Subramaniam (left) presenting a souvenir to Abdul Razak as Sulaiman (right) looks on.
KUALA LUMPUR: The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) on Feb 20, 2025 held their flagship event, the 17th Malaysian Property Summit (17MPS).
Held at The Vertical @ Connexion Conference and Event Centre, this year’s summit aspires to decode the underlying drivers and the various market traits and explore its trajectory in 2025.
PEPS President Subramaniam Arumugam and 17MPS organising ohairman Sulaiman Saheh shared the significance of the summit which hosted 300 attendees from across the country. This year’s summit featured five key sessions, each designed to provide a deep dive into the landscape of Malaysia’s property market.
Subramaniam highlighted the importance of correctly navigating the property sector within an ever-evolving economic landscape. This is considering the shifting consumer behaviour as well as the various changes in new policies, legislative proposals, infrastructure development and technological advancements.
With the Summit’s theme of Numbers Tell, Sentiment Sells: Decoding the Real Estate Market, he emphasised the need to prudently unlock new markets in shaping the industry’s future.
Sulaiman, who is also Rahim & Co International research director, resonated with Subramaniam. Property market transactions had been on an uptrend, continuing the growth momentum from 2023 with higher year-on-year increases for the first nine months of 2024.
Nevertheless, expectations among buyers are mixed between those who are upbeat about the current market course and those who are expecting the market to remain challenging. Industry players and investors are reassessing their strategies for what is to come over the next couple of years. Decoding the market accurately is crucial for a sustainable real estate strategy in the current climate.
At the press conference were (from let) Mani, Kong, Subramaniam, Sulaiman and Foo.
Guest of honour Abdul Razak Bin Yusak, who is the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) director and Valuation and Property Services Department (JPPH) director-general, emphasised the importance of embracing change and correctly interpreting its impact on the current market to ensure that our market remains attractive to international investors while enhancing efficiency and vibrancy of the property sector.
He highlighted that the property market remained strong, thanks to strategic policies and investments, but reminded us to be mindful of global fluctuations, changing consumer behaviour, and technological advancements. As the property sector does not thrive in isolation and depends on collaboration, he called for further public-private partnerships that will help drive the growth of a resilient and inclusive property market.
Also present at the event were VPC Asia Pacific managing director Datuk Mani Usilappan, MacReal International co-founder Michael Kong and CBRE | WTW Malaysia advisor Foo Gee Jen.
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