The Star Property Fair sees RM115mil in sales

Visitors having a look at a property model at the SP Setia Berhad Group booth during the fair in Gurney Plaza.

GEORGE TOWN: About RM115mil worth of residential and commercial property was sold during the first three days of The Star Stylish Living Property Fair 2013 at G Hotel and Gurney Plaza.

Property exclusively marketed by Zeon Properties Sdn Bhd generated RM83mil in sales over the past three days.

Zeon CEO Leon Lee said Masmeyer Holdings Sdn Bhd generated RM30mil in turnover with sales from some 30 units of its Marinox condominiums in Tanjung Tokong.

“The Singapore-based UOA Group and Magna Putih each sold about RM15mil worth of property in Kuala Lumpur and Penang.

“UOA sold about 15 units of its Scenario@North Kiara Hills condominium project in Mont Kiara, while Magna Putih sold 10 units of its Mansion One serviced suites in Jalan Sultan Ahmad Shah.

“Other developers, including Mayland Universal Sdn Bhd, Mammoth Empire Holdings Sdn Bhd, Malaysian Resources Corp Bhd and Venn Properties Sdn Bhd, registered RM3mil to RM10mil in sales,” Lee added yesterday.

Three companies – SP Setia Bhd, Lone Pine Group and Bukit Kiara Properties Sdn Bhd – achieved RM32mil in sales during the same period.

SP Setia sales and marketing manager Susie Loh said it chalked up RM18mil in sales.

The sales were generated from the Setia Triangle residential-cum-commercial project and Setia V Residences in Gurney Drive.

“We also received enquiries and registrations for our forthcoming Setia Sky Vista project, a condomi­­nium development in Relau,” she said.

Lone Pine marketing and corporate affairs general manager Mabel Ooi said it had already secured RM10mil in sales.

She said many people sought information on 1Tanjong, a luxury super-condominium in Tanjung Bungah, and Phase 1 of the Pine Sanctuary in Paya Terubong.

“They looked keen on our projects. We expect to close a few more deals today. We are always here for the fair and the response has always been great,” she said.

Meanwhile, Bukit Kiara general manager Alex Chua said the company sold five units of its Verve Suites KL South project, generating RM4mil in sales.

“Our unique design of the scheme is the 60.96m sky bridge connecting two 24-storey tower blocks. The connecting bridge links to a theatre, gymnasium, lounge, and restaurant for the use of its residents.

“The scale model, which shows the connecting bridge, helped at-tract the crowd to our booth,” Chua said.

The fair, organised by The Star for the 11th year, is open from 10am to 10pm at Gurney Plaza and G Hotel. Admission is free.

The official event partner is Zeon Properties and Hong Leong Bank is the sponsor.

Source: StarProperty.my

  1. Ah Dog
    July 22nd, 2013 at 10:16 | #1

    This is the ‘coolest’ star property fair i ever been….the property market really that cool? Even after election that most property agent telling still cooling down.

  2. Ah Dog
    July 22nd, 2013 at 10:20 | #2

    Btw, this year onwards, every property fair in Penang were ‘cool’, only few booths, no longer can held in PISA as too small the size, even in PISA, need to combine with furniture fair, unlike last few years….

  3. Ah kau
    July 23rd, 2013 at 13:39 | #3


  4. sasandra
    August 2nd, 2013 at 13:29 | #4

    Fitch rating downgrade Malaysia from stable to negative, more control will be taken to reduce the household debt. Property sector will be affected earlier by 2015 or latest by 2017.

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