PETALING JAYA: To gain a better insight to the challenging year of 2017, The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the private sector of Malaysia (PEPS) will be organising the Malaysian Property Market Outlook 2017 on Feb 23 at The Sime Darby Convention Centre, Kuala Lumpur.
The summit aims to address the challenges of the property market, while presenting opportunities that lie unattended in a bid to boost the industry and pave the way for investors and home purchasers to make the best of the market conditions.
“The highlight of the summit is a special interview with the Past President of the Real Estate Housing Developers’ Association (Rehda) Datuk Ng Seing Liong, which will give the participants an insight into methods to make homes more affordable and businesses better served,” said organising chairman Elvin Fernandez in a statement.
Titled “How to make the Malaysian property market more efficient by bringing down prices and values for residential and commercial space in the long run to the lowest possible levels”, the interview will look beyond land prices and rising construction costs
The summit will also provide an expert review of the hidden potential that lies in the Eastern Economic Region, which will see a boost in transportation and infrastructure.
Under Budget 2017, an estimated RM55bil will be invested for the implementation of the new East Coast Rail Line project connecting Klang Valley to the East Coast and another RM100mil to restore the East Coast railway line along Gua Musang – Tumpat.
The summit will open with an in-depth overview of the Malaysian Property Market by Dr. Rahah
binti Ismail, recently appointed Director General of Valuation and Property Services Department.
Her session promises opinions in the property market based on the department’s statistics and analysis that will entail an outlook and projection for the market based on actual up-to-date figures.
Other sessions include an analyst’s perspective of the landed residential market, which will have statistical projections and analysis for a more accurate outlook in the year to come.
The summit will also cover retail market performance, the market performance in the northern and southern region and well as in Sabah and Sarawak.
According to Fernandez, the aim of PEPS in organising this annual summit is to ensure the quality of information and analyses disseminated into the market will contribute to an efficient market.
He calls on market players to attend this summit to update and reinforce their knowledge in the property industry to ensure they can better recognise the opportunities that lays amidst the challenges as the industry rides-out the trough of the economic cycle.
The Property Market Outlook has been organised by PEPS over the past 10 years, drawing a crowd of approximately 300 participants.
Interested parties may contact Susan or Sharon at 03-6201 8200, 03-6201 8300 (fax) or email secretariat@peps.org.my/ sharon@peps.org.my.
[slider id='81590' name='StarProperty' size='full']
Follow us on Wechat or Facebook for the latest updates.
Download StarProperty.my e-Mag(bit.ly/StarProperty_Emag) for more articles.
Want to contribute articles to StarProperty.my? Email editor@starproperty.my.
