Incentives aplenty at property fair
TALK about perfect timing! The StarProperty.my Fair 2019 to be held at Sunway Carnival Mall in Seberang Jaya, Penang, starting tomorrow to Sunday could not have come at a better time.
This is because the government had recently introduced a slew of initiatives including the Home Ownership Campaign (HOC) and National Housing Policy 2.0 to boost the property market and widening the eligibility bracket.
Thus the exhibitors can look forward to great response over the four-day event organised by the Star Media Group. This one-stop showcase will feature an exciting range of properties ranging from luxurious landed to high-rise residences, integrated townships, retail and office spaces.
To meet current and future lifestyle trends, today’s property landscape is dictated by accessibility, sustainability, convenience, comfort and aesthetic.
Thus, most of the developments are gated and guarded with emphasis on unique lifestyle concepts and a rich ecosystem of facilities and green features. Connectivity and security are also a given.
Projects by the sea and integrated mixed-developments are also much sought after.
To have a better understanding on choosing the right property within your budget, speak to the developers who would be of great help in making the selection process much easier.
Taking part are Mah Sing Group, Ewein Zenith Sdn Bhd (City of Dreams), JKP Sdn Bhd, Tambun Indah Land Berhad, SV Group and Hunza Group.
Also lending their support are East West Horizon Plantation Bhd and CTOS Data Systems Sdn Bhd.
The former is featuring its lucrative oil palm investment schemes, East West One Planter’s Scheme (EWOPS) and East West Horizon Planter’s Scheme (EWHPS), both offering promising returns over an investment period of eight years.
Malaysia’s largest private credit reporting agency, CTOS delivers a complete portfolio of credit reports and value-added services in aiding credit grantors to make better credit decisions. Visit them for a complimentary CTOS Score Credit Report.
Acknowledged as the premier property fair in the northern region, do not missed this great opportunity to search for your dream home, to upgrade or invest, or simply to survey the choices available.
Save time and effort with all the products under one roof, and most importantly, enjoy the substantial savings offered. Purchasers also stand the chance to win a brand new SUV X70 in the Beli & Menang contest!
Under HOC, which runs from January to June, residential units priced between RM300,000 and RM1mil would be exempted from any stamp duties on the instruments of transfer and loan agreement.
Properties purchased directly from developers during the campaign would also be offered a minimum 10% discount as well as other attractive incentives and freebies.
HOC is aimed at helping individuals, especially the low-income (B40) and middle-income (M40), to own a home while at the same time easing the country’s property overhang predicament.
According to the National Property Information Centre, the number of unsold houses stand at 30,115 units in the third quarter of 2018, valued at RM19.54bil.
The Real Estate and Housing Developers Association (Rehda) is expecting the sixmonth HOC to generate up to RM3bil in sales.
As for the National Housing Policy 2.0 that was launched by the Housing and Local Government Ministry, it outlined five focuses, 16 strategies and 57 action plans, of which 15 would be carried out in the first two years.
The five focuses include improving accessibility and affordability; quality housing for all; cohesive neighbourhoods; improving coordination between housing development and transportation; and strengthening institutional capability for the National Housing Policy.
Bank Negara had also launched its Affordable Homes and Rumahku portal fund to kick-start home-ownership in the country.
Aimed towards helping purchasers from the lower income group to finance the purchase of their first homes, the fund has an allocation of RM1bil.
The low 3.5% financing rate per annum means they are expected to enjoy more than 20% less in monthly commitments, compared with the current financing schemes offered in the market.
The fund for properties below RM150,000 is eligible to Malaysian citizens with a maximum monthly household income of RM2,300 and do not have any record of impaired financing within the past 12 months.
Also, CBREIWTW Research in its Real Estate Market Outlook 2019 stated that it will be a buyers’ market over the short term, particularly for residential properties.
Penang’s property market is expected to remain flat yet resilient, aided further by recovery in the economy and benefits of reforms undertaken by the government.
Under the prevailing subdued market, launches of smaller, single phase developments would reduce in the short-term but larger integrated mixed developments or townships would carry on.
The StarProperty.my Fair is open to the public from 10am to 10pm over the four days. Admission is free.
Beli & Menang
This contest is a homebuyer reward programme to reward visitors who successfully make bookings and complete their Sales & Purchase Agreement (SPA) with participating developers of StarProperty.my fairs.
In order to be fully eligible for the contest which ends on Nov 30, participants have to submit their booking forms before the closing date (11.59pm on Nov 30) and SPA before Dec 31 to marketing@starproperty.my
Multiple bookings under one participant’s name is allowed. For submission of multiple bookings under a different name, the organiser will consider on a case-by-case basis.
Open to all Malaysians aged 18 years and above, simply register online at fair.starproperty.my/beli-menang, answer a simple question of “What is the grand prize?” and submit a slogan.
The slogan, “What does ‘home’ mean to you?”, must be written in English with the characters not amounting to more than 150.
Each booking with a matching SPA submitted is considered as one entry. So the more properties you buy, the better are your chances of winning the grand prize of a SUV X70.
The contest is reserved exclusively for bookings made during StarProperty.my Fair 2019 that will be held throughout the country. The finalists selected for the finale will be announced in January next year.
Buyers’ Sentiment Survey
Share your thoughts regarding home ownership by taking part in the Buyers’ Sentiment Survey at the StarProperty.my booth and be entitled to a lucky dip.
Up for grabs are photobook vouchers worth RM25, RM50 and RM79. Participants will also receive a complimentary CTOS Credit Report offered by CTOS Data Systems Sdb Bhd.
The Star’s e-paper bundle
Get The Star Bundle which includes both the print and ePaper copies of The Star and one year digital access to either The Wall Street Journal (worth USD370) or dimsum video-on-demand service at only RM599 a year.
There’s also the standalone The Star ePaper with WSJ at only RM199 per year. For existing subscribers, you can renew your subscription at just RM399 per year. What’s more, those who subscribe or renew at the fair will receive a free gift!
For enquiries, kindly call Raj at 0124700254.