MAPEX 2016 – Perak’s Largest Property Expo

 

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The MAPEX 16 Press Conference was held on 15 June 2016, organised by Ir. Loh Ban Ho, Chairman of REHDA Perak and Managing Director of Mansion Builders Sdn Bhd. The event introduced the Malaysia Property Exhibition (MAPEX) 2016, scheduled from 29–31 July 2016 at Ipoh Parade, showcasing over 20,000 property units worth RM5 billion across 49 booths.

As the state’s largest property fair, MAPEX 2016 brought together developers from Perak, Selangor, Penang, and Cameron Highlands, providing housebuyers with a convenient platform to compare prices, explore options, and invest in residential and commercial properties. Attendees could choose from semi-detached homes, single-storey, and double-storey houses, while first-time buyers had the opportunity to learn about the MyDeposit First House Deposit Financing Scheme, available for households earning between RM3,000 and RM10,000.

During the press conference, Ir. Loh Ban Ho highlighted that last year’s fair featured 45 booths with RM4.4 billion worth of properties, generating RM20 million in sales transactions. He also noted that 70% of the booths had already been booked within two weeks of opening, with booth rental prices significantly lower than MAPEX Kuala Lumpur, ranging from RM3,000–RM4,000.

Perak’s Five-Year Development Plan & Vision 2020

The press conference also emphasized Perak’s five-year development plan, aligned with the 11th Malaysian Plan, aimed at revitalizing Ipoh—the historic “City of Millionaires”—and strengthening infrastructure, education, and investment opportunities. Key initiatives include:

Infrastructure & Transportation

  • Highways: West Coast Expressway (172 km), providing an alternative to the congested PLUS Highway

  • Ports: Rungkup Terminal City (1,638 hectares) with integrated sea transport facilities and coastal terminals; Lumut Port; Ipoh-Singapore air links

  • Rail Links: Kampar, Batu Gajah, Ipoh, Sungai Siput

  • Bicycle & Pedestrian Lanes

Urban Development & Education

  • Ipoh Sentral Project: Redevelopment of Kinta Valley’s Golden Triangle

  • Universities: UTAR (Kampar, 2002), UTP, UTM, UCSI (Bandar Seri Iskandar), SEGI University (Ipoh, 2016)

  • Shopping & Retail: 70 existing complexes, including Kinta City, AEON Station 18, Ipoh Parade, AEON Klebang; new additions include AEON Big Falim, TF Hypermarket Grik, Econsave Trolak & Bercham

Proposed & Ongoing Developments

  • Tin City revitalization in Kinta & Kampar

  • Formula 2 Circuit, automotive factory outlets, street malls & hotels

  • Green Asia Aerospace Technology Park, Seri Iskandar

Property Market Insights

  • 2015 recorded a 5% increase in Perak property transactions, while nationwide saw a 4.6% downturn

  • Projects under construction increased by 24%, and approved projects rose by 15.4%

  • Property prices in Perak remain more affordable than Kuala Lumpur, Penang, and Johor

Tourism & Lifestyle

  • Theme Parks: Lost World of Tambun; RM400 million Movie Animation Park, Asia’s first animation-themed park attracting 1.4 million visitors

  • Awards & Recognition: Best Condo in Southeast Asia (2012); Most Promising State for International Investment; ranked among Top 10 global destinations by Lonely Planet; 9th most affordable place to retire worldwide

Conclusion
MAPEX 2016 demonstrated Perak’s thriving property market and development potential, offering homebuyers and investors a strategic opportunity to explore high-quality developments, benefit from government-supported schemes, and engage with a city that combines rich heritage with modern infrastructure and economic growth.

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