Chief Minister Launches MAPEX Penang 2012

Press Release - March 23, 2012

The most anticipated and highly awaited property exhibition, Malaysia Property Exposition (MAPEX) 2012 was launched today by Lim Guan Eng, Chief Minister of Penang, accompanied by organisers, Chief Executive Officer of the iProperty Group, Shaun Di Gregorio, and Chairman of the Real Estate and Housing Developers Association (REHDA) Penang,  Dato’ Jerry Chan Fook Sing.

MAPEX PENANG 2012, with the theme The Most Lau Juak Property Show, is organized by iProperty.com Malaysia, the country’s No.1 property website, together with REHDA Penang and will be held from the 23rd to the 25th of March 2012 at the Straits Quay Convention Centre from 11am – 8pm. The three day event will be featuring prominent developers, prestigious property developments, real estate experts and property buyers in Penang under one roof.

“MAPEX PENANG 2012 aptly complements the government’s efforts to boost the property industry in Penang. Penang, being a cultural melting pot, is becoming an attractive destination that lures local and foreign visitors who want to own a property here. Though Penang is a small state with scarce land resources, continued reinvestments in the industrial sector by multinational companies have had a positive impact on the take-up of property launches,” said Guan Eng at the launch.

He added that the state of Penang does not only appeal to locals but to also international investors. With Malaysia My Second Home Scheme and a booming eco, medical and tourism industry, international and local buyers have been rapidly investing in the state.

“Through MAPEX 2012, the property industry in Penang can be further boosted as it is an avenue that not only promotes the latest and upcoming developments in Penang, but also a platform to highlight and showcase these developments to locals and foreigners alike. MAPEX PENANG 2012 will certainly be the most “Lau Jak” property EXPO as property investors would not be able to resist the deals offered,” added Guan Eng

Echoing the same sentiments, Dato’ Jerry said “Penangites who have migrated to other states to work are also keen to invest in property in Penang. Market trends have indicated that property prices in Penang have remained steady in spite of the global recession. Topped with world class developments, the real estate market in Penang is now frequently compared to some the best schemes around the world. Astute local and foreign real estate investors have complimented Penang’s progress in offering not just some of the most attractive product designs but developments at attractive prices.”

He added that MAPEX Penang has had, for many years, played a profound role in helping home buyers find their dream home at the most affordable prices.  With a record of thousands of transacted properties in the real estate business, MAPEX has come a long way in contributing to the growth and development of the industry.

“For 3 eventful days, you will have the opportunity to participate in the most lau juak event of the year!” added Dato’ Jerry

Sharing the same view, Di Gregorio said, “The iProperty Group has always stayed on the pulse of economic and market developments that shape and impact the real estate industry. With such a high interest in the property market in Penang, we are confident that MAPEX PENANG2012 would serve to meet the needs of property investors and buyers as they are now able to find their perfect home or next investment without any hassle. With over 100 booths from over 35 of the country’s most prominent and prestigious developers under one roof offering attractive developments at discounted prices, the only challenge property investors and buyers will face is in deciding which property to invest in,”

Aside from having the opportunity to grab the best deals in town, property investors and agents will stand to benefit from a host of insightful seminars featuring renowned property leaders who will share valuable tips in investing wisely, advice on buying overseas property and more.

Prominent developers such as DiJaya Corporation Berhad, E & O Property Development Berhad, Land & General Berhad, Mah Sing Group, Selangor Dredging Berhad, SP Setia Bhd Group, and Sunway Property were among the many developers participating in MAPEX PENANG 2012, offering their best deals.

Apart from showcasing the most promising of property investments and the most desired lifestyle, this comprehensive exhibition also offers tips and tricks into making sound property purchase decisions by some of the most prominent personalities in the real estate industry – making this event a one-stop-solution for all your property needs.