From the 13th to the 16th of September 2014, Publika Shopping Centre in Kuala Lumpur welcomed the iProperty Expo. Knight Knox International, although never having attended this show before, made a great number of sales at the event to Malaysian investors who were attracted to the regional locations and high standards of the properties on offer.
Knight Knox International has already noted the vast amounts of people property exhibitions in shopping centres attract and with the Publika Shopping Gallery being located in Kuala Lumpur city centre, the show was easily accessible and very popular. Whilst the high footfall of the event can make finding those serious about investing more challenging, it is also a chance to spread the Knight Knox International brand name and promote the premise of property investment to those who might not have previously thought of investing.
The returns regional locations offer can even beat the capital!
The Knight Knox stand saw an almost unparalleled popularity over the three long days. Starting at 10am and finishing twelve hours later at 10pm the show was accessible to every schedule. Plus the international sales team’s great amount of experience pitching Britain’s best student accommodation and buy-to-let opportunities meant in total, the team made five sales at the event, with numerous clients to follow up with after the event. The apartments sold were in both Liverpool and Manchester, proving that the returns regional locations offer can beat even the capital’s strong reputation.
It is no surprise that Britain’s property market is so appealing to Malaysians as the country’s own property market is suffering. The Malaysian government has recently introduced new restrictions on buying accommodation, plus a new tax on certain properties is set to come in next April. In a survey by the Real Estate and Housing Developers’ Association Institute only 13% of Malaysian property developers felt optimistic about the market’s outlook in 2015.
Others point out that Malaysia’s property sector is cooling off as an oversupply of housing means as much as 50% of units launched this year were not sold within a six month period. Britain, however, is currently facing a drastic undersupply of housing and accommodation. To meet the rising population it was estimated by the last Labour government that 240,000 new houses will have to be built each year.
Missed us at the iProperty Event? From the 3rd-6th of October the company is looking forward to attending ‘A Place in the Sun Live’ at the NEC Birmingham.