A Summit to Survey


The success of Penang Property Summit 2015 and 2016 makes this year’s event much anticipated by both the property industry and the general public.

Property is always a hot topic in Penang. Attractive developments and emerging trends capture the attention of potential house buyers.

The Penang Property Summit is therefore taking place at a very opportune time on March 10-12 at Gurney Paragon Mall. Now in its third year, the summit, a collaboration between the State Housing Committee and PenEvents, has core values that lie in its integration of trade events and consumer expo. The trade components of the summit this year consist of a one-day round table conference for key public officials and principal stakeholders, a daily seminar for would-be house buyers, a premier lecture series, and public talks by prominent speakers on topics such as “Feng Shui, and issues related to high-rise living”.


Jagdeep Singh Deo.

“This event, in particular the Penang International Property (PIP) Conference, has become a much sought-after forum for industry players and key public officials to network and broaden their knowledge on the property industry,” says Jagdeep Singh Deo, State Executive Councillor and Chairman of the State Housing Committee.

The one-day closed-door conference, attended by the “who’s who” of the industry, has churned out a number of deliberations and proposals in previous years, which were successfully implemented by the state government as policies and measures. Another highlight of the PIP conference is Chief Minister Lim Guan Eng’s keynote address; much of what he says is seen as initiatives and pointers to state policies and regulations.

Among the topics that are planned are an update on the Penang Transport Master Plan (PTMP) by Senior State Executive Councillor Chow Kon Yeow; prospects of property development in mainland Penang by Datuk Maimunah Sharif, President of Municipal Council of Seberang Perai, and Datuk Rosli Jaafar, General Manager of Penang Development Corporation (PDC); prospects of property development in George Town World Heritage City; and a panel on the prospects for the recovery of the Penang Property Industry in 2017.

“Taking cognisance of the current challenges facing the industry, I do hope the industry players and stakeholders, in particular the developers, will participate vigorously in the conference and give input and views on the property exposition,” says Jagdeep.

“Penang is the only state government that organises regular forums for stakeholders to meet with the public,” adds Ong Ban Seang, Event Director of Penevents.

On top of that, seminars for house buyers, making their launch this year, are open to the public free of charge, albeit on a registration basis limited to the first 100 registrants. Topics of the seminars include application procedures, financing purchase and what to look out for before purchasing a house; the aim of the lectures is to boost the confidence of attendees in making a choice purchase.


Last year's edition of the Penang Property Summit.

But perhaps the centre-piece of the summit is the PIP Premier Lecture Series. Debuting in 2016 but further enhanced this year with wider ranging topics currently much discussed in the public realm, prominent speakers – including state executive councillors, prominent public officials and developers – will touch on key issues such as Penang’s development and new frontiers of development in the state; potentials in new growth centres are Balik Pulau and the mainland. Other contemporary topics include the PTMP, the Malaysia My Second Home (MM2H) programme and the implications of the manufacturing sector on property growth.


Last year's edition of the Penang Property Summit.

Each of the six lecture series will have 100 VIP invitees drawn from the corporate sector, trade associations, professional bodies and the 2,000-odd MM2H residents in Penang. By extension, all the invitees for the premier lecture series are potential property buyers and/or promoters of the PIP properties on show. While attendance is by invitation, the public may also attend the lectures.

The summit is incomplete without the PIP Property Expo, the 16th in the series since 2006. The expo, showcasing stylish living, will comprise seven major booths featuring the best Penang can offer in terms of properties noted for quality, choice location and attractive pricing.


Ong Ban Seang.

There will also be an affordable housing section featuring a wide range of projects under this category by both public and private sector developers, including units exempted from the usual restrictions. For the convenience of the public, the State Housing Department will conduct a registration exercise for those interested in low cost/low-medium cost and affordable housing. Those who have registered may also take this opportunity to update or check on the status of their registration.

It’s not all just lectures and conferences; also in the programme are crowd-pulling events such as public speaking competitions, a charity auction by the Penang Rotary Club and others.

What sets the Penang Property Summit apart has to be its synergy of trade programmes and its property expo. Attendees of the conference, seminar and premier lectures are also prospective buyers and promoters of the properties on show, and add value to the marketing slant of the expo. That, combined with hot topics planned for discussion, guarantees that the summit, as it has been for the past two years, will continue to remain relevant and important to Penangites from all walks of life.

The Penang Property Summit takes place on March 10-12, from 10am to 10pm, at Gurney Paragon Mall (Level 1). For more details, visit their website at www.pipsummit.com.my.

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