BY Roznah Abdul Jabbar
Sunway Bhd’s property division will be offering financial support for buyers of its properties, its managing director Sarena Cheah said.
Cheah, who unveiled the campaign called Sunway Property Certainty Campaign, said the group is offering buyers three packages which include the guaranteed loan, deferred payment and voluntary exit plan under the campaign.
“We are still seeing demand for good and well-located properties in the market. People are looking to upgrade, invest and own a home in a well-planned environment that is equipped with comprehensive services and amenities,” she said.
‘For home buyers who meet the basic criteria, we are happy to assist them by providing the guaranteed loan, thereby giving them a greater sense of security to own their dream home,” Cheah added.
“Home buyers can also opt for the deferred payment option with an initial down payment as low as 3 per cent. We have also put in place the option for purchasers to terminate their sale and purchase agreement (SPA) if they lose their employment,” she said.
She said that the guaranteed loan, which is given to those who are unable to obtain a bank loan, would not be of any trouble to the company as the company will get back the units if buyers could not service the loan.
“We are not taking over banks’ job, we are only addressing the ‘what if…’ situation, hence the voluntary exit plan, where buyers can terminate their SPA in case they could not continue with the loan,” Cheah told Property360.
Cheah said the campaign, which will end on Sept 30 this year, shows the confidence Sunway has in its products.
Under the campaign, the guaranteed loan will allow buyers to own a home with a trusted financial arm under Sunway with a 12:88 ratio plan; deferred payment offers zero payment for a period of 12 or 24 months; and voluntary exit plan allows buyers to withdraw from the SPA in case of any unfortunate circumstances.
The group also unveiled the third and final phase of the Sunway GEO Series – Sunway GEO Residences 3 in Sunway South Quay, which will consist of a 44-storey condominium with 420 units.
The inspired resort lifestyle living development will be directly linked to the upcoming Sunway GEO Retail and Malaysia’s first elevated Bus Rapid Transit (BRT) – Sunway Line, offering greater accessibility to residents and visitors.
Sunway GEO has received an average of more than 95 per cent take-up rates for its previous launches.