Malaysian Property Summit to offer 'real' insights on the property market

KUALA LUMPUR (Sept 24): A line up of industry experts will share the real picture of the current property market as well as their insights on the future at the 13th Malaysian Property Summit (13MPS) to be held on Oct 13, 2020 at Sunway Pyramid Convention Centre. The summit will cover all main sectors of the property market.

“Findings of the important subjects covered by the summit will be compiled and presented to the government for their consideration. This year, we target to have 450 attendees,” organising chairman for 13MPS Subramaniam Arumugam said in a press conference today.

The summit themed “Property Market Outlook for 2020-Beyond Covid” is organised by the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), while is the official media partner for the event.

The 13MPS was originally scheduled to be held on Feb 26, 2020, but was postponed twice due to health concerns brought by the Covid-19 pandemic.

Managing director of CBRE|WTW Foo Gee Jen who is also a speaker at the summit, hoped that the 13MPS would offer a chance for property market stakeholders from a diverse background to engage with each other and look for fresh ideas and solutions to current issues faced by the market.

“In line with the topic of the summit, we are looking beyond Covid-19 and into the future of the industry,” he added.

The summit is opened to all members of the public, particularly developers, analysts, bankers, economists, investors, fund managers, accountants, property consultants, estate agents and other parties related to the property industry.

“The summit speakers are real market practitioners who are able to provide first-hand views on what is exactly happening in the market and their insights,” VPC Alliance (KL) Sdn Bhd managing director and an executive committee member of PEPS James Wong said.

PEPS executive committee member and Khong & Jaafar Sdn Bhd managing director Elwin Fernandez said that investors are looking for alternative investments apart from bond and stock markets, and this is an opportunity for the property market.

Nonetheless, he pointed out that the Malaysia property market still has many issues to address, such as high over supply, high cost of development as well as lack of market transparency.

Speakers of 13MPS will include Director General of the Valuation and Property Services Department (JPPH) under the Ministry of Finance Malaysia Sr A’zmi Abdul Latif, Rahim & Co International Sdn Bhd director of research Sulaiman Akhmady Mold Saheh, Knight Frank Malaysia executive director of corporate services Teh Young Khean, Foo, Real Estate and Housing Developers’ Association (REHDA) Institute chairman and Malaysian REIT Managers Association (MRMA) chairman Datuk Jeffrey Ng as well as Jones Lang Wootton (JLW) executive director cum head of research and consultancy Malathi Thevendran.

Meanwhile, panellists include Socio Economic Research Centre (SERC) executive chairman Lee Heng Guie, Sunway Property general manager for business development Clement Chen and Khazanah Research Institute Director of Research Suraya Ismail. 

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