BUDGET 2014: A Game Changer for Property
Market!
ICBC Banking on Expansion
Mode Within East Malaysia
The world’s largest bank
by market capitalisation
and deposits, Industrial
and Commercial Bank
of China (ICBC), sees its
first operation here as a
gateway to further expand
throughout the state and
into Sabah.
The turnout crowd during the property outlook conference
The most awaited conference, Property
Outlook Conference 2014 organized by
Wealth Mastery Academy (WMA) finally
made its debut once again, at Hotel Istana
Kuala Lumpur on 11& 12 January 2014.
This conference presents 13 uplifting,
distinguished and experienced speakers
who will provide the tips and tricks of
Property Investment that you must know
this year as well as the next few years to
come. As we all knew from the BUDGET
2014, there are few measurements that the
Government already implemented starting
from 1 January 2014. This has caused many
investors to rethink on their investment
strategies; what are the strategies to apply
next?
Many would have stepped back from their
initial investing plan due to the changes
that occurred in the property market.
Therefore, Property Outlook Conference
2014 main objective is to act as an
educational hub for those who seek advises
and tricks to survive in this volatile year and
to guide property investors to absorb and
practice the effective property investment
strategies.
According to Dato’ Terry Ong, Chief
Executive Officer of Wealth Mastery
Academy, “Property Outlook Conference
2014 is a platform where investors
and brand new investors can obtain
information that they need to kick start
their investment. The reason why we
have it in the beginning of the year is to
provide the sufficient information about
the property market for the first half of the
year.
The conference took off with the token
of appreciation which was given to all the
partners that supported this conference
throughout.
This conference consist of speakers like
Veena Loh,General Manager of Malaysia
Property Incorporated; Dato’George
Stewart Labrooy, Chief Executive Officer
& Executive Director Axis REIT Managers
Berhad; Elvin Fernandez, Managing
Director of the Khong & Jaafar Group of
Companies in Malaysia; Vincent Wong,
Best-Selling Author and Lease Option
Mentor; KK Wong, CEO of Dynasty View
Sdn Bhd and UMLand Berhad; Dato Soo
Kai Chee, Executive Director, Finance &
Marketing Division of MCT Group and Yap
Shin Siang Partner of YYC Advisors who
spoke on the Property Outlook Conference
stage on Saturday. Whereas, the remaining
speakers such as Siva Shanker, President of
Malaysian Institute of Estate Agents; Dato
Sri Dr Vincent Tiew, Executive Director of
Andaman Group; Milan Doshi, Property
Guru & Best Selling Author; Prudence
Wong, Property Entrepreneur; Renesial
Leong, Asia’s Queen of Property and last
but not the least is Dr Daniele Gambero,
Chief Executive Officer and co-founder of
REI Group of Companies delivered their
insights on Sunday.
Speaking at the launch
of ICBC’s East Malaysia
regional branch here,
deputy chief executive
officer Xie Shaoxiong said
the establishment of the
bank here would further
enhance the economic
and trade ties between
Malaysia and China.
Sarawak economic
stability is one of the main
reason that attracted
ICBC to setup its East
Malaysian regional branch
here in Kuching that will
oversee the Sarawak and
Sabah operations, said
Xie.
It is also very important for the upcoming
generations to have a better understanding
on the property market and what are
the available investment opportunities
that best suit their portfolio before
implementing their plans. This will help
them to escape the risk of bad investment
which will take quite a timeframe to recover
from it.
He foresaw Sarawak to
be the next economic
development centre in
Malaysia by 2020 and
remained confident the
economic boom here
would give the group a
vast opportunity within
the financing cycle.
Many from our past conference
participants and group of investors had
come again to update their knowledge in
property market; market trend for the next
3 to 5 years, where and what are the latest
hotspots, 10 CPD hours for Valuers and 15
CPD hours property agents will be provided
to those who registered themselves at our
counter. Moreover, they too brought in
their friends and family to the conference
as they too wanted them to be exposed to
the property investment industry.
“With support from the
Chinese and Malaysian
governments, we
believe we will be able
to deliver much more to
the community here, by
providing and facilitate
the trade in terms of
renminbi,” Xie noted.
Once again Property Outlook Conference
2014 hits the record of full house with
more than 1600 participants. The quality
of the conference has once again proven
through the overwhelming support that
it had received this year. We will be back
next year with even greater platform for a
greater learning!
Sabah and management
has visited several
areas over the past few
months. They are now
doing their planning and
arrangement,” said one
of its senior management
staff.
“ICBC Kuching branch will
be the regional centre
overseeing the Sarawak
and Sabah operations,
while providing training
for the new recruitment.”
Since the establishment
of ICBC Malaysia in 2010,
the group reported
steady growth over the
past three years with
products, services, loans
and deposits all improved
positively.
As at end-2012, ICBC
Malaysia’s total assets
exceeded RM3 billion
while deposits and
profits stood at RM800
million and RM20 million,
respectively.
ICBC Malaysia further
complements the group
operations network
covering Hong Kong,
Macau, Japan, South
Korea, the Middle East
and Central Asia, making
ICBC one of the few b