Maspex Johor draws over 18,000 visitors

SKUDAI (June 12): The Malaysian Secondary Property Exhibition (Maspex) in Johor held over last weekend hit its target of 18,000 visitors.

“There were more young professionals this year compared with last year [which recorded 10,000 visitors],” Malaysian Institute of Estate Agents (MIEA) Johor branch chairman Liew Toh Sen tells The Edge Property.

The three-day exhibition is an annual event organised by MIEA to promote secondary properties in attractive locations in the state to owner-occupiers and investors.

MIEA president Erick Kho says the event offered over 6,000 properties worth RM2.5 billion in total.

Maspex took place amid a backdrop of cautious sentiment arising from negative press of the state’s property sector.

During a press conference on June 5, Iskandar Regional Development Authority CEO Datuk Ismail Ibrahim said the state has continued to experience rapid economic growth since 2006.

He added that various sectors — including tourism, creative, logistics, healthcare and education — had generated over 500,000 jobs in the state which, in turn, has fuelled demand for property.

Held at Sutera Mall, Maspex also featured seminars on property hotspots, feng shui and the impact of the Goods and Services Tax on the property market.

Exhibitors included real estate agencies, property services firms and financial institutions such as Malayan Banking Bhd, the event’s main sponsor.

theedgeproperty.com was one of the exhibitors at the event. The new one-stop property portal by The Edge Media Group features news, listings, and a full range of analytical tools which include indicative valuations, past transactions, rental rates, trends, hotspots, and new project launches.

Its booth drew many property agents and negotiators who signed up to list their properties and avail themselves of the free and exclusive agent tools on the portal.

Singaporean billionaire entrepreneur and Valencia CF football club owner Peter Lim recently bought a 20% stake in theedgeproperty.com for an undisclosed consideration.

Maspex will next be held in Penang in August and in Kota Kinabalu in October.

Watch the video.

This article first appeared in The Edge Property pullout, on June 12, 2015.