Kota Kinabalu: The upcoming three-day annual property exhibition – PropEX 2025 – organised by Sabah Housing and Real Estate Developers Association’s (Shareda), will showcase 7,702 units of properties worth RM7.54 billion from Sabah and the peninsula for sale.
Shareda President Datuk Johnny Wong Chen Yee said 54 exhibitors are involved in the event from Friday comprising 26 property developers and real estate agents constituting almost half of them followed by 23 exhibitors from other industries such as paint, roofing, home furniture and appliances, and solar, among others, and five exhibitors or 9pc among banks, financial institutions and insurance.
He said Sabah continues to lead with RM5.88 billion worth of properties involving 5,250 units, while peninsula-based developers are making a stronger presence this year with RM1.66 billion worth of offerings covering 2,452 units.
“This is a significant increase compared to last year of 6,788 units worth RM6.02 billion in our PropEX 2024.
“In 2024, peninsula exhibitors only contributed RM400 million. This year, they are bringing in RM1.66 billion worth of projects. It looks like the peninsula market is beginning to see Sabah as an important platform.
“While Sabah’s property value also rose compared to 2024, from RM5.63 billion to RM5.88 billion, reflecting continued growth in the state’s real estate market,” he said.
Speaking this at a press conference on the Shareda’s PropEX 2025, themed “My Perfect Home”, here Monday, Johnny said commercial units lead the listings this year with 3,200 units, followed by 2,413 units of condominiums, 1,492 units of apartments and 530 units of landed homes including double-storey terraces and semi-detached houses while smaller segments include 56 shop offices, seven shophouses and four factory or warehouse units.
“Every year, Propex offers a very comprehensive range of property types for purchasers to select from, and this year is no different,” he said.
As for target sales, Johnny said they hoped to hit at least about 30% to 40pc of the units, which he believed is achievable.
“Of course, we hope to sell as many as possible. Currently, the market is a bit challenging, but we are optimistic this year.
“So when you want to have a perfect home, which is the right timing, I would say this year is the right timing. As I mentioned, the SST is already enforced now, so the impact will definitely be there for next years to come,” he said.
