HOME SALES REMAIN ENCOURAGING - TA GLOBAL

KUALA LUMPUR, April 27 (Bernama) -- Real estate company TA Global Bhd is still recording encouraging sales for most of its projects under development despite the current challenging market environment amid the rising cost of living.

Chief operating officer of property development and asset management Lee Yen Foong said rising property prices due to inflationary pressure on the prices of building materials do not restrain Malaysians’ desire to own their dream house.

“It’s only a matter of finding the right property for yourself, according to your budget, and how you are going to achieve that goal, you know, by selecting the property that suits you based on the size of the unit, the location, for investment or for personal stay. 

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“So, I think the homebuying desire is still very strong. People are now looking more towards buying a house where they could stay in or to upgrade their property,” he told a press conference after the launch of the OpenHouse application here today.

He also believed the nation could overcome the current challenges by having all developers working to come up with products that really can meet the purchase demands.

OpenHouse is an artificial intelligence (AI)-driven application developed by OpenMinds Resources in collaboration with TA Global to provide first-time homebuyers with access to exclusive listings and customised recommendations of housing projects. 

OpenMinds Resources technology director Jan Wong said the app would help to enhance the entire ecosystem of real estate buying and selling filling the gap with their AI technology, map and all the news about the property projects curated for buyers.

"For now, we have over 200 projects mainly focused around the Klang Valley location as we noticed this region as one of the hotspots across Peninsular Malaysia in property buying and investment.

"This year we aim to list not less than 1,000 projects in Malaysia in the OpenHouse app before going into other regions outside the country," he said.

-- BERNAMA