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Saturday, May 7, 2011

Property expo sale in state

JOHOR BARU: Prospective property buyers have some 8,000 units of residential, high-rise homes and commercial developments to choose at the Malaysian Property Exposition (MAPEX) sale here.

The four-day fair at City Square, which will end tomorrow, is aimed at attract Johoreans to buy these properties under the ‘My First Home Scheme’, which was launched by Prime Minister Datuk Seri Najib Tun Razak.

MAPEX organising chairman Wong Kuen Kong said the total properties put up for sales were valued at RM4.1bil.

“I believe the scheme will prompt first time buyers to look into buying residential properties such as semi-detached houses, terrace houses, condominiums, apartments and flats.”

Wong said with the demand for high-end properties, the industry can expect a boost in their sales this year.

He said there is a trend among Johoreans to look for semi-detached houses and bungalows to own.

Real Estate and Housing Developers’ Association Malaysia (REHDA) Johor branch deputy chairman Koh Moo Hing said the local property market is going to benefit following improvement in the bilateral ties between Malaysia and Singapore.

He said the development of Iskandar Malaysia would be another pulling factor to attract Singaporean buyers.

“Local properties are still comparatively cheaper compared to those in Singapore with the strong Singapore currency,” he said.

The fair opens from 10am and 10pm.

By The Star

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