Bumiputera Property Exhibition 2005 Kuala Lumpur
The Bumiputera Property Exhibition 2005 KL is on at the moment until Sunday, September 11 at the Mid Valley Megamall.
This event is jointly organized by KL City Hall (DBKL) and the Real Estate and Housing Developers’ Association, Wilayah Persekutuan Kuala Lumpur branch (Rehda KL), and will focus on selling available to Bumiputera buyers.
This event received coverage from the local Property Times (NST), which reports:
“It will also help DBKL monitor demand from Bumiputera purchasers. Participating developers are putting in all their effort to ensure their Bumiputera units are sold,” said Rehda KL secretariat spokesman Soon Teck Giap.
It also notes that:
If there are still unsold Bumiputera units after the exhibition, DBKL will have the final say on how the Bumiputra housing quota for KL can be fulfilled, and whether the units not taken up can be “released” to the general public.
Rehda KL has also submitted a proposal to DBKL to streamline the existing guidelines on Bumiputera housing quotas to include a “structured release mechanism” so as to allow for automatic release of unsold Bumiputera units, provided all other DBKL requirements are met.
“Rehda KL is fully supportive of DBKL’s efforts in looking into ways to improve the existing situation on the release of unsold Bumiputera quota units. Our proposal will create greater efficiency that will help the developers considerably,” Soon said.
More than 30 major developers, including Tan & Tan Developments Bhd, See Hoy Chan Sdn Bhd, Bukit Kiara Properties Sdn Bhd, Asia Pacific Land Bhd, Bolton Bhd and Sunway City Bhd, are taking part.
You can check out REHDA’s website on this event here.
