Weakening ringgit value seen as a means of attracting foreign investors into Malaysia.
PETALING JAYA: Malaysia’s economy will be strengthened with an increase in demographics including expats, whereby properties in prime areas like Kuala Lumpur city centre and Mont Kiara remain the cheapest per square feet when compared to other regions, said Maxxan Realty Sdn Bhd founder and group managing director Sam Jee.
The company representative commented as such at Maxxan Realty’s grand launch held at Sunway Giza Mall in Kota Damansara, at 10am today.
Jee said the general election sentiments might have raised caution amongst investors, but if the location is right and other key factors are in place, the investors are still willing to part with their finances.
Group managing director Tee Kiat Siong said the weakening ringgit value is making the prices attractive for investors especially the foreigners.
Jee said that their target market is everyone and anyone who has the intention to own property while providing customers with a vast selection of products to fit their needs and budget such as an RM300,000 unit with three bedrooms and a built-up of 800 sq ft on top of other middle- to high-end offerings.
“Currently, our team is focusing on residential properties, the commercial and industry division will be set up in 2018,” said Maxxan Realty Sdn Bhd group chairman Datuk Jeremy Chia Pei Pei.
“Maxxan is ready to embrace success in 2018, via the sales of a minimum of 2,000 units of property in, 2018 translating to a GDV of RM1bil.
“2018 will be fundamental whereby we have stabilised and will proceed to penetrate the Asian region as we will make essential plans to expand our business to China, the Philippines and Thailand.
“Maxxan will continue to challenge itself by upgrading support for our sub-sales team as well as bringing in more quality projects for the company project team to market,” said Chia.
The group also introduced “M Privilege” membership program that provides additional benefits to supportive customers.
