Petaling Jaya, 5 December – The two-day event on 3rd and 4th December 2016, saw droves of people come to see the properties under the “Lock and Roll” deferred financing plan and join in the many fun games and activities held at the event from 10.00am to 6.00pm.
“LOCK” IN YOUR PROPERTY AND “ROLL” YOUR CASH
“Lock and Roll” is an innovative deferred financing plan where buyers can first “lock” a completed unit with a RM10,000 booking fee and “roll” their cash for 24 months . The plan is ongoing until 31 December 2016.
As an illustration, the buyer selects a RM1 million completed property and qualifies for an 80% margin of financing (RM800,000 loan). The buyer will pay the RM200,000 differential sum, but the bank will only draw down 50% of the loan ie RM400,000. Assuming an interest rate of 4.5%, interest payment is RM18,000 per annum. Effectively the buyer pays only this interest portion of RM1,500 for 24 months after moving in. During the 25th month, the bank will draw down the balance of the loan and only then will the buyer start to service the full monthly instalment.
Group Managing Director of Mah Sing, Tan Sri Dato’ Sri Leong Hoy Kum shared that “Lock and Roll” let different types of buyers benefit from the low repayment for the first 24 months. “Homeowners have the financial flexibility to make extensive renovations to their units without being burdened by heavy repayment commitments for the first 24 months. The same applies to businesses who move into our retail units as they can focus on investing funds in building their business and strengthening their cash flow,” shared Tan Sri Dato’ Sri Leong Hoy Kum.
He added that ”It also represents an excellent investment opportunity as homeowners looking to rent out their units can get good rental yield from tenants while making a minimal monthly instalment for the first 24 months.”
Mah Sing’s properties under the “Lock and Roll” deferred financing plan include Icon City@ Petaling Jaya, Aspen Residence@ Cyberjaya, Garden Boulevard Shops@ Cyberjaya as well as M Residensi Galleria@ M Residence 1, Rawang for properties in Greater Kuala Lumpur. Other properties under the scheme include Ferringhi Residence 1 and Southbay Plaza which both are in Penang as well as Austin V Square Shops and i-Parc Industrial Hub in Johor Bahru.
HEALTHY TAKE UP FROM 2016 LAUNCHES
Mah Sing’s launches in 2016 received healthy take ups during their respective launches. These projects, namely Cerrado Residential Suites Tower A and B in Southville City, KL South, The Final Tower of Lakeville Residence,Taman Wahyu, as well as The Greenway Double Storey Link Homes in Meridin East@Iskandar Malaysia,Johor had all achieved more than 80% take-up rate during their respective launches.
Tan Sri Dato’ Sri Leong Hoy Kum shared that “Our recent launches received good responses from buyers due to their affordable pricing and strategic locations. The Group focuses on developing products which cater to the mass market and at an affordable price range. Projects such as Cerrado Residential Suites are also highly sought after by first-time home buyers due to its affordable pricing of RM357,000 during its launch.”
Scale models of Cerrado Residental Suites, Lakeville Residence as well as D’sara Sentral@ Sungai Buloh, Dalea@ M Residence 2 and The Loft@ Southbay in Penang were also showcased during the “Lock and Roll Fiesta” to show visitors other quality properties by Mah Sing.
INVESTMENT TALK AND FUN ACTIVITIES FOR FAMILY AND FRIENDS
Renowned property spokesperson Chris Tan was also present during the “Lock and Roll Fiesta” to give investment talks focused on “Mastering Property Trends and Investments”. The talks which were held in both the morning and evening on both days were well received by the public.
As part of the “Lock and Roll” Fiesta there were many fun activities which catered to the event’s Christmas theme. Families and couples enjoyed a relaxing chariot ride in Icon City’s stunning Central Park. Children, as well as adults, also had multitudes of fun as people lined up to take a 2 storey space adventure ride. The ride brought guests up in the air to have a panoramic view of Icon City’s Central park which was both fun and exhilarating.
Patrons to the fiesta also enjoyed the wonderful spread of jolly Christmas delights which included Roast Lamb, carrot cake and other Christmas specialities. There were other fun activities held over the two-day event.
LOCK AND ROLL OFFERS SOMETHING FOR EVERYONE
The projects under “Lock and Roll” offer different property options for different buyer profiles. For landed properties, buyers with expanding families looking for larger built up homes can consider Aspen Residence@ Cyberjaya. Aspen Residence@ Cyberjaya offers 9 bedrooms and 9 bathrooms and is priced from RM3,450,800.
Those who are looking for high-rise units in strategic locations can consider Icon City in Petaling Jaya (priced from RM1,621,000) as well as Southbay Plaza in Penang (from RM1,214,800) as they are in strategic locations which are accessible via networks of highways. As an alternative, Ferringhi Residence 1 in Penang offers resort themed living with its low-rise condo villas. The units are priced from RM1,424,800 and located in the tourist belt of Batu Ferringhi.
For those who are looking for retail units to start up their business, Garden Boulevard Shops@ Cyberjaya as well as M Residensi Galleria@ Rawang both provide 2-storey and 3-storey retail shops. The Group also has other retail options in Johor, namely Austin V Square Shops in the mature township of Austin Perdana as well as factory units in its i-Parc Industrial Hub in Tanjung Pelepas.