The biggest Property Hunter Expo returns to Tawau
TAWAU, May 5, 2014: For the third year in the row, the flagship exhibition, SHAREDA Property Hunter Expo (PH Expo) which is jointly organized by the Sabah Housing and Real Estate Developers Association (SHAREDA) and Maxx Media (S) Sdn Bhd returns to Tawau.
This free-to-attend event will be held from 16 to 18 May 2014 (10:00am to 8:00pm) at the Lau Gek Poh Foundation Hall. It will feature over 32 exhibitors consisting of local and international developers, property agents and banks.
An array of properties ranging from residential developments and commercial projects will be showcased at the SHAREDA PH Expo in Tawau. And visitors will have a preview of some of the latest and highly anticipated projects such as Eco Garden in Tawau by Solidus Development. This high-end residential development located on Jalan Bunga Raya will consist of 34 exclusive units of semi-detached houses and 16 units of terrace houses.
Prinsip Hasil will also be launching 100 shoplots, sized from 1,200 sq ft to over 2,000 sq ft in downtown Semporna where there is still a high demand for commercial space. Each unit block is priced from RM630,000 onwards.
Major property developer, Hap Seng will also be featuring their project Bandar Sri Indah on Mile 10 Jalan Apas in Tawau. The single storey terrace houses will have a built up area of 1,205 sq ft (Type A) and 1,006 sq ft (Type B). These quality affordable homes are embraced by nature and landscaped spaces.
SHAREDA recently made a courtesy visit to the Sabah Minister of Youth and Sports Yang Berhormat Datuk Haji Tawfiq Datuk Seri Panglima Haji Abu Bakar Titingan to invite him as Guest of Honour at the SHAREDA PH Expo in Tawau.
Tawfiq said, “I applaud the efforts by the organizers to bring in property development projects from all over Malaysia and overseas to be showcased to the people of Tawau. I believe that this is also a good platform to promote local property projects developed by our local developers in Sabah.”
“In the midst of exuberant growth in the property market, I encourage the developers to continue to deliver high quality products at a reasonable price. As property buyers become more sophisticated and well informed, it is important that the products evolve along with the changes in the market,” he added.
Tawfiq also mentioned the importance of developers committing to build more affordable housing, as a gesture to contribute back to the community as a corporate social responsibility programme. And he encouraged first time home buyers to apply for the My First Home Scheme.
Through this scheme, first time house buyers will be able to obtain an incentive of RM30,000 to pay for the initial 10% deposit instead of a “subsidy” which is deducted from the selling price of a housing product. But the purchaser still needs to pay the 10% deposit of the deducted purchased price.
Tawfiq said that the assistance provided by all fellow SHAREDA members in fulfilling the promise of building affordable homes is greatly appreciated by the government. By working together, he hopes that it will ensure that Sabah progresses fast as a state without neglecting any industry.
“As the economy continues to prosper, it is natural to see the demand for property to increase, particularly for investment purpose. I would like to take this opportunity to remind all property investors to be cautious when investing in a property, and to avoid speculative investment behaviour. Whilst property is a good tool in preserving wealth, it should be treated as a steady long term investment tool,” Tawfiq said.
During the courtesy visit, SHAREDA President Francis Goh also presented Tawfiq with the SHAREDA 2013 Property Development Annual Report. The report reveals data which reflects the importance of property development industry to Sabah’s economy.
The report aims to be a relevant source of reference for related government departments, professional bodies, real estate players, SHAREDA members and counterparts such as REHDA and SHEDA. Plus, it also indentifies numerous pressing issues and problems faced by SHAREDA members.
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