RM2.24bil worth of prop­er­ties on sale at Sun­way Car­ni­val Mall

The Star Malaysia - - Nation - By DAVID TAN david­tan@thes­tar.com.my

BUT­TER­WORTH: Four de­vel­op­ers are show­cas­ing over RM2.24bil worth of prop­er­ties at the four-day StarProp­erty.my Fair 2019 at Sun­way Car­ni­val Mall in Se­berang Jaya here un­til Sun­day.

The de­vel­op­ers are Ewein Zenith Sdn Bhd (RM800mil), Mah Sing Group Bhd (RM754mil), Hunza Prop­er­ties Bhd (RM450mil), and Tam­bun In­dah Land Bhd (RM242mil).

The other de­vel­op­ers show­cas­ing their projects are SV Group and JKP Sdn Bhd.

East West Hori­zon Plan­ta­tion Bhd, an oil palm plan­ta­tion in­vest­ment com­pany, and CTOS Data Sys­tems Sdn Bhd, Malaysia’s largest pri­vate credit re­port­ing agency, are among the ex­hibitors.

Ac­cord­ing to Zeon Prop­er­ties chief ex­ec­u­tive of­fi­cer Leon Lee, in­vestors from China, Hong Kong, and In­done­sia are still keen to buy prop­er­ties in Pe­nang.

“They tend to look for con­do­minium projects near the sea with re­sort recre­ational fa­cil­i­ties.

“This is why Ewein Zenith’s City of Dreams (COD), an ex­clu­sive ser­viced res­i­dence project at Gur­ney Drive, has al­ready sold over 70%.

“About 20% of the pur­chasers are from over­seas, while lo­cal buy­ers form the re­main­ing 80%,” he said.

The COD re­de­fines the con­cept of high liv­ing with over 50 world-class ameni­ties and fea­tures.

The fa­cil­i­ties in­clude a two-lane bowl­ing al­ley, pri­vate cinema, golf sim­u­la­tor, putting green, karaoke cen­tre, bar­be­cue pits and a grand ball­room.

Zeon Prop­er­ties is the mar­ket­ing agent for COD.

Those look­ing for their dream homes should take ad­van­tage of the cur­rent low bank in­ter­est rate for hous­ing loan, ac­cord­ing to Lee.

Lee added that the cur­rent in­ter­est rate was about 4.4%, com­pared to 12% when hous­ing loan in­ter­est peaked in 1997.

“The in­ter­est is still low enough to make prop­erty in­vest­ment an at­trac­tive ven­ture.

“House buy­ers, es­pe­cially the first-timers, should grab such an op­por­tu­nity if they come across prop­er­ties added.

Ac­cord­ing to Mah Sing chief op­er­at­ing of­fi­cer Ever­lyn Khaw, the new gov­ern­ment poli­cies and in­cen­tives will con­tinue to drive the mo­men­tum of the prop­erty in­dus­try and con­trib­ute to the na­tion’s eco­nomic growth ul­ti­mately.

“Medium to long-term out­look will con­tinue to be strong for prop­erty buy­ers who are buy­ing to own, or buy­ing for long-term in­vest­ment. Prop­erty as an in­vest­ment as­set re­mains one of the safest forms of in­vest­ment and a good hedge against in­fla­tion.

“We be­lieve prop­er­ties in the af­ford­able range and at good lo­ca­tions with good ac­ces­si­bil­ity are still see­ing good de­mand,” she said. of their choice,” he

Be­sides hav­ing so many prod­ucts un­der one roof, the four-day fair or­gan­ised by Star Me­dia Group also sees the re­turn of the Beli & Me­nang con­test.

It is a home­buyer re­ward pro­gramme open to those who make book­ings and com­plete their Sales & Pur­chase Agree­ment (SPA) with par­tic­i­pat­ing de­vel­op­ers of StarProp­erty.my Fairs through­out the coun­try this year.

Run­ning un­til Nov 30, it of­fers a brand new Pro­ton X70 SUV as the grand prize. Pur­chasers can reg­is­ter on­line at fair.starprop­erty.my/ beli-me­nang. Par­tic­i­pants will have to sub­mit their book­ing re­ceipts be­fore the clos­ing date (11.59m on Nov 30), and SPA be­fore Dec 31, to mar­ket­ing@starprop­erty.my.

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