I bumped into Bumiputera Property Exhibition 2011 (BPEX 2011) when I was visiting Malaysia 4th Chocolate Fair 2011 at Mid Valley Exhibition Centre (MVEC) a week ago. I didn’t know about this exhibition at all but I went in to have a look anyway. I was approached by a sales lady, so I was surprised since I thought that this exhibition was only for Bumiputera purchasers. She told me that “anyone can buy”. When I questioned her if that is the case, why is “Bumiputera” used? She said that it’s because all the developers are Bumiputera companies.
That made me even more confused when I visited more and more exhibitors. Sunway surely isn’t Bumiputera? Turns out that BPEX is a property exhibition for developers to sell off their Bumi lots (to Bumiputera only, of course), irrespective of the status of the developer. Of course, non-bumiputera could still purchase, just not at that special Bumiputera discount price. Duh!
I have visited quite a number of property fairs last year and although I am interested to have my own pad, I find it pretty difficult to decide where to buy. I am looking at Kuala Lumpur but where in particular? The area is so large and coming from Ipoh, I haven’t even heard of some townships, what with development pushing further away from the capital city.
Besides property highlights, how can any exhibition, particularly a property exhibition, be without its fair share of credit card sales booths? And I also managed to discuss with a Maybank mortgage consultant about my home financing problems. Apparently, Maybank offers home loan repayment period of up to 40 years and the minimum loan amount is RM100,000. Can’t we take out a lower home loan amount? Did you know that the current BLR is 6.30%? It’s expected to go higher later this year. Poor us! The good thing about Maybank Maxi Home Loan is its special fixed rate for the first three years. And it seems that we CAN pay off our housing loan as soon as we are able to without being penalised. In any case, I am still waiting for some news on the website of Cagamas Berhad, the National Mortgage Corporation, with regards to the Government’s home ownership initiative as announced in Budget 2010, ‘My First Home Scheme’ (Skim Rumah Pertamaku).
Anyway, at BPEX 2011, I managed to do what I love doing best; looking at property architectural models! There were so many, that I am now confused with the names of their developments! Gee….
Bumiputera Property Exhibition 2011 (BPEX 2011)
Pameran Harta Tanah Bumiputera 2011
Venue: Mid Valley Exhibition Centre (MVEC)
Date: 7th to 9th January, 2011
Time: 10:30am – 09:30pm
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