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Wednesday, November 17, 2010

Good property buys and special offers await visitors

KUALA LUMPUR: Top property developers from around the country will showcase their most attractive residential projects at the Star Property Fair 2010, which opens on Friday at the Kuala Lumpur Convention Centre here.

Developers including Ivory Properties Group, Sime Darby Property, SP Setia, CapitaLand, Mah Sing Group and the Naza Group will have innovative booths to reflect the theme “Stylish Living II” and showcase their newest living concepts.

Visitors to the fair will not only pick up good buys but also be rewarded with special offers if they sign up for a property during the three-day event. For example, buyers of the Sastra U-Thant joint-venture project between CapitaLand and Juta Asia Properties Sdn Bhd will be given two return air tickets, two-night hotel stay plus S$2,000 (RM4,800) worth of vouchers for a shopping spree in Singapore.

CapitaLand Commercial marketing vice-president Catherine Yao said the offer was in conjunction with the CapitaLand Group’s 10th anniversary celebrations in Singapore.

It will only be valid for buyers at the Star Property Fair 2010.

There are over 130 booths showcasing landed properties as well as high-rise residential developments.

Visitors may also sit in for talks by world-class architects and designers such as Bali-based Karl Princic and Steve Leung from Hong Kong on luxury development and modern contemporary design.

There will also be presentations by local experts such as Feng Shui master Prof David Koh, Vastu Shastra master T. Selva, interior designer Eric Leong, real estate consultant Milan Doshi and investment advisers Kevin Cheong and Peter Chan.

Admission to the fair – open from 11am to 7pm – and talks are free. Visitors can also obtain advice on financing options from participating financial institutions.

Besides properties offered by developers, there will be auctions by CIMB Property Mart.

Buyers trying to locate properties available in the secondary market can use the services at the StarProperty.my portal section.

By The Star

Paramount net rises

PARAMOUNT Corp Bhd, a property developer, said its net profit for the third quarter to September 30 was up 33 per cent due to higher profit margins and contribution from the new Surian Industrial Park development.

Revenue was RM98.3 million compared with RM111.6 million in the corresponding period last year due to lower progressive billings.

Given the buoyant property market and the lock-in unbilled sales brought forward, the company is confident of a better performance this year.

In addition, it expects to realise gains from its disposal of a 20 per cent stake in Jerneh Insurance Bhd.

By Business Times