Experts to offer clarity on the property market at summit

PETALING JAYA (Dec 14): The Malaysian property market has been rather lacklustre these days as it remains soft. Owing to concerns over unsold units, the government decided to freeze approvals for certain property segments, alarming some while receiving kudos from others.

Hoping to provide some clarity on what lies ahead for the local property sector and what really needs to be done moving forward, the upcoming 11th Malaysian Property Summit has invited prominent experts in the country to provide their insights on the property market for 2018.

Organised by The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), organising chairman Michael Kong believes that with up-to-date and accurate information, as well as in-depth analysis of the available data by industry experts, the public in general and the property industry in particular will be able to make informed decisions about their real estate business and investments.

“The summit also hopes to address the current property overhang issue in a more systematic manner by giving pointed perspectives on the respective stratums, sectors and geographical locations as real estate is unique and not homogeneous in nature.

“Our carefully selected speakers are captains of the industry specialising in specific sectors of the market. They will be able to give a clear picture of the overhang issue,” said Kong, who is also the founder of MacReal International Sdn Bhd.

He added that PEPS is looking to host over 400 attendees for the 11th edition of the annual summit which will be held on Jan 23, 2018 at the Sime Darby Convention Centre in Kuala Lumpur.

EdgeProp.my is the official media partner and the event will be graced by Finance Minister II Datuk Seri Johari Abdul Ghani.

Among the guest speakers will be the director-general of the Valuation and Property Services Department (JPPH) under the Finance Ministry Nordin Daharom, PEPS president and CBRE|WTW managing director Foo Gee Jen, Knight Frank Malaysia managing director Sarkunan Subramaniam, Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo, Rahim & Co International Sdn Bhd research director Sulaiman Akhmady Mohd Saheh, PPC International Sdn Bhd executive director Mark Saw and international KGV Property Consultants Sdn Bhd executive director Samuel Tan.

There will also be sessions by TRX City Sdn Bhd CEO Datuk Azmar Talib and MCA Belt and Road Centre deputy executive chairman Datuk Joseph Lim.

Noting that the real estate industry is also being disrupted by technology, Kong added that summit speakers will also touch on the impact of digital transformation on the industry.

“Technology has changed the way we live, work and play. Breakthrough technologies are emerging at incredible speeds.

“Things like reversing paralysis, self-driving vehicles, facial recognition technology, practical quantum computers, botnets and others are transforming humankind as we speak. And inevitably, real estate as we know it will also be affected,” he added.

For more details on the summit, go to www.peps.org.my.

This story first appeared in EdgeProp.my pullout on Dec 15, 2017. Download EdgeProp.my pullout here for free.