GEORGE TOWN: The Star Property Fair 2014 concluded with 13 Penang and Kuala Lumpur-based developers closing deals worth RM190.9mil during the four-day event.
Those with the most sales included Nusmetro City Sdn Bhd (RM50mil), Ivory Properties Group Bhd (RM33mil), Ideal Property Group (RM25mil), Palmex Industries Sdn Bhd (RM12mil), UEM Sunrise Bhd (RM10mil), Tambun Indah Land Bhd (RM5.9mil) and Eco World Development (RM5mil).
Nusmetro City sales manager Seaan Yew said the properties sold were from its Arte S condominium in Jalan Bukit Gambier.
Ivory’s corporate communications manager Ann Tan said 70% of the sales came from their Tropicana Bay Residences at Penang World City.
“Despite the tighter bank loan conditions, sales were better than anticipated,” she said.
Ideal Property general manager (sales and marketing) Nancy Teo said the group sold about RM25mil worth of properties from the Imperial Residences project in Bayan Lepas.
Work on the Imperial Residences will start in September. It is scheduled for completion in 2017.
Palmex Industries Sdn Bhd, a subsidiary of IOI Properties, also recorded RM12mil sales for its Cypress Villa, a three-storey, semi-detached housing development in Sungai Ara.
Its assistant marketing and sales manager Vivien Kee said they had also received enquiries on D’zone Condominium in Teluk Kumbar.
Tambun Indah Land Bhd sales and marketing manager Khor Ghee Young said they chalked up RM5.9mil in sales.
UEM Sunrise Bhd deputy general manager (marketing and sales) Everlyn Khaw said their RM10mil sales exceeded expectations.
“We were worried that the crowd would be smaller due to the holidays. But the turnout was overwhelming,” she said.
Eco World Development, occupying the largest exhibition space measuring 190sq m, attracted thousands of visitors to view their properties in Penang, Kuala Lumpur and Johor.
Its assistant sales and marketing manager Eunice Lee Lay Wah said many had registered for its properties, which had an approximate gross development value of more than RM1bil.
Zeon chief executive officer Leon Lee said they sold about RM50mil worth of high-rise properties.
“These are projects from Penang-based developers such as Aroma Development Sdn Bhd, Bionic Development Sdn Bhd, Masmeyer Development, Reka Indah Development, Magna Putih, and Ganjaran Wawasan.” he said.
Asia Green Group sales and marketing supervisor Sandy Liew said their Clovers and Quay West condominium projects in Sungai Ara and in Bayan Mutiara had captured much interest during the fair. - The Star
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