International Property Expo is an annual property showcase to provide a convenient forum for property developers to exhibit properties of various types and for homebuyers to view the latest and available launches and property stock all under one roof.

International Property Expo show attracts quality exhibitors and genuine players in the property scene. Most importantly, the Property Expo Show provides the ideal exchange between smart exhibitors and discerning visitors, leading to opportunities for quality sales leads and closing contracts.

The International Property Expo is highly specialized event for varied exhibitors in displaying their products with different models of flats, villas, commercial property along with the full details of their map areas.
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Did you know what is the latest BLR (Base Lending Rate) or latest housing loan package? Overnight Policy rate (OPR) and BLR had being adjusted again. The world economy crisis was slow down most of the fields, include in Property sector.

The reducing of the BLR was benefits to home owners. Those housing loan borrower with floating rate type have chance to reduce monthly loan repayments or reduce total year of tenure for their housing loans.

Once again latest BLR recorded the lower point for past 20 years. Referring to Malaysia Bank mortgage BLR history. And below table show a list of Base Lending rate offered by Bank in Malaysia and the effective date.
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Sime Darby Bhd’s was launched a another campaign for “Parade of Homes” and generated RM161mil in property sales. It was exceeding the expectation of the company. Attributing the surge in property sales to the benefits given to home buyers. Sime Darby Property Bhd believe that the impressive property sales haul was also a sign of a resilient property market in Malaysia.

Sime Darby Property’s first Parade of Homes campaign was launched in June 2008 and generated sales of RM246mil in nine days. The second campaign in November 2008 generated over RM146mil in sales.
Sime Darby’s freehold properties range from affordable homes to high-end residences in townships in Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters’ Haven and Putra Heights.

The main factors contributing to the strong property sales were the Parade of Homes’ exclusive benefits, which included an interest rate of base lending rate minus 2.3%, special down payment scheme, and no interest charged during the construction period. Sime Darby Property’s offered an attractive package for home buyers during Parade of Homes campaign.

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Estimated by property managing, property prices for Penang property market may dip ~10% this year. But there still an event of Penang International Property Expo will held on 27th~29th March. Penang property may dip in property prices but increase of the demand.

Some think the situation will recover in the third quarter, others say it will take a year. But many property developers are not dropping their prices. It is in the secondary property market that buyers may be forced to sell, preferring to convert their assets to cash. We will bound to have that as many units will be completing this year.

Those who bought earlier are also expected to convert their assets to cash. Property agents and valuers have mixed views how much prices have dropped but the range is between 5% and 20%, depending on the project.

Normal profit in property project generally is 5% to 30%. Property Developers are now not making super profits.  Even if property developers drop property prices, it will settle at a fair level. Most of the property prices are close to construction price and land cost.
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