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MAPEX Penang Eyes Up To RM40 Million In Property Deals

Last update: 23/03/2012By Samantha Tan Chiew Ting

GEORGE TOWN, (Bernama) -- The Malaysia Property Exposition Penang 2012 (MAPEX Penang), starting today to March 25, is expected to record between RM30 million and RM40 million in transactions.

The expo, the first time it is held here, will have over 100 booths from over 35 developers.

MAPEX Penang, with the theme 'The Most Lau Juak Property Show', is jointly organised by iProperty.com Malaysia and Real Estate and Housing Developers Association Penang.

iProperty Group's chief executive officer, Shaun di Gregorio, said Penang was selected as the venue due to its vibrant economy, attractive places and the success of the Malaysia My Second Home programme.

He said iProperty was optimistic of this year's performance as more people were looking for and selling properties online.

"The trend started in the last three to four years in Malaysia. Over a million people have accessed the property website, iProperty.com," he told Bernama here today.

di Gregorio said property players and agents had also embraced the Internet as the tool to advertise their properties because they were cost-effective.

"We grow in tandem with the people accessing the Internet and agents and developers have discovered that this is cost-effective compared with newspapers," he said.

Currently, about 9,000 agents in Malaysia advertised on iProperty.com, he said.

Moving forward, he said, the group would continue to invest in innovation and the development of its people to provide best access for customers, agents and developers.

To enhance the services, he said, the group would also provide innovative solutions to increase its presence on all non-computer platforms comprising mobile phones, smartphones, tablets and other devices.

The iProperty Group, with its headquarters in Kuala Lumpur, is listed on the Australian Securities Exchange.

It is a leading online advertising business serving the real estate industry and owns online property portal websites in Asia under the iProperty.com umbrella brand.

-- BERNAMA