7 August 2008 - An impressive A$130 million worth of properties was transacted at the iProperty.com EXPO “The Luxury Collection” (www.iproperty.com/expo), which was organised by the iProperty.com Group (www.iproperty.com), Asia’s No. 1 network of online property portals owned by IPGA Limited (ASX: IPP), www.ipgalimited.com.
The exhibition, which is the largest luxury property exhibition ever to be held in Asia, was a phenomenal success. Vast amount of transactions were done at the event, which attracted high net worth individual and institutional investors from all over the world.
The iProperty.com Expo, which achieved 100 percent booth occupation three weeks before the event, is a truly International platform for developers to market projects to high net-worth locals and foreigners. The exhibition, which took place from 25 to 27 July at the Kuala Lumpur Convention Centre (KLCC), Halls 4 and 5, featured over A$6.7 billion worth of the finest local and international luxury real estate by over 100 exhibitors.
Exhibitors were extremely impressed with the big crowd of genuine local and international buyers, who were all eagerly seeking investment opportunities. The international buyers, who travelled here especially for the event, came from 70 countries, including Singapore, UAE, India, Hong Kong, Ireland to name a few.
Said Patrick Grove, Executive Chairman of IPGA Limited: “iProperty.com Expo has established itself as a B2B and B2C platform where individual and institutional investors from overseas come to survey property from Malaysia and the world. Fund managers were seen talking to alternate investment opportunities like wine and palm oil investment scheme which some have never heard of previously.”
“The Expo serves as an important marketing and branding platform for Malaysian developers to effectively reach out to a large pool of high net worth local and international homebuyers and investors. With over 20 percent of the exhibitors from overseas, this is also an excellent avenue for overseas developers to market to local Malaysian investors as well as investors from across the region who have congregated here for the Expo,” he added.
The Expo’s exceptional success is also largely attributed to the huge boost given by aggressive promotional activities across iProperty.com Group’s network of websites. Its network of websites includes leading property portals in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines. It also received strong support from international media partners.
The iProperty.com Expo, themed “International Collection” will be held in Singapore at the Suntec Singapore International Convention and Exhibition Centre from 21 to 23 November, 2008. As part of the group expansion plan, the iPropery.com Expo will make its appearance again in Hong Kong 14 to 15 March next year.
For more information please contact:
Patrick Grove
Executive Chairman
IPGA Ltd
Mobile: (60) 12 269 4977
Mobile: (65) 96690369
Email: pg@iproperty.com
Cynthia Chan
Company Secretary
IPGA Ltd
Tel: (613) 9691 4900
Fax: (613) 9600 1500
Email: cchan@beconwood.com.au
About IPGA Limited (www.ipgalimited.com)
Listed on the Australian Securities Exchange, IPGA Limited (ASX:IPP) owns Asia’s No. 1 network of property websites under the iProperty.com umbrella brand. The Company is focused on developing and operating Internet-based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong, Taiwan and the Philippines. With further expansion planned, IPGA is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.
Recently, the Group made history by winning the highly prestigious CNBC Asia Pacific Property Awards in the “Best Property Portal” category for 4 of its websites Malaysia (www.iproperty.com.my), Singapore (www.iproperty.com.sg), Hong Kong (www.gohome.com.hk) and Philippines (www.iproperty.com.ph).
IPGA Network:
Singapore: iProperty.com Singapore
Malaysia: iProperty.com Malaysia
Hong Kong: GoHome.com.hk and House18.com
Taiwan: VRHOUSE.com.tw
Philippines: iProperty.com Philippines
Events: iProperty.com EXPO
Luxury: iLuxuryasia.com
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