Sime Darby sells 700 homes from 3rd showcase

PETALING JAYA: Sime Darby Property Bhd has clinched sales of over 700 units worth RM500mil from its third series of Parade of Homes showcase launched last month.

Managing director Datuk Tunku Putra Badlishah said the company’s initial target sales was RM600mil for the third showcase that runs till June 15. It had RM800mil worth of properties on sale for the third showcase.

“We are pleasantly surprised with the strong sales results amid the current economic situation.

“This proves the Malaysian property market is still resilient and people are still willing to invest in properties,” he told StarBiz.

Of its nine new launches, three projects were fully taken up.

Sime Darby’s Parade of Homes campaign, which was held in conjunction with Malaysia Property Expo 2009, has generated sales of RM246mil and RM146mil for its first and second series respectively.

Tunku Putra Badlishah said property buyers tended to purchase from reputable developers during this time for the assurance of completion of their projects.

“While other property developers are occupied with clearing their previous launches, we have, as of now achieved 60% of sales for our new launches,” he said.

Among the benefits offered during the showcase are special easy payment scheme that allows buyers to pay the difference between the purchase price and loan amount in monthly instalments of up to 12 months, base lending rate minus 2.3% after vacant possession and interest-free period during construction.

The property developer also provides a guaranteed buy-back programme.

By The Star (by Shannen Wong)