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Tuesday, March 9, 2010

Good turnout at ONE Australia Property Fair

Enthusiastic investors visit ONE Australia Property Fair

A group of established and reputable property developers and real estate agencies from Australia showcased their projects at the ONE Australia Property Fair which was held on March 6 and 7 at Cititel Mid Valley, Kuala Lumpur.

Organised by Cyan Event Management, the fair showcased over 15 new prime projects in major cities such as Melbourne, Sydney and Perth, as well as the state of Queensland . There were diversity in types of property presented, from luxury waterfront projects to affordable student-apartment units and also townhouses, landed properties and commercial units.

When asked about visitors’ response, Cyan Event Management managing director Charles Yong replies, “We had a very good turnout of approximately 2,500 visitors, which is 25% more than last year’s fair. Most people expressed genuine interest to buy and invest in Australian properties. According to past records, landed properties in some major Australian cities sold in 2002 for around AUD320,000 can now fetch about AUD700,000. More recently, landed properties in Melbourne have shown a yearly 18% price increase. For example, the prices of such properties have gone up by 10% in Box Hill and other parts of East Melbourne during this exhibition, when compared to our previous showcase in August last year.”

Visitors were treated to a seminar titled “ONE Australia Property Seminar” which featured a series of interesting topics such as Investing In Australia - Your Choice of State, Property Investment in Western Australia, Australia - Your Migration Options, Living & Studying In Australia, and Transparencies and Clarity in Understanding Australian Property Investment & Finance. Guest speakers include Marcus Gilmore, Samantha Payne, James Tan, Danny Ong and Leonard Ng.

MLG Realty managing director Marcus Gilmore commented that the turnout was much better than expected. He continues, “Visitors were already at the entrance at 10am even though the fair opens at 11am.”

“Overall, our exhibitors were satisfied with last weekend's One Australia Property Fair. Many said it attracted more quality visitors than other South East Asian exhibitions promoting Australian properties,” says Yong.

By The Star

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