Malaysian property developer Glomac Bhd is showcasing three of its residential projects at its Singapore gallery in SGX Centre, according to Malaysia Property Inc (MPI).
The developments are Glomac Damansara Residences and Mutiara Damansara Residences in Selangor, as well as Suria Residen in Kuala Lumpur.
From now to 11 August, Singapore home buyers are being offered special incentives — a low booking fee of S$2,025 and special discounts for selected units.
In addition, Glomac Bhd will also provide the developer interest-bearing scheme (DIBS) until the projects obtain their temporary occupation permit (TOP), as well as absorb legal fees and maintenance charges for the first 12 months.
Located at Batu 9 Cheras, Suria Residen is expected to obtain its TOP in 2013. The project will feature 16 double-storey semi-detached units, called Sinaran, with a built-up area of 3,480 sq ft each.
Glomac Damansara Residences is slated for completion in 2014, while Mutiara Damansara Residences is expected to obtain its TOP in 2015. Both are freehold serviced apartment projects.
Glomac Damansara Residences is a mixed development situated 20 minutes from the Kuala Lumpur City Centre (KLCC), while Mutiara Damansara Residences is 25 minutes away from the KLCC.
FD Iskandar, Group Managing Director and CEO of Glomac Bhd, said that the incentives offered by his group, along with a robust Singapore dollar, “will ensure upfront affordability with the long-term aim of capital gains and attractive rental yield.”
The one-week marketing drive will also feature property presentations by Leslie Kho, Executive Director of Residential at the Malaysian office of Knight Frank, and Ho Chin Soon, founder of Ho Chin Soon Research.
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