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.

SP Setia would continue to brand, build and execute marketing strategies that were cost efficient and proven effective to moving forward for company development. Currently, its total undeveloped land bank stood at 1,600ha.  On its performance, SP Setia had managed to ramp up sales despite the tough market conditions. Such as Setia Sky Residences project.

The sales figures of SP Setia projects are good but the net profit this year should be lower than last year, impacted by (high) raw material costs, great promotion given to the homebuyer.

Not only property investment in Malaysia showing a good number. On the SP Setia projects in Vietnam hit sales about RM50mil. Nowadays, SP Setia was still at the getting-to-know stage in China. It’s still beginning state for SP Setia in China property market.

Again proven that property investment sector still has upside. Real estate investors should look at the positive side and believe at your beginning mindset, buying investment property is a long term investment.

Sime Darby Property’s first Parade of Homes campaign was launched in June 2008 and generated sales of RM246mil in nine days. The second campaign in November 2008 generated over RM146mil in sales.
Sime Darby’s freehold properties range from affordable homes to high-end residences in townships in Subang Jaya, Bukit Jelutong, USJ Heights, Bandar Bukit Raja, Ara Damansara, Denai Alam, Melawati, Nilai Impian, Planters’ Haven and Putra Heights.

The main factors contributing to the strong property sales were the Parade of Homes’ exclusive benefits, which included an interest rate of base lending rate minus 2.3%, special down payment scheme, and no interest charged during the construction period. Sime Darby Property’s offered an attractive package for home buyers during Parade of Homes campaign.

In addition to the very attractive financial packages offered, Sime Darby Property’s also very pleased to note that they customers are buying because of the good track record, quality products, reputation as a reliable developer, and most importantly the trust and confidence in the Sime Darby property brand name.

The Parade of Homes campaign is being held in conjunction with MAPEX 2009 and continues until June 15, covering both residential and commercial properties in Sime Darby’s 10 townships.Sime Darby Property is also organising a property showcase from April 3-12 at the Sime Darby Convention Centre.

The purpose of Sime Darby Property to offers an attractive financial plan for home buyers during Parade of Homes campaign is make easier for home buyers to owning a dream home. Incentives include a Special Down Payment scheme, with initial payments as low as RM3,000.00 and the differential sum payable in installments of up to 12 months, together with free stamp duty and legal fees.

Other than, there are Early Bird Rebates up to RM10,000, and home buyers have the added assurance of the Sime Darby Property Guaranteed Buy Back.

Below present two scenarios of monthly loan repayments with the free stamp duties, free legal fees and early bird rebates schedule applied whenever you purchase a Sime Darby Property home throughout the Parade of Homes campaign:

Scenario 1 :
You bought a house in Bandar Bukit Raja with a minimum payment paid on 6 March 2009 and signed the Sales & Purchase Agreement on 20 March 2009. Our panel end-financier HSBC offers a loan of 12 equal months installment.

Scenario 2 :
You bought a house at Denai Alam with a minimum payment paid on 6 April 2009 and signed the Sales & Purchase Agreement on 5 May 2009. The loan offers 10 equal months installment.

Top 30 Property Developers Awards y2008 judge by The Edge Malaysia published on 1st Sept 2008. Here is the Malaysia top 30 property developer list;
1.    SP Setia Bhd
2.    IGB Corp Bhd
3.    Sunway City Bhd
4.    Island & Peninsular Sdn Bhd
5.    IOI Properties Bhd
6.    Bandar Raya Devt Bhd
7.    Bandar Utama City Corp Sdn Bhd
8.    Sunrise Bhd
9.    E&O Property Devt Bhd
10.    Boustead Properties Bhd
11.    Mah Sing Group Bhd
12.    YTL Land & Devt Bhd
13.    Eastern & Oriental Bhd
14.    Dijaya Corporation Bhd
15.    Paramount Corp Bhd
16.    Glomac Bhd
17.    Malton Bhd
18.    Selangor Properties Bhd
19.    YNH Properties Bhd
20.    Plenitude Bhd
21.    Naza TTDI Sdn Bhd
22.    PJ Development Holdings Bhd
23.    Naim Cendera Holdings Bhd
24.    United Malayan Land Bhd
25.    Selangor Dredging Bhd
26.    WCT Land Sdn Bhd
27.    Bolton Bhd
28.    Metro Kajang Holdings Bhd
29.    GuocoLand (M) Bhd
30.    Mulpha Land Bhd

Property developer even playing bigger role in completed of property development project and  right property developer ensuring that you’re getting the best property deal in Malaysia.

SP Setia Bhd (Malaysia’s No.1 property developer in The Edge Malaysia Top Property Developers Award and Euro money Real Estate Awards in 2005, 2006 and 2007) recently launched 5/95 Home Loan Package has achieved better-than-expected sales of RM300mil amid the softening economy. RM300mil sales in less than two months is very good result in uncertain economy. The RM300mil sales figure was based on bookings made.

Launched on Jan 19, SP Setia’s 5/95 Home Loan Package allows home buyers to pay only an initial 5% of the price of the house while all legal fees and stamp duty on the sales and purchase agreement, among other benefits, will be borne by SP Setia. 0% interest during property under construction period. The package is available until April.
SP Setia has targeted RM1.1bil in revenue for its financial year ending Oct 31 (FY09). It has already chalked up RM400mil in sales until Feb’09. Meanwhile, the property developer would be launch Eco Lakes township in Ho Chi Minh City, Vietnam (RM2bil) next month as planned.

SP Setia has a sales target of RM100mil in FY09 for the 558-acre residential property development, which will take at least 10 years to complete.

In April, it will launch its first high-rise project, Setia Sky Residences.The luxury serviced apartments project, located at the intersection of Jalan Tun Razak and Jalan Raja Muda Abdul Aziz in Kuala Lumpur, has a gross development value of RM800mil. SP Setia Bhd has targeted to achieve RM200mil in sales for this project in FY09.

SP Setia would be interested in any merger and acquisition (M&A) plan. M&A doesn’t make sense right now unless the company has a lot of good landbank, but most property developer companies that are in trouble do not have much land left.

SP Setia Bhd had unbilled sales of RM1.2bil and a landbank of about 4,000 acres. SP Setia Bhd would maintain its dividend payout ratio of 50% of profit after tax. Property Developer like SP Setia Bhd records better-than-expected revenue of RM300mil is good sign in property market. Why not look at property investment industry right now which is lower BLR rate in home loans.