Penang, 21 December 2011 – The country’s No.1 property website, iProperty.com Malaysia, today joined forces with Real Estate and Housing Developers Association Malaysia (REHDA), Penang, to organize the first and largest property iProperty.com EXPO in North Malaysia. The signing ceremony was formalised by iProperty.com Malaysia’s Country Manager, Timothy Hor and REHDA Penang’s Chairman, Dato’ Jerry Chan Fook Sing.

The MoU between iProperty.com Malaysia and REHDA Penang will see both parties working together to organise the first and largest property EXPO in March 2012 in Penang. The partnership signifies both parties commitment to not only boost the property market but to also make Malaysia the preferred destination for foreigners to invest in.

The iProperty.com EXPO, with the objective to achieve an exhibit of over RM1billion worth of properties, will also be aimed at attracting qualified local and international buyers. It will also feature prominent developers, international property investment companies, real estate agents, asset managers, banks and insurance providers.

“iProperty.com Malaysia’s partnership with REHDA Penang offers us the perfect platform to showcase the beautiful developments in Penang. The property growth in Penang is set to soar with the construction of the Second Bridge Link and recently proposed third link – a 6.5km underground tunnel from George Town to Butterworth,” said Timothy Hor, Country Manager of iProperty.com Malaysia.

 He added that iProperty.com Malaysia’s investment in Penang is an affirmation of the company's confidence in the growth potential of the region and, with REHDA Penang as a partner; the company hopes to further contribute to the economic growth in Penang, which has been thriving over the last few years. Meanwhile, Dato’ Jerry Chan Fook Sing, Chairman of REHDA Penang said, “REHDA Penang is thrilled to have partnered with iProperty.com Malaysia to co-organise the iProperty.com EXPO as it was in line with the association’s objective to promote and co-ordinate the development of land and construction of buildings for residential, commercial, industrial tourism and other related purpose that will make a significant contribution towards the economic development of the country.”

 Adding on, he said that many foreigners, especially Japanese, Australian and British nationals, have invested in second homes on the island. Investing in property is very rewarding especially when done in Penang, as property prices tend to appreciate over a relatively short period of time. Both gentlemen said that locals and foreigners alike have never failed to fall for its idyllic, serene beaches and fast-developing state capital, George Town.

The iProperty.com EXPO, which is set to be organised in March 2012, will feature real estate specials and bargains, as well as deals aimed to reward rightful buyers with quality homes and lifestyle products officer by local and international brands.

This first and largest EXPO in North Malaysia aptly complements the government’s efforts to boost the property industry in Malaysia while showcasing the top-notch world class developments in Penang.