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Monday, March 9, 2009

Sime Darby to offer homebuyers better financing schemes

SIME Darby Property (SDP) is introducing its third instalment of the Parade of Homes campaign from March 6 to June 15 that offers homebuyers better financing solutions that will allow them to continue buying property despite the current economic sentiment.

SDP is teaming up with partners Maybank, CIMB and HSBC to offer, among others, a special easy payment scheme that allows buyers to pay the difference between the purchase price and the loan amount in monthly instalments of up to 12 months.

Buyers will enjoy an interest-free period during construction and an exclusive rate of BLR minus 2.3 per cent after vacant possession, SDP said in a statement.

There is also an early bird cash rebate of as much as RM10,000 for purchasers who sign their sale and purchase Agreement (SPA) during the campaign period.
Buyers will enjoy "zero entry" cost which entitles them to free stamp duty on memorandum of transfer, legal fees and disbursement on SPA and stamp duty on loan documentation.

On top of these incentives, SDP will also offer its Guaranteed Buy-Back programme, which provides property buyers peace of mind by allowing them to sell their property back to the company.

The first Parade of Homes in June 2008 attracted over 15,000 visitors and generated sales worth more than RM246 million over nine days, while the second one in November 2008 generated over RM146 million in sales.

By Business Times

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