(Real estate investment trust) REIT company are now targeting property investor in the northern region, particularly the high net-worth individuals and “men on the street.” Anther words said “Affordable homes making a comeback”.

From OSK Investment Bank Bhd (equity capital markets) director, Gan Kim Khoon; there were over RM354bil in fixed deposits and savings of individuals in the country waiting for REIT companies to tap. REITS companies looking at various opportunities for Property In Malaysia.

On REITs-Investors Outreach Programme, they telling about hope to channel some of these funds into REITs, which are high yielding and low risk in nature. The REIT companies from Kuala Lumpur that took part in the event included Axis REIT Managers Bhd, AmFirst ARA REIT Managers and AmanahRaya-JMF Asset Management.

Outside Kuala Lumpur, REITs have little exposure from large companies, and participation by individual investors is also small. There were not many players and the challenge was how to attract more REIT players and property investors into the Property Investment Market. Read more »

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Property developer SP Setia Bhd’s sales hit RM1.04bil at June 30, well before its financial year ending Oct 31. President and chief executive officer Tan Sri Liew Kee Sin attributed the success to the company’s 5/95 program which gave various incentives to home buyers and really benefits to first time home buyer.

Due to the overwhelming success of the program, SP Setia Home Loan package have extended it for another three months. As per SP Setia management, SP Setia Home Loan package will not extend the package when it ends. The program started Jan 19 and ends July 19.

The home loan package allows a buyer to pay only an initial 5% of the house price. All legal fees and stamp duties on the sales and purchase agreement are borne by the company (property developer). SP Setia would not extend the package when it ended on July 19.

SP Setia will stop launching new products for a couple of months to focus on building more quality homes. The 5/95 program was initiated by SP Setia but had now been adopted by other property developers into property investment market. Read more »

Do you hear about Parade of Homes by Sime Darby property developer? You are invite to visit the Sime Darby Parade of Homes Campaign booth at Dataran Maybank. Sime Darby property was generated RM161mil in property sales for Parade of Homes projects for pass few months.

Parade of Homes is launch by a single property developer – Sime Darby Property. Parade of Homes is an event that brings together a showcase of homes from 9 noteworthy townships. Sime Darby Property have lined up various activities, contests and talks from guest speakers, ranging from investment tips to interior design to make it an even more fun occasion.

Maybank had contribute for Parade of Homes project. Maybank is the mortgage loan owner for Parade of Homes projects. Now, Maybank offer home buyer mortgage loan package and visit your to Dataran Maybank to get all the information you need about Maybank home financing and also enjoy the offers for buyers at the Property Showcase:

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Setia Sky Residences is another new project by SP Setia. 5/95 Home Loan package launched by SP Setia getting good result while the world market getting  effected by economy crisis. SP Setia property developer not only getting good respond property in Malaysia, SP Setia started develop their business in Singapore and Vietnam.

New projest – Setia Sky Residences condominium in Kuala Lumpur that will be launched next month,April y2009. Setia Sky Residences is located along Jalan Tun Razak on a 2.43ha site and will comprise four 39-storey tower blocks, with each block containing 211 condos.

In April, only first two towers will be launched. Setia Sky Residences condominium lauch at an average selling price of RM680 per sq ft. Both towers are expected to be completed in 2012.

Setia Sky Residences condominium Setia is the first high-rise project in the Kuala Lumpur city centre by SP Setia. Setia Sky Residences condominium has a gross development value of RM800mil, Setia Sky Residences condominium estimate has positive response.
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