Properties worth RM50 mln snapped up at PH Expo


MIRI: Some RM50 million worth of properties were sold at the Property Hunter Expo 2013 (PH Expo) at Miri Indoor Stadium last weekend.

The expo, which was held here for the first time, showcased several vibrant properties in Malaysia, Singapore and Australia, and it attracted over 1,000 visitors.

Featured were high-end residential condominiums, semi-detached houses, commercial shop lots and retail outlets.

Australia Property and Development managing director Jenny Neoh said they were glad to have brought in quality Australian projects to showcase to the locals.

“We are pleasantly surprised by the openness of the locals towards Australian properties,” she said.

The Wharf senior operations executive Ali Daud, when met, said he was very pleased with the response to the expo.

“Unfortunately, the only thing holding back customers is the strict loan policy imposed by the bank.

“However, it is clear that people here are keen to invest as we have received numerous bookings,” he said.

Expo organiser Michael Hiew described the response to the expo as very encouraging.

“Although we expected a bigger turnout of visitors, we are happy that we hit our overall sales target.”

He added that the people here were certainly ready and keen to invest in properties, even those outside Miri.

Hiew said the next PH Expo would be at Dewan Sri Perdana in Lahad Datu, Sabah, from Nov 29 to Dec 1.

“It will be the largest and first of its kind in Lahad Datu, featuring over 45 booths, including major developers such as Kinsabina, IOI Properties, Purcon and Hap Seng Properties.”

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