/// East Malaysia Property News
Visitors Flocked to the 2014 Property Hunter Expo
In Sabah, one of the
highlighted developments
is Taman Putra Pogun by
DOCOMO Development.
This RM45 million project
is located on a 5.5 acres
land in Penampang. The
development consists of
two storey semi-detached
houses and two and three
storey link or terrace
houses.
The 2014 Property Hunter
Expo (PH Expo) is a freeto-attend Expo held at
the Sabah Trade Centre
from 7th to 9th March
2014 (Friday to Sunday).
The exhibition will also
tour other towns in Sabah,
Sandakan in April and
Tawau in May.
The exhibition featured
over 50 developers and
more than 70 properties
from Australia, Singapore,
West Malaysia, Sarawak and
Sabah. Those looking to
invest in Johor can visit the
WCT Land booth to find out
more about their project
Medini Signature which
is located in the heart of
Medini Iskandar Malaysia.
This luxury apartment
consists of 456 units with
stylish interior layouts.
MAC Group will also be
promoting V’Residence, a
two-block 26-storey tower,
condominium in Cyberjaya
City, Selangor. V’Residence
is has a total of 268 units
sprawled across four acres
of land. With only six units
per floor in each tower, the
condominium units come
with the choices of balcony
or lanai and consist of three
to five bedroom designs
ranging from 1,373 sq ft.
Another featured project
in Selangor is the highly
anticipated is Dream City
located on a 7.5 acre land
in Seri Kembangan. Visitors
wanting to find out about
48
this unique development
can stop over at the AYG
Property Solutions booth.
Dream City comprises of
seven blocks, and a 90,000
sq ft skypark. It has six
types of units ranging from
550 sq ft to 2,560 sq ft. It
comes fitted with earthfriendly conveniences
such as energy monitors,
rainwater recycling and
energy efficient windows.
Exhibitor Hua Yang Berhad
will be showcasing Sentrio
Suites which is located
in the bustling township
of Desa Pandan in Kuala
Lumpur. This servicedapartment development
spread across 1.55 acres
of leasehold land. There
are 327 units available
measuring from 570 sq
ft to 1,230 sq ft. It offers
a selection of six design
options with two and three
bedroom layouts, as well as
studio type unit.
Visitors looking to invest
in neighbouring Sarawak
can drop by The Wharf
Unique Harvest booth.
The developer will be
exhibiting their project,
The Wharf which is an
integrated part of the Miri
Waterfront Commercial
Centre. The built up size of
two + one bedroom units
ranges between 143.3m2
to 163.5m2. Facilities
include multiple pools, a
gymnasium, a multipurpose
hall and a children’s
playground.
www.PropertyHunter.com.my
IPMUDA Berhad will
also be featuring one of
their latest development
Kondominium Kristal
Heights which is located
on Jalan Kepayan, next to
the upcoming Aeropod.
This very low density
development consists of
only 95 units (seven types
of design) built across 3.6
acres of land. The units
boast of breathtaking sea
view and residents have
access to facilities such as
a clubhouse, gymnasium,
pool and many more.
Managing Director of
Maxx Media Michael
HiewAccording to organizer
and director of Maxx Media
(S) Sdn Bhd Michael Hiew,
“Visitors will also receive
a free copy of the latest
Property Hunter magazine
and they can stand a
chance to win attractive
prizes when they enter the
Visit & Win and Buy & Win
contests.
Home Prices Continue to Rise
in Malaysia
Kota Kinabalu City Centre, Sabah
Residential properties in
Malaysia have become
less affordable, but the
price growth has been
moderating particularly
in the past two quarters,
according to Dr Yeah Kim
Leng, Chief Economist at
RAM Holdings group.
The housing market is
also expected to have
a “soft-landing” in 2014,
which can shrink property
bubbles in certain
areas, he said during
Malaysia Property Inc’s
2014 Corporate Outlook
seminar yesterday.
However, there exists a
significant gap between
supply and demand,
especially in the low-cost
segment.
“Developers need to
take note that 3.8 million
people or 55 percent of
the market have monthly
household incomes of
less than RM4,000 and
can only afford properties
priced RM360,000 and
below,” Yeah noted.
Speculative buying is also
a threat to Malaysia’s
financial system, but
it’s hard to differentiate
between investors and
speculators.
“This is because
property has become
an investment asset
in Malaysia due to
the lack of alternative
investments. The demand
for properties for
investment in Malaysia is
high, especially if interest
rates remain low.”
Nevertheless, the
country’s demographics
are favourable to the
housing market. For
instance, the working
populati on is growing
steadily, while the
unemployment rate
remains low at 3.4
percent.
“Despite cooling
measures, the
fundamental demand
such as demand from first
time home buyers should
still continue and banks
still have the liquidity to
serve this demand,” he
added.