A lot of client have ask us on is it this year market will drop and when is best time to buy?
Our advice to them is buy when you are ready. There is no right time or wrong time to buy. You cant predict the market. In general, Property is a LONG TERM investment, not a short term. For the past 60 years, the property price chart shows that its keep increasing in long run.
Here you can see the outcome of the Star Property Fair in Queensbay Mall. You say it is slowing down and not a good time?
Article from Star Property:
HOMING IN ON HOT PICKS
Posted on October 5, 2015
DEVELOPERS closed approximately RM153.7mil in sales during the four-day Star Property Fair at Queensbay Mall in Penang.
EcoWorld Development Group Bhd (RM20mil), Asia Green Group (RM10.4mil), Tambun Indah Land Bhd (RM8mil), Ideal Property Group (RM29mil), Nusme-tro City Sdn Bhd (RM3.3mil) and Tropicana Ivory (RM3mil).
Zeon Properties sold about RM80mil of properties from the developers it was represen-ting.
The projects exhibited by Zeon were Ewein Zenith’s City of Dreams in Gurney Drive, Aroma Development Sdn Bhd’s Starhill in Sungai Ara, Bionic Land Bhd’s Prominence in Butterworth, Trimension Properties’ GMansion in Bukit Gambier and KB Group’s Sang Sarang in Lumut.
Its chief executive officer Leon Lee said the sales generated this time showed that there was still confidence in the local property market, which would be boosted once the Penang Transport Master Plan, which promises an LRT system and trams, was realised.
“In a time when prices of goods are going up, the property sector is still the best hedge against inflation.
“Most of the properties that are in demand are those priced below RM1mil,” he said.
Mah Sing Group Bhd chief executive officer Ng Chai Yong said the group managed to obtain over 1,000 registrations for its properties.
Mah Sing showcased Kuala Lumpur projects such as the Lakeville Residence, Southville City@KL South and MCity.
For Penang, the projects displayed were The Loft@Southbay, Ferringhi Residence, Southbay City and Legenda@Southbay.
EcoWorld Development Group Bhd general manager Khoo Teck Chong said they achieved their target of RM20mil in sales for both the Eco Meadows and Eco Terraces projects, located in Bukit Tambun and Paya Terubong respectively.
The Eco Meadows, compri-sing double-storey terraces, is a gated and guarded project, equipped with clubhouse facilities and located close to the first and second Penang bridges.
“Bukit Tambun is very close to Batu Kawan, where notable projects such as the Eco World Premium Golf Resort, Columbia Hospital, Hull University and The SME Village are being carried out,” Khoo said.
Asia Green director Tan Li Mei said the group sold RM10.4mil worth of properties from its Clovers condominium project in Sungai Ara.
“The project is over 80% sold,” she added.
Ideal Property general manager (sales and marketing) Nancy Teo said the sales were better than expected.
“Our products from I-Santorini, Forest Ville, and One Foresta sold well because they are very affordable and strategically located,” she added.
The I-Santorini in Tanjung Tokong and One Foresta in Bayan Lepas are priced at RM400,000, while the Forest Ville properties are priced between RM430,000 and RM530,000.
Palmex Industries Sdn Bhd deputy general manager Lim Cheok Leng said there were many enquiries on its landed properties Cypress Villa and Stramax Residences in Desaria, Sungai Ara.
She said they had also offered an easy payment package for those who failed to secure bank loans.
“Quite a number of buyers have gone over to check out our Cypress Villa.
“We believe we will be able to close deals within two weeks after the fair,” she said.
Tropicana Corporation Berhad marketing and sales manager Amanda Lee Lingwei said they received about 240 registrations for Tropicana 218 Macalister in Macalister Road and The Residences @ KLCC.
“Most of them came to check our Neo Suites of Tropicana 218 Macalister, which are commercial units.
“It is a new concept, with work and play in mind for the occupants to enjoy the facilities,” she said.
OSK Property Holdings Berhad sales assistant Danson Tan said they also received many enquiries on their landed properties in Yarra Park, Bandar Putri Jaya, Sungi Petani.
“The properties here offer sound investment.
“The prices are affordable,” he said.
About 40,000 people turned up at the fair which ended yesterday to check out the best property bargains offered by Kuala Lumpur and Penang-based developers.
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