Saturday, November 20, 2010

Early birds flock property fair

KUALA LUMPUR: The second day of The Star Property Fair 2010 saw visitors queuing up before the doors to the exhibition halls even opened at 11am.

There was much action on the property auction floor yesterday, as a crowd gathered to watch the rapid exchange of bids for choice properties.

Procurement executive Surani Sujor, 35, who was bidding for a single-storey house in Kundang, said she had wanted that property because her parents were living nearby.
“I am currently living with them and I am looking for a new place,” said Surani, who however, failed to get the house after she was edged out by a rival bidder who bought it for RM116,000.

Fung Kok Chung, 31, was luckier as he left the auction as the new owner of an RM80,000 apartment in Ulu Klang.

“I will be living there with my wife and daughter,” Fung said.

Auctioneer Foong Chon Wai said the auction received good response as 30% of the properties were sold within the first session.

Star Publications (M) Bhd marketing services general manager Iris Tan said this year’s turnout was larger, with about 10,000 visitors in two days.

“Even the number of exhibitors promoting their properties have doubled this year,” she said.

There will be four talks today on topics such as making money, interior design, asset management and earning from the property market.

The first talk will be by independent financial trainer and author Milan Doshi on 17 ways to make millions from the local real estate market, to be followed by a session on lending rate management by Acescube (M) Sdn Bhd principal and founder Kevin Cheong.

Hong Kong architect and designer Steve Leung and property developer The Haven Sdn Bhd CEO Peter Chan will give their views on interior design and property earning.

The fair is being held at Exhibition Halls 4 and 5 of the Kuala Lumpur Convention Centre. It opened on Friday and ends today at 7pm.

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