Property Good to Buy Even After GST

Posted on: 2014-11-25

KUALA LUMPUR: The post-GST period will be a good time to buy properties, says IQI Holdings Sdn Bhd's Alexander Woo, the first speaker at the Star Property Fair 2014.

"When GST comes into place, a lot of buyers would want to let go of their units, which means it's then a buyers' market," he said in his talk, entitled The Mindset Of Savvy Investors.

According to REI Group of Companies' CEO Dr Daniele Gambero, Budget 2015 opens more windows for property developments that focus on the economic stability and sustainability of our country.

"The infrastructure growth will further enhance the property development sector, and the property value is expected to either double or triple in the coming five years," he said.

For Datuk Abdul Razak Abdul Ghani, Group First International Sdn Bhd's managing director, the two main reasons for investing in real estate are for capital appreciation and residual income. In his talk, titled Better Business Inspired Investment, he cited self-storage units and car parks as two popular options that people in the United Kingdom could invest in, as these prove to be easy to manage and provide high yields in the long run.

Tropicana Corporation Bhd has an elaborate booth highlighting its prestigious developments.

According to executive director of marketing and sales Pam Loh, the company's DNA is the result of its experience from its Tropicana Golf & Country Resort.

The beneficiaries of its vision are Tropicana Metropark, a mixed high-rise development in Subang Jaya, Tropicana Heights in Kajang and Tropicana 128 Macalister in Penang.

UEM Sunrise, as the master developer of Nusajaya, is promoting four developments - Bayu Angkasa and Ophiria as well as Puteri Harbour's Estuari and Almas.

Siti Mariam Mohd Desa, UEM Sunrise's chief marketing officer, reiterated Nusajaya's superiority as "the Asia Regional City", which will also host a development called EduCity that brings together institutions such as Southampton University, Reading University and Newcastle University, along with Raffles University Iskandar and Marlborough College.

"Parents across Asia are registering their children at these colleges and universities, and this is set to boost residential property demand," she said.

Areca Holdings' sales and marketing general manager Jenifer Chow highlighted its recent launch in Cyberjaya.

"The key selling point for Areca Contempo Homes is the spot-on location in a place which is not only an IT hub, but also an education hub," she said.

The final day of the fair at the Kuala Lumpur Convention Centre is from 11am to 7pm today.


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Source From: http://www.thestar.com.my/News/Nation/2014/11/23/Property-good-to-buy-even-after-GST-With-tax-in-place-it-will-create-buyers-market-says-expert/

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