Luxury property expo targets RM300m sales

Property show organiser Exhibition Guide (M) Sdn Bhd is targeting its Malaysia International Luxury Properties Exhibition 2008 to generate sales of over RM300 million.

The event at the Kuala Lumpur Convention Centre, which began yesterday and ends tomorrow, showcases property projects by 60 local and international property developers.

Project director S.Y. Moey said over 15,000 visitors are expected to attend the exhibition.

To date, the company has organised more than 27 property exhibitions, with each registering average sales of about RM200 million, he said.
"At this exhibition, developers are showing their new high-end properties which we expect will attract more participants to this year's show," he said at the launching ceremony.

Moey said Exhibition Guide also planned to organise the exhibition annually to create a platform for local and international exhibitors.

"For 2009, we will travel around the world to promote this luxury property exhibition," he said.

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By Bernama