Discounted Units to Be Sold During National Homeownership Campaign

28 Jan 2019

 

The Malaysian government has teamed up with property developers and lender to market about 30,115 completed houses at a lower price during the National Homeownership Campaign, reported The Edge.

To be rolled out on the first day of March, the three-day event will be held at the Kuala Lumpur Convention, according to Housing and Local Government Minister Zuraida Kamaruddin, who added that the campaign will see the participation of around 180 home builders and banks, which will help home buyers secure financing.

“We are bringing back the homeownership campaign that was held in 1998. It is good to take all overhang units to be exhibited (during the campaign) and offer them to buyers at a discount.”

She said home buyers will get a minimum discount of 10 percent. Of the 30,115 houses to be showcased at the event, 10,410 units will cost under RM300,00, 7,561 units will be priced from RM300,000 to RM500,000, while the remaining 12,144 units will come with a higher price tag of RM501,000 and above.

For those who can’t attend the event in March, the remaining unsold houses will still be sold at a discount for a tentative period of 12 months following the launch of the campaign.

As such, those who want to purchase homes at a lower price should save enough money for their down payment. For those who have already saved ample downpayment, they may opt to purchase not only residential properties in the primary market, but resale units as well.

Furthermore, experts advised the authorities and developers to create a master list of the available residential properties, so people can look them up in advance and finalise which they want to buy.

 

Image source: The Malaysian Pulse

 

Let us auto-calculate how much the banks will loan you with our Mortgage Pre-Qualifier calculator. Click here.

POST COMMENT

You may also like these articles

LBS Kicks Start 2019 with Projects Comprising of Affordable Homes In Perak

 Ipoh – To support the Government’s national housing agenda, Perak State Secretary Incorporated (SSI) and LBS Bina Group Berhad (LBS), through its subsidiary company Bimbingan Simfoni Sdn Bhd

Continue Reading24 Jan 2019

Championing Grassroots Esports Development in Sunsuria City

 Salak Tinggi – Sunsuria Berhad has signed a Memorandum of Understanding to establish EXVRA, an ESports Hub within Sunsuria City, which is Sunsuria’s flagship township that is built on princi

Continue Reading28 Jan 2019

Density of Rebranded Rumawip Projects Lower

 The Rumawip (Federal Territories Affordable Housing Project) project will soon be known as the Residensi Wilayah affordable housing project.While the rebranded program would be based on the same

Continue Reading28 Jan 2019

No Injunction to Bar Opening of Resort World Genting Theme Park

 Despite a filed legal counterclaim, experts revealed that Genting Malaysia may likely proceed with the opening of the Outdoor Theme Park in Resort World Genting (RWG) in Pahang next year, report

Continue Reading28 Jan 2019