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Monday, October 29, 2012

PropertyGuru makes RM35.2m at showcase

KUALA LUMPUR: PropertyGuru Malaysia rake in RM35.2 million in sales at its first Property Showcase held in Penang and Kuala Lumpur.

In a statement today, acting country manager, Jason Thoe, said the two-day showcase in Penang from Oct 20 generated RM14.2 million in sales, while the three-day showcase here from Oct 26 generated RM21 million in sales.

"The success was attributed to the nature of the property showcase which emphasised on a select group of property developers which were able to give high return on investment," he said.

Meanwhile, Naza TTDI Sdn Bhd marketing senior manager, Bernard Yong, said the property outlook for next year would unlikely be as strong as the 2011-2012 period.

"We foresee a continuing tightening of credit which will impact the property market," he said.

Country Garden regional director, Ariel Chan, said the effective government regulation and control as well as the steady population and economic growth would favour the development of the real estate market next year.

"As for the price of houses, it has been a steady growth over the years, and there will be room for further appreciation," Chan said.

By Bernama

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