks named Elainé and Chloé.
Aspen Group corporate communication and marketing head Janice Lim said the fair was a good platform to showcase its Aspen Vision City in Batu Kawan on Penang mainland.
Aspen Vision City will comprise an Ikea store, condominiums, bungalows, shop offices, serviced suites, hotel, office tower, financial centre, healthcare facilities and international school, among others.
“We were able to showcase that Batu Kawan is an area with many upcoming developments, especially to Penang islanders who were not aware of it.
“We also received a lot of enquiries about Tri Pinnacle in Tanjung Tokong, which is the state’s first private-initiated affordable housing project,” she said, adding that the project is slated for completion at the end of this year.
The four-day fair organised by Star Media Group ended at Queensbay Mall yesterday.
The exhibitors were Asia Green Group, Mah Sing Group, SP Setia Penang, GIC Group, Aspen Group, EcoWorld and Pearl Ocean.
Also on board were Ewein Zenith, Property Talk Sdn Bhd, Hatten Land, Bertam Properties Sdn Bhd, GSD Land, Airmas Group of Companies, Palmex Industries Sdn Bhd and Hunza Properties Bhd.
Completing the list were Aroma Development Sdn Bhd, Bionic Land Bhd, BTK Land Sdn Bhd, East West One Marketing Sdn Bhd and KW Properties Development Sdn Bhd.
United Overseas Bank (M) Bhd was also present to offer attractive and flexible financing packages for prospective buyers.