MALAYSIA MY SECOND HOME (MM2H) NATIONAL DIALOGUE
20th to 21st March 2010 at the Penang International Sports Arena

The Penang Tourist Centre together with Penevents Sdn Bhd is pleased to announce that the Malaysia My Second Home (MM2H) National Dialogue will be held in Penang on 20th-21st March 2010. The event is endorsed by the Ministry of Tourism with the support of Tourism Malaysia & the MM2H Agents Association Malaysia. The Organizing Committee for the event is chaired by Dato’ Syed Mohd Aidid Syed Murtaza and will give the stakeholders in the MM2H program including applicants, MM2H residents, MM2H agents, developers, tourism industry and all related parties a chance to share ideas, issues, suggestions & feedback.

Given the long relationship between the Penang International Property Expo (PIP) since 2006 and the promotion of the Malaysia My Second Home (MM2H), it was deemed ideal to organize a MM2H National Dialogue to be held on 20th to 21st March 2010, concurrently with PIP2010. The meeting also recorded its appreciation for the Ministry’s recognition of Penang’s prominence in the MM2H value proposition to potential participants by hosting the MM2H National Dialogue in Penang.

We have targeted between 150 delegates to attend this event.

The event will also feature national & overseas MM2H agents, foreign media coverage, tours to selected property developments as well as familiarization with supports facilities for education, healthcare & recreation.

Public Sectors

1. Y.Bhg. Dato' Dr. Ong Hong Peng, Secretary General, Ministry of Tourism Malaysia
2. Ms. Lai Shevren, Director, Malaysia My Second Home Centre, Ministry of Tourism Malaysia
3. Puan Kausar Kassim; Deputy Director, International Marketing,MTPB

Private Sectors

1. Mr. Kirby S.S Lim, Chairman of Malaysia My Second Home Agents Association
2. Mr. Marco G. Battistotti, Chairman of MAH Penang Chapter
3. Mr Lawrence Koay, Managing Director, TOUR & INCENTIVE TRAVEL SDN BHD
4. Dato’ Dr. Chan Kok Ewe, Chairman of Penang Health Group
5. Dato’ Dr Kenny Ong, Group Executive Chairman, MTT Properties & Development Sdn Bhd
6. Dato’ Syed Mohd Aidid, PIP10’ Organising Chairman and Chairman of PTC Bhd
7. Mr. Ong Ban Seang, PIP10’ Event Director and Managing Director of Penevents Sdn. Bhd.
8. Mr. Michael Geh, Event Director & Senior Partner of Raine & Horne International
9. Mr. Shotaro Ishihara, Director, Tropical Resort Lifestyle Sdn Bhd

Penang International Property Expo 2010 to exhibit RM 3.5 billion projects

Over its 5 year history, the Penang International Property Expo 2010 (PIP2010) has managed to grow into the largest dedicated property showcase in the Northern Region of Malaysia. The event is organized by PIP Creation Sdn Bhd with the support of Raine & Horne International & Penevents Sdn Bhd. This year, PIP 2010 managed to garner strong support from major players in the Malaysian property development scene, namely Sunway City, Mah Sing Group, SP Setia, MTT Properties, Ivory Properties and many more. The gross development value (GDV) of the projects on offer this year exceeds RM 3.5 billion.

Event Director Mr Ong Ban Seang recently commented that this year’s event would be different from the past as they moved from a local consumer base to a more regional & international nature.

Ong said “We are reaching out through various channels including national news media, international publications & the Internet to reach a growing audience of investors interested in Malaysia, and Penang in particular. We even have Malaysia Property International (MPI) joining in the show this year to help spur the international interest in Penang properties. This is essential as Penang developers now increasingly build projects costing in excess of RM 1 million per unit. They need to reach a more international, affluent market located all around the Asia Pacific region.”

He added “Members of related professional bodies such as the Penang Bar Committee, Pertubuhan Akitek Malaysia (PAM) Northern Chapter, Institute of Surveyors Malaysia (ISM), Institute of Engineers Malaysia (IEM), Institut Bank-Bank Malaysia (IBBM) Penang Branch, Real Estate & Housing Developers Association (REHDA) had been invited for hosted visits to the Expo. This is to add the professional & trade element to the Expo.”

This year, the Malaysia My Second Home (MM2H) National Dialogue would be held in Penang concurrent with PIP 2010 on 20th March 2010. The dialogue would feature the update by the Secretary General of the Ministry of Tourism on MM2H issues. It would also serve as a useful forum for those interested in MM2H or serving as agents for MM2H to get first hand information from the Ministry’s MM2H Centre Director. This serves to recognize the major role of MM2H participants in driving the demand for Penang properties, especially at the high end of the spectrum. In addition, many international participants from overseas including media & agents would be brought in to attend the dialogue as well.

The Malaysia Institute of Estate Agents (MIEA) will be organizing the inaugural Penang International Property Forum featuring speakers from Singapore, Indonesia, China & Malaysia presenting their views & predictions on the property markets in Asia in the coming years. The forum would take place on 19th March 2010 and be open to members of the property trade in Penang & beyond who are interested in industry developments & trends.

The Expo is supported by the Penang State Government and it aims to promote both affordable housing for Penangites, as its corporate social responsibility as well as promoting signature developments that underline Penang’s aspiration to be an international city, a habitat of choice for the region’s movers & shakers.

Issued by PIP Creation Sdn Bhd/cg

Penang International Property Expo 2009 (PIP’ 09) on 27th to 29th March 2009 in Penang International Sports Arena (PISA)

The 4th Edition of Penang International Property Expo 2009 (PIP’09) will see the launch of the inaugural PIP Property Network evening which will be held immediately after the official opening ceremony on Friday 27th March 2009 at 4.30 pm. The Property Industry Network evening will have a special address by YB Wong Hon Wai; State Executive Councilor for Housing, Town and Country Planning and attended by the ‘who’s who’ in the property scene and trade professionals such as architects, engineers, surveyors, planners and invited lawyers, bankers and the business community. The key players present would be PIP exhibitors which comprise a wide range of property developers and genuine players in the related property scene.

To date 40 exhibitors have signed up for Penang International Property Expo 2009 (PIP’09) – including those who have been with the event since PIP’06.

Penang International Property Expo 2009 (PIP’09) will again accentuate PIP Expo stature as the annual property showcase of Penang. More so in the current period of economy uncertainties, the developers and public alike will be geared to explore winning strategies and opportunities at the expo. Visitors can expect innovative and creative offers at Penang International Property Expo 2009 (PIP’ 09) with many developers coming up with numerous exemptions such as free legal fees and the need to pay only 10% deposit until the full completion of the property. At the series of talks held at the expo - some has rightly so, focused on strategies to face the uncertain time including a Feng Shui Talk entitled “Creating Opportunities in Difficult Times”.

Apart from the talks, the forums organized in conjunction with PIP’09 have always been much sought after affairs. The forum on Malaysia My Second Home (MM2H) will be on Saturday 28th of March 2009 while the forum on the ‘Implications of Georgetown World Heritage Listing on the Real Estate Market’ will be keenly followed. Most of the role players in the forums are well known personalities, moderated by none other than Dato’ Kee Phaik Cheen for the Malaysia My Second Home (MM2H) forum and YB Wong Hon Wai for the forum on the ‘Implications of Georgetown World Heritage Listing’

Visitors to the Expo will have more than what they can bargained for. Door gifts are given to early visitors daily – which will in turn entitle them to lucky draws which will have on offer RM10, 000 worth of prizes. Another Penang International Property Expo 2009 (PIP’ 09) highlight will be the MNP Auction – where 50 properties will come under the hammer and 300 will be on exhibit. During the Expo, delegates from Real Estate Indonesia, Sumatera will visit the Expo and present a talk as well on 27th March 2009, while the FIABCI Regional Summit delegates will be in Penang International Sports Arena (PISA) on 29th March 2009 including participating in the ‘The State of The Property Market’ Forum.

Another ‘first’ introduced in Penang PIP’ 09 will be the special invitations made to the Committee of Selected Members of Trade and Professional Bodies in Penang. They include the Persatuan Arkitek Malaysia (PAM), Institute of Engineers Malaysia (IEM), Institutte of Surveyors Malaysia (ISM), Bar Council, Association of Banks, Penang Heritage Trust (PHT), Malaysian Institute of Planners (MIP) and Malaysian Institution of Estate Agents (MIEA). As a buildup to PIP’ 09, a PIP Property Treasure Hunt will be organized on Saturday 21st March 2009 where 50 cars including 3 groups of hosted pressmen will scout for treasures at selected project sites and offices of the participating exhibitors of PIP’ 09.