Fair to showcase prime property projects in Penang

The Star Property Fair 2012 is back for its 10th year with a more interesting array of programmes.

The Star regional operations manager (north) Chung Chok Yin said the overwhelming public response had contributed to the fair’s 10th edition.

“I hope those who wish to buy houses will obtain useful information from this showcase of prime property projects in Penang and overseas,” said Chung.

He added that the property market in Penang was resilient.

He was speaking after the fair’s launching by Star Publications (M) Bhd executive director Tan Sri Kamal Hashim at Star Northern Hub in Bayan Lepas, Penang.

Touted as the state’s premier property expo, the fair will be held at Gurney Plaza and G Hotel from July 12 to July 15.

To date, about 40 developers who are major local and international players in the sector have taken up booths at the fair.

Joining them are several financial institutions and investment companies.

The four-day exhibition will feature property talks and forums conducted by specialists to provide useful information on property investment as well as related issues such as feng shui.

The main sponsor for the fair is IJM Land Bhd.

A special programme titled ‘Star-IJM Contest’ has been lined up for the fair.

Visitors who fill in the form published in the newspapers will be entitled to a lucky dip offering prizes including digital devices and tablets.

A booth will also be set up for those wanting to subscribe to The Star’s newspaper and ePaper bundle.

The fair is open to the public from 10am to 10pm daily. Admission is free. - By The Star


June 3, 2012 at 6:09 AMtan

US recovery is very slow.
Europe is in the mud.
China is slowing down.
Political uncertainty in M'sia.
Oversupply of hse/apartment.

Developers are promoting unsold units like mad.

What do you expect the hse/apartment price trend?

June 3, 2012 at 9:29 AMsmartiesno1

Now property in Penang oversupply, many investor buy for investment now they stuck with their houses could not sell out because too expensive + tighten loan and if BN take over Penang after GE13 what would happen in Penang. Mission impossible who knows. Now all waiting for GE13 then decide, just my opinion only.

June 4, 2012 at 4:58 PMChong

No sub-sales for super-condo, and new launching still continue and super-fast then before.
Hunza, I-Property, Ideal, Bellview , and those Island base develper is pushing thier on hand project. These companies will going to disapper soon.

June 4, 2012 at 10:05 PMjeremy tan

I seriously think there is a meaningful slowdown this time unless they have QE3

to re-quote Tan:
US has never been on a recovery, they were more like on steroids aka artificial life support and now reality is starting to kick in
Europe: It is a matter of time before Greece exits. I am not too sure about Spain, Portugal and Italy. Germany is not going to bail them out without proper terms and conditions
China might not be as strong as we thought it was.
Interest rates are still relatively low but liquidity are being tightened
An oversupply of condos.

I guess it would be back to basics, location,location and location

It is best to sit and wait. If they print more money the cycle continues.

June 4, 2012 at 10:42 PMKok Sur Lu

Spot on. Jeremy.

June 4, 2012 at 11:22 PMKevin

well, a lot of Malaysian folks have the capability to hold on to their investments... :) so i think most of the investors can buy and hold and wait... no worries... eventually, things should pick up again, if not in Malaysia, at least in Penang since land is limited...

June 5, 2012 at 12:09 AMcondomana

If I have cash now, I wouldn't rush into any deals as the good deals have yet to come...:)...It certainly wouldn't hurt to wait around, unless you come across something good. No doubt you have people with holding power, but with the last round of easy credit and property euphoria, there are definitely people who stretched themselves very thin in the system. You just need to know how to find them...;)

jeremy tan, you are right!. When times are bad, it will be location x 3. However, I think this time they will be reluctant to turn the printing machine on, as everytime they do that, the money gets channeled to places where its not suppose to go, unless they figured out a way to artificially channel liquidity to "productive" activities.

Happy speculating!!

June 5, 2012 at 11:23 AMtwyeow88

for investment in long term assets like properties, maybe should focus on rental and apply "dollar cost averaging" like buying unit trust - consistently buying in every 1 or 2 or 3 yrs (and buy with partners if amt is big) depending on the persons buying pattern, regardless of market condition. that way, we don't have to time the market.

June 8, 2012 at 4:38 PMcondomana

Hi twyeow88,

Buy houses like buy unit trust? Focus on rental? You buy anything now you surely get shitty rental yields. Can you pls try to think with your brains, and not your ass?..:))

June 8, 2012 at 7:13 PMPG kia

Agreed with twyeow88, the leverage is great especially on capital appreciation over time and cash flow, even initial rental is just enough to cover interest but eventually will catch up against initial cost.

June 8, 2012 at 8:34 PMtwyeow88

condomana, whether use ass or brain. only time can tell.

but your mentality, immediately i can tell.