Sin Hee Yang Property and BSN offers luxury yet affordable properties with 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 exceed RM 10,000 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 to below RM500,000 from seven (7) housing schemes, targeted to Bumiputra only.
PIX ~ Thumbs-up for a successful joint partnership between Bank Simpanan Nasional and Sin Hee Yang Property Group (L-R): Mr. Siew Kin Meng, Dato’ Loo Chee Wee, Mr. Loo Chee Yang and En. Akhsan Saini
“We have a total of 246 units of homes comprising 1 & 2 storey terrace houses and 1-storey semi-D residences. The stages of construction for these housing schemes vary from 20% – 70%. The sales take-up rates are 30% – 65% depending on which scheme. With a convenient accessibility like B32 highway serving Salak Tinggi-Nilai, LCCT main road and amenities such as Sekolah Kebangsaan Kg. Labu Lanjut (1 km), Dewan Orang Ramai Kg. Baru Lanjut (1.5 km), Mitsui Premium Outlet (3 km), KLIA (7 km), and also Putrajaya/Cyberjaya (10-15 km), we expect that this carnival will attract potential buyers looking for a luxury yet affordable home.” – Loo Chee Yang, Group Executive Director, Sin Hee Yang Property Group.
Speaking on the housing loan facility, according to (Frederick) Siew Kin Meng, 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 challenge is their ability to pay the initial 10% deposit fee. 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 hoes 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 up with our sales executives as they are ever ready to assist you with your loan submission. Henceforth, grab this opportunity before it ends.
The scheme is offered in both conventional as well as Islamic home loans of up to 100% of the purchase price. Further aid is also provided by the Government with monthly loan subsidies of RM200 per month for the first two (2) years to help them with their loan repayments. To enhance first-home buyers’ affordability, the 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.
Attractive promotions by the developer on the carnival:-
- Low downpayment – ONLY RM1,000
- Special rebate of up to 10% (T&C applied)
- First 3-month installments redeemable from developer (T&C applied)
- SPA & loan legal fees, stamp duties and other disbursements to be fully borne or paid by the developer of the housing project
- End financing of up to 100% (T&C applied)
The expected completion date for these schemes is from Dec 2017 to Dec 2018 depending upon the project. For subsequent enquiries on the housing scheme, visit at: www.sinheeyanggroup.com . And for additional information on the Youth Housing Scheme (YHS), visit Bank Simpanan Nasional at: , or simply contact BSN’s Customer Service Hotline at: 1 300 88 1900