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Monday, January 19, 2009

New loan plan to drive SP Setia home sales

Property developer SP Setia Bhd is confident of securing more sales this year with the introduction of its new 5:95 home loan package, its group managing director and chief executive officer Tan Sri Liew Kee Sin said today.

The package is expected to attract more buyers despite the economic slowdown as it offers a build-and-sell concept, Liew said.

“We had the soft launch last two weeks ago and the response was very encouraging,” he said.

Speaking to reporters after the launch of the package in Shah Alam, Liew said the concept required buyers to pay only five per cent of the purchase price and the remaining 95 per cent after completion of the property.
Legal fees, and stamp duty are also waived for the consumers under the new loan package, he said.

He added that the loan package will be applicable to all residential properties in the Klang Valley, Johor and Penang for three months starting today.

By Bernama

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