Kota Kinabalu: Thien Vun Su took home a BYD Dolphin electric car as the lucky draw grand prize winner for the Sabah Housing and Real Estate Developers Association’s (Shareda) Property Expo (PropEX) 2024.
He was selected from some 100 eligible property buyers during the four-day expo at SICC which closed on Monday.
However, Thien must finalise the paperwork for his purchase of a Q Suite unit at Jesselton Quay within 90 days or forfeit the prize.
“Don’t underestimate those who come wearing a shirt, short pants and slippers,” said Shareda President Datuk Sr Chua Soon Ping.
The expo attracted 59 exhibitors and vendors who put up a total of 86 booths. Total exhibited properties were worth RM6.04 billion.
Shareda Deputy President Datuk Johnny Wong Chen Yee, in his closing speech, said it was a glaring signal that the confidence in the local economy has returned with roaring momentum.
“Based on our data and total participation, the outlook of the property market is moving forward.
“We have been collectively recovering from tumultuous years of the pandemic and soaring construction material prices.
“Finally, the market has settled down and we are looking forward to the growth of our economy, hence the demand for properties,” he said.
Johnny said with the impending launch of Sabah-MM2H, Sabah will be put on the map for one of the most liveable environments due to its natural environment and resources.
“The scheme will spur the growth for residential property demands as more foreign investors look to obtain a residence here,” he added.
A ripple effect with the increase in demand for residential properties, he said, would lead to the eventual increase in demand for commercial properties.
Johnny attributed this to the success of Sabah Chief Minister Datuk Seri Hajiji Noor in developing the industrial economy, subsequently creating jobs and income for locals to afford their dream homes.
Officiating the closing ceremony was the Industrial Development and Entrepreneurship Ministry’s (MIDE) Public Relations Secretary Amos Thien Tze Tin, representing Minister Datuk Phoong Jin Zhe.
He said the collaboration between the private property sector and the State Government is indispensable for the holistic development of Sabah.
“By working hand in hand, we can ensure that development projects are aligned with the Sabah Government’s urban planning initiatives, environmental sustainability goals and the overall vision for inclusive growth.
“The private sector’s expertise in innovative design and efficient project execution complements the State Government’s role in providing infrastructure, frameworks and public services.
“Together, we can create vibrant communities that not only meet the housing needs of our residents but also enhance connectivity, promote greener spaces and foster a conducive business environment.
“This synergy not only attracts further investments but also cultivates a sense of ownership and pride among our citizens in shaping the future of Sabah,” he said.
Moreover, he said, the influx of tourists into Sabah, particularly Kota Kinabalu and Semporna, further stimulates job creation and business opportunities across the State.
“The multiplier effect not only bolsters the local economy but also contributes significantly to Sabah’s overall GDP.
“The positive sentiment generated by foreign investments not only attracts additional resources but also catalyses local entrepreneurship and investment in our communities,” he said.
