19th National Real Estate Convention To Address Housing Industry Concerns

The upcoming 19th National Real Estate Convention 2008 (NREC), jointly organised by FIABCI Malaysian Chapter, together with co-organisers, The Institution of Surveyors Malaysia (ISM) and Associate of Valuers and Property Consultants in Private Sectors Malaysia (PEP), will be held at OneWorld Hotel from August 26 to August 27, 2008.

The timely NREC 2008, will serve as a platform to address current housing and estate concerns as well as to improvise strategies to overcome rising costs of housing industry.


Datuk Richard Fong who is President of FIABCI Malaysia and Group Executive Vice-Chairman of Glomac Bhd said "some developers are set to increase 30% of selling prices of houses, but other developers, may build smaller homes than the current size, to remain profitable". Datuk Richard also voiced concern over the cement price which has shot up more than 50% in the last 3 months and prices of the steel which has doubled to RM4000 per tonne compared to price 12 months ago.

Institution of Surveyors Malaysia immediate past-president Datuk S.R Abdullah Thalith Md Thani said "the current housing & estate scenario will serve as an opportunity for the industry to innovate the cost of building house, so as to reduce unnecessary wastage".

Organising Chairman of NREC, Mr Previndran Singhe, (who also holds the position of Group Chief Executive Officer and Founder of Zerin Properties) shared that the theme is appropriate as the current industry is facing a more complex market and is continuing to evolve rapidly, bringing great sophistication and diversification to the industry. For this coming NREC, a comprehensive and innovative programme has been drawn up to equipped key decision-makers, property developers, architects, valuers, estate agents, surveyor, planners, bankers to deal with local property market which is affected by sky-rocketing fuel prices and other rising cost of building materials".

This year's NREC 2008 is expected to attract over 600 high profile delegates from Malaysia as well as foreign counterparts and the launch will be officiated by Minister of Housing and Local Government Datuk Ong Ka Chuan. Also present at the event, was Dato'. Mani Usilappan.

The 19th NREC 2008 registration is priced at RM599 per person, which includes convention materials, tea breaks and lunch meals.