9th November 2013

Online help on bargain homes

KUALA LUMPUR: Housebuyers now have a comprehensive online helper to make their search much easier. It’s the newly-revamped StarProperty.my portal.

Featuring an interactive map of new and upcoming property development projects, the portal allows users to view the new housing and commercial projects available either by selecting the developers or area of their choice.

The portal, launched in conjunction with the opening of The Star KL Property Fair 2013 yesterday, provides users with information about these projects, along with a photo gallery of the available units.

Users will have the option to instantly book the units online or choose to register on the portal to receive updates about specific housing projects.

Those interested in second-hand homes, meanwhile, can go to Propwall.com, which is run by Ocision Sdn Bhd, a subsidiary of Star Publications (M) Bhd.

At the launch, Urban Wellbeing, Housing and Local Government Ministry secretary-general Datuk Seri Arpah Abdul Razak urged Malaysians to utilise such avenues to choose property which offer the best value for money.

She said house prices in Malaysia had increased by an average of between 9.96% and 12.3% each year since 2011.

“Of greater concern is the fact that income growth has not been in tandem with this increase in house prices,” she said.

While 80% of Malaysians could only afford to buy houses that cost below RM300,000, she said only 31.7% of all new housing units launched last year were below RM250,000.

“This shows there is an imbalance between the demand and supply of houses,” she said.

On another matter, Arpah said 66% of the 205 private housing projects abandoned since 2009 had successfully been revived by the Government while another 44% were being revived now.

Also at the launch were Star Publications acting Group CEO Datuk Seri Wong Chun Wai, Real Estate and Housing Developers Association (Rehda) president Datuk Seri Michael Yam and International Real Estate Federation (Fiabci) Malaysia president Yeow Thit Sang.

In his speech, Wong said the fair, themed “Stylish Living”, acknowledged the importance of lifestyle and its influence in the lives of property buyers today.

“With such a wide range of exhibitors to choose from, we hope our visitors will seize the opportunity and gather as much information available to make a wise decision,” he said.

The fair has over 180 booths by more than 50 exhibitors who are among the top property developers in the country.

Exhibitors included S P Setia, Mah Sing Group, UEM Sunrise and Glenmarie Properties.

The three-day fair, which began yesterday at the Kuala Lumpur Convention Centre, will also feature talks on market trends by industry experts.

It is open to the public from 11am till 7pm. Admission is free.


Source: www.starproperty.my
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