Friday, 22 November 2019,   24 Rabiulawal 1441H

 

JOINT COLLABORATION BETWEEN SIN HEE YANG PROPERTY GROUP & BSN

Offers luxury yet affordable properties with attractive end-financing loan packages at Karnival Perumahan Bumiputra


SUBANG, 15 August 2017 – Sin Hee Yang Property Group and Bank Simpanan Nasional (BSN) today announced its collaboration on Karnival Perumahan Bumiputra. This Karnival will be held on 19 & 20 August, 2017, from 10am - 6pm, at No 5, Jalan Bunga Raya 2, Taman Bunga Raya, Bandar Baru Salak Tinggi, Sepang.

The collaboration is to introduce BSN’s Youth Housing Scheme (YHS) to qualified potential buyers aged 25 to 40 years; married or single with household income not exceeding RM10,000 per month, to own a house.

The focus of this carnival is to promote properties developed by Sin Hee Yang Property Group and attractive end-financing loan packages up to 100% offered by BSN. The two (2) day carnival offers a luxury yet affordable properties ranging from RM328,000.00 to below RM500,000.00 from seven (7) housing schemes, targeted to bumiputra only.

“We have a total of 246 units of houses comprising of 1 & 2 story terraces, and 1 story semi-d. The stages of construction for these housing schemes varies from 20% - 70%. The sale take up rate are 30% - 65% depending on which scheme,” said Mr Loo Chee Yang, Group Executive Director of Sin Hee Yang Property Group.

“With a convenient accessibility like B32 highway serving Salak Tinggi-Nilai, LCCT main road and amenities such as Sekolah Kebangsaan Kg Labu Lanjut (1km), Dewan Orang Ramai Kg Baru Lanjut (1.5km), Mitsui Premuim Outlet (3km), KLIA (7km), Putrajaya/Cyberyjaya            (10-15km), we expect that this carnival will attract potential buyers, looking for a luxury home yet affordable,” he added.

Speaking on the housing loan facility, according to Frederick Siew, Deputy Chief Executive of Retail Banking BSN, “There are quite a number of challenges faced by our youth today especially to those first home buyers when it comes to purchasing properties. The main is their ability to pay the initial 10% deposit. This is where our Youth Housing Scheme (YHS) comes in handy as it helps the young buyers (married or single) with their first property purchase. 

Since its launch by Prime Minister Datuk Seri Najib Tun Razak in October 2015, we have been partnering with various property developers to select desired yet affordable homes for young buyers. Our partnership with Sin Hee Yang Property Group is another milestone in our effort to help make homes more affordable to first time buyers. YHS is open to the first 20,000 qualified applicants on a first-come-first-served basis. Do visit our nearest branches or meet our sales executives as they are ever ready to assist you with your loan submission. Thus, grab this opportunity before it ends.”  

Offered both in Conventional and Islamic Home Loans up to 100% of the purchase price and, further aid is also offered by the Government with monthly loan subsidize of RM200 per month for the first two (2) years to help them with their loan repayments.

To enhance first home buyers’ affordability, government has recently introduced several policies under the 2017 Budget to promote affordable home ownership for the right target groups. These include building more affordable homes through its various property development companies, and a full stamp duty exemption for first-time home buyers on houses costing up to RM300,000.00.

Attractive promotions by the developer on the carnival

1) Low down payment - ONLY RM1000.00

2) Special rebate up to 10% (T&C applied)

3) First 3-month installments can be redeemed from the developer. (T&C applied)

4) SPA & loan legal fee, stamp duty & other disbursements are to be paid by developer.

5) End-financing up to 100%. (T&C applied) 

The expected completion date for these schemes is December 2017 - December 2018 depending on which project.

For any query on the house schemes kindly visit www.sinheeyanggroup.com

For more information on the Youth Housing Scheme, please visit BSN’s website at www.mybsn.com.my or contact BSN’s Customer Service Hotline at 1300 88 1900.

 

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Press Release