MBA Seminar#3 focuses on property outlook in the era of new normal

During the panel discussion

To enhance public awareness about property outlook under the era of the new normal and to provide a platform for a mutual exchange of views, information and knowledge, UTAR Faculty of Accountancy and Management (FAM) organised MBA Seminar #3 on 30 November 2022. The seminar was sponsored by Eco World Development Group Berhad.

Dr Sia sharing her welcome remark

FAM Dean Dr Sia Bee Chuan welcomed the guests and participants to the seminar. She said, “I am happy that we brought speakers from developer firms and associations such as REHDA, Eco World, etc. Affordable housing is always the centre of debate in our housing policy. While policymakers and various stakeholders are working closely to address this issue, it is crucial for us to prepare ourselves and have a plan for securing homeownership.”

Dr Sia advised, “Today, we are fortunate enough to have speakers who will share their tips on securing homeownership with our audience. I hope that the audience, especially students, can benefit from this sharing and plan for your first home. Get a shelter for yourself while embarking and achieving great success in your career.”

The nine speakers and moderator

Front row, from left:  Wong, Shawn Foo, Tiong, Cheryl Chan and Clement Liaw

Second row from left: Liow, Lim, Shirley Ho, Magdelyn Ong and Wong

A total of nine speakers spoke at the forum. They are currently students taking up Master of Real Estate Development (MRED) programme at UTAR. They are Senior Manager of Industry Affairs of REHDA Malaysia Shirley Ho, Manager of REHDA Selangor Cherly Chan, Manager of REHDA Youth Magdelyn Ong, Managing Director of TPK Park Group Wong Shung Yen, General Manager of Eco World Development Group Berhad Tiong Siow Yin, Assistant General Manager of Eco World Development Group Berhad Liow Chee Haw, Senior Manager, Sales & Marketing of Eco World Development Group Berhad Clement Liaw, Chief Development Officer of Real Trend Group Lim Kok Kuan and Master of Real Estate Development programme student Shawn Foo. The forum was moderated by Promenade Assets Sdn Bhd Business Development Manager Wong Wee Chez, who is also MRED alumni.

 

From left: Dr Sia presenting souvenirs to Tiong

Panel Discussion 1 saw Shirley Ho, Cheryl Chan, Magdelyn Ong and Wong sharing their insights on the topic “Future property trends”. They discussed the overview of property contribution; the annual growth of economic sectors; the new trends in residential demands; government-driven initiatives; smart home – smart lock; the shift in buyers’ preference; affordable housing in Selangor; affordable housing scheme; Rumah Selangorku (RSKU Policy); property prices and many more.

Panel Discussion 2 saw Lim, Clement Liaw, Tiong, Liow and Shawn Foo discussing “Road to homeownership”. They spoke about types of properties (residential title properties, commercial title properties); individual title and strata title; property searching; comprehensive market study; good habiting habits; how much it costs to own a house; ways to apply for a housing loan; types of financing; summary of bank loan offers and packages; debt service ratio (DSR) calculation, pros and cons of sub- sales property; government incentives, etc.

The forum ended with a Q&A session.

Speakers and participants