BY DAVID TAN and CHONG KAH YUAN
The crowd checking out the booths at the StarProperty.my Fair 2017 on its final day.
ELEVEN developers generated RM119.35mil in sales during the four-day StarProperty.my Fair 2017 held at Queensbay Mall in Penang.
About RM60mil were from properties marketed by Zeon Properties Sdn Bhd. The projects were Aroma Development Sdn Bhd’s Starhill in Bukit Gambier, Devoteshens Sdn Bhd’s My Sakura 28 in Permatang Damar Laut, Gamuda Land’s The Robertson and HighPark Suites in Kuala Lumpur, Potensi Utama Sdn Bhd’s Permai Villa in Bukit Mertajam, and Emerald Capital Group’s ParkVille in Balik Pulau.
The projects generating the remaining RM59.35mil were BDB Land Sdn Bhd’s Darulaman Perdana (RM18.4mil), Prisma Bumiraya Sdn Bhd’s Novus (RM4.2mil), Galeri Tropika Sdn Bhd’s Golden Triangle 2 and Ion Delemen (RM23mil), Tambun Indah Land Bhd’s Pearl Tropika and Raintree Park (RM5mil), Palmex Industries Sdn Bhd’s Cypress Villa, Stramax Residences and D’zone Condominiums (RM5.75mil), and Hunza Properties Bhd’s Mekarsari (RM3mil).
BDB Land sales executive Fadzil Khamis said quite a number of the buyers for the company’s properties in Kedah were from Penang.
“They come to Sungai Petani because the prices of landed homes in Penang are very expensive, beyond their reach. Our landed properties in Darulaman Perdana, Sungai Petani, for example, are priced from RM368,326 to RM592,070,” he said.
Tambun Indah Land Bhd sales and marketing manager Khor Ghee Young said the group sold about RM5mil worth of properties from the Pearl Tropika and Raintree projects in Pearl City, Simpang Ampat on the Penang mainland.
“The buyers are first-time buyers and those with small families,” he added.
Corfield Development Sdn Bhd received about 300 registrations for its Senzo Residence, a condominium project in Sungai Ara on the island.
Zeon Properties chief executive officer Leon Lee said the stability of Penang property prices was one of the reasons why investors were keen to buy properties in the state.
“Since 2014, the value of most sub-sale properties had either stayed flat or had appreciated slightly by 2% to 3% per annum.
“This is the reason why properties in Penang have remained attractive to eligible buyers and investors,” he said.
IJM Land senior general manager Datuk Toh Chin Leong said the crowd in the four-day fair was not disappointing.
“Quite a few were newly married couples looking for their first properties. They showed interest in our Permatang Sanctuary project because the prices of the landed properties there are below RM1mil.
“This shows there is still interest to buy properties. Standing in their way is the bank loan, which could be difficult to get nowadays.
“We have received many enquiries which we are confident in converting into sales later,” Toh said.
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