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Friday, November 16, 2007

Talk on NCER in Penang

Residents up north, particularly in Penang, will get to know more about the Northern Corridor Economic Region (NCER) at a free seminar organised by Ho Chin Soon Research Sdn Bhd and Penang based HCK Technology & Information Services. The speaker will be Ho Chin Soon (pix), director of Ho Chin Soon Research.

To be held on Nov 28 at Cititel Hotel in Upper Penang Road, the talk will be beneficial to locals as well as real estate professionals including developers, property valuers, agents, town planners and architects.

Issues to be addressed include how the NCER would stake up to another government-driven
initiative in the form of the Iskandar Development Region (IDR), that was launched earlier, as
well as the Klang Valley.

Launched by the Prime Minister in July, the NCER is a development initiative that is expected to draw investments worth over RM170 billion from now till 2025. It was identified as
one of the areas to generate the country’s economic growth under the Ninth Malaysia
Plan. The NCER socio-economic blueprint will cover Perlis, Kedah, Penang and northern Perak.

“The NCER is the main focus of the talk and I’m sure the locals are interested to know how such a massive development will benefit them. There are also concerns on whether the IDR will pose a competition to the NCER,” says Ho.

He cites the example of foreigners who want to invest here but are unsure which project to go for since both NCER and IDR are located within Peninsular Malaysia. Ho will also identify areas in the NCER that will be worth investing in for the real estate market during his session.

Another highlight of the seminar will be the focus on Penang island. Ho says real estate activities tend to be concentrated on the island which already has a population of more than one million people. “Projects on the island bring the highest returns including yields and capital appreciation,” he adds.

For those interested in the seminar, the closing date for registration is Nov 19. To register, email or, or fax to 04-229 0766.
For more information, call 04-229 0766.

By theSun (By Loo Pik Kwan)

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