Weekly Industry News

Over 51 developers to showcase projects

Weekly Industry News

The three-day Home Ownership Campaign (HOC) 2019 expo which starts tomorrow will showcase real estate projects by top 10 developers listed on Bursa Malaysia, among others, and they will all offer a minimum 10 per cent discount to house buyers.

There will be a total of 51 private developers which are expected to showcase more than 20,000 units of residential properties that could easily be worth over RM15 billion.

During a media update on Monday, HOC organising committee chairman Datuk N. K. Tong said 26 developers will be offering 17,348 houses worth RM11.8 billion collectively at the property expo which will be held at the Kuala Lumpur Convention Centre.

Tong said another 25 developers are still tabulating the value and total number of properties they are planning to showcase at the expo.

Analysts said it is no surprise that developers, such as LBS Bina Group Bhd, Mah Sing Group Bhd, eco World Development Group Bhd and UEM Sunrise Bhd, would offer the highest number of units at the expo. LBS, which has set a RM1.5 billion sales target for this year, has most of its projects located in Klang Valley.

Media Title: New Straits Times

Date: 28 Feb 2019

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