FIABCI’s “Malaysia Properties: Bubble or Boom?” seminar on July 24

KUALA LUMPUR: The International Real Estate Federation (FIABCI) Malaysian Chapter will be organising its eighth Smart Investment in Property Seminar themed “Malaysia Properties: Bubble or Boom?” on July 24 at Sime Darby Convention Centre in Kuala Lumpur.

According to a statement on Thursday, July 1, the seminar is aimed at prospective homebuyers and property investors to gain the latest updates of the property market, sufficient insights and confidence to implement proposed property investments.

The event's organising chairman Tengku Abd Aziz Tengku Mahmud said that the theme was chosen based on the local residential market's concern that it is heading towards a property bubble, given that some of the prime residential developments in the Klang Valley that were completed in recent years weren't fully occupied.

On the other hand, many Malaysian property experts are still confident that Malaysia properties will continue to boom or grow strong with little or no disruption in the property prices in view that major cities has depleting lands area for development or no oversupply of new properties.

Tengku Aziz believes that the theme is an exciting topic for the industry and participants to deliberate upon, with eight renowned property experts and speakers present in the Seminar.

The speakers including Dr Yeah Kim Leng and Kristina Fong of RAM Holdings Bhd, Dr. Zailan bt Mohd Director of National Property Information Centre and Datuk Michael Yam, the new President of Real Estate and Housing Developers’ Association Malaysia.