POSITIVE SIGN OR ‘DON’T BE TOO QUICK TO JUMP THE GUN’ FOR MALAYSIA’S PROPERTY MARKET? No it is not

Property is overvalued by nearly 60% and once prices come to a realistic level down by 40 to 50%, only then buyers will folk back and if no than just do some day dreaming the Buyers are coming back in droves. Invest in foreign properties or currency brings in returns of 20 to 25% yearly due to the booming property markets overseas and a fast depreciating Malaysian Ringgit. The choice is clear

A customer counts ringgit bills in denominations of 1, 50 and 100 at the service window of a money changer in Kuala Lumpur, 22 July 2005. The Malaysian ringgit was appreciating gradually in cautious trade 22 July after the Malaysian central bank responded to China's yuan revaluation by scrapping the dollar peg in favour of a managed float. AFP PHOTO/TENGKU BAHAR

PETALING JAYA: Malaysia Property Exposition (Mapex) is receiving better response from developers this year, signaling the players of property market are more optimistic about this year’s prospect, despite the weakening economy.
Mapex organizing chairman Datuk Ng Seing Liong said there are currently 50 developers registered to participate in this year’s first Mapex event

“We are expecting 50,000 visitors to attend this event,” he added.
Mapex will be held from April 14 to 16 (Friday to Sunday) at Mid Valley Exhibition Centre, Kuala Lumpur. The event is organized by Real Estate and Housing Developers’ Association (Rehda) Malaysia.
StarProperty.my is one of the supporting media.
When it comes to house hunting, Ng suggested that house buyers should do the due diligence and inspect the location where the properties are located, as well as compare the prices of different properties.
“House buyers should attend the event to gain insights on where they should focus their next property venture, aside from comparing property prices,” Ng adviced.
“Rehda is offering RM1,000 cash offer for each of the first 30 purchasers. Moreover, the developers will also offer various discounts to the buyers,” he added.
Mapex will be the largest national property exposition with a theme of “Greater Connectivity for Better Affordable Living”.
The renowned developers who will participate in this event include Ecoworld Development Group Bhd, Mah Sing Group Bhd, Matrix Concepts Holdings Bhd, SP Setia Bhd, Malaysia Resources Corporation Bhd (MRCB), MKH Bhd, IJM Land Bhd, Putra Nilai Development Sdn Bhd and more.