CIMB offers auctioned properties

KUALA LUMPUR: CIMB Group has launched a service to offer the public the chance to buy real estate that is being auctioned.

The service, called CIMB Property Mart, entails a showroom of such properties, with staff at hand to educate visitors about the auction process. CIMB will also offer financing packages for purchases.

“By setting up the CIMB Property Mart as an alternative sales channel, we hope to raise the profile of auction properties and persuade the public that they represent a viable and sound real estate investment.

Staff will be on hand at the property gallery to answer questions on the properties, action process as well as our financing packages,” said group chief executive Datuk Nazir Razak at the launch.

About RM600 million worth of properties ­— properties and land — foreclosed or owned by CIMB Bank and CIMB Islamic were available for sale as at Nov 30.

These properties mainly comprise apartments, landed properties, development land and shop lots located nationwide with the majority in Selangor, Wilayah Persekutuan, Negeri Sembilan and Johor.

“In future, we hope to leverage on the group’s regional presence and use CIMB Property Mart to attract foreign property investors into the Malaysian property market,” said Nazir.

CIMB Property Mart is located at Grd Flr, Block B, Plaza Damansara, 45 Medan Setia 1 Bukit Damansara, Kuala Lumpur or you can call its hotline number at 1300-88-0811.

By The EDGE MALAYSIA