Home ownership fair expected to triple PKNS sales

The Selangor State Development Corp (PKNS) aims to triple its sales this year, by offering some 3,400 properties for sale this month and in August.

For the 12 months in 2008, PKNS sold RM220 million worth of properties.

"This year, even though the economy is slow, PKNS will be able to beat the RM500 million mark," said its deputy general manager for administration and development, Md Nasir Md Arshad.

Nasir said PKNS has achieved RM54 million sales for the first four months of the current year.

From May 8 to June 7, PKNS will run the home ownership fair themed Rumah Pilihanku@PKNS, where it will offer for sale 2,300 units of low-, medium- and high-end houses, and 60 units of commercial properties, worth RM456 million.

Nasir said 70 per cent of the properties are new launches in Shah Alam, Kota Damansara and Bangi. The rest are old stocks in Kota Puteri, Antara Gapi and Bernam Jaya, Selangor.

He added that PKNS is optimistic of achieving 65 per cent sales, or RM298 million, by the end of the campaign, and 80 per cent, by end-July.

To boost sales, PKNS is offering home buyers an attractive financial package, which includes RM500 downpayment for every property bought and zero entry cost.

Buyers will also get cash rebates of up to RM20,000, depending on the type of property and location.

Nasir said PKNS is giving away six units of apartments in Klang, worth RM280,000 in total as lucky draws and electronic and household goods.

"Our properties are 10 to 15 per cent cheaper than rivals and there is guarantee that the houses and shop offices will be completed. So we are optimistic of achieving our target for 2009," he said.

Nasir said the August launch will feature some 1,000 new houses worth RM300 million, a bulk of which, will be located in Alam Nusantra, Shah Alam.

PKNS expects to sell 80 per cent of the properties by end-December, he added.

By Business Times (by Sharen Kaur)