The Selangor govt state agency is also giving away RM1m in cash, discounts and rebates to buyers

By HABHAJAN SINGH / Pic Source By PKNS

Selangor State Development Corp (PKNS) is pulling out all the stops to assist potential homebuyers to land the property of their dreams, including engaging loan negotiators.

In their latest move, the Selangor government state agency is giving a total of RM1 million in cash, discounts and rebates to buyers of selected properties under the PKNS Mega Bonanza.

On loan negotiators, PKNS has found the need to engage them as many buyers are struggling with financing, especially in getting their documents in order.

PKNS acting CEO Norita Mohd Sidek said the loan negotiators assist potential buyers to understand and work their way through the financing process.

“It does not add cost to the buyer. We pay the loan negotiators a fee upon success. Most of them are ex-bankers, and there are many of them in the market,” she told a press conference in Shah Alam last Friday.

She was accompanied by PKNS acting COO Siti Zubaidah Abd Jabar and PKNS GM Azmi Adnan.

For affordable homes, Norita said PKNS is working with the state government under the Smart Home Ownership scheme, where the state provides an interest-free loan for the initial 10% down payment.

PKNS has also deployed a rent-toown (RTO) scheme for selected housing projects and is currently in negotiations with Malayan Banking Bhd (Maybank) for some projects in hand.

“Under this scheme, you can first rent the house for three years, and then decide if you want to buy it or not. If you do, the rent paid earlier will be taken into account into the selling price,” she said.

The RTO solution is designed to assist those who intend to be homeowners, but are not able to due to the high initial cost, according to the Maybank website.

On the Mega Bonanza, Norita said buyers can take advantage of the discounts, rebates and vouchers, which are made available as part of the Chinese New Year celebration and will last till end-February.

It involves some 1,500 ready-made homes with a gross development value of RM1.1 billion. It includes affordable homes, with prices ranging from RM42,000 to RM250,000, mostly consisting of apartments, townhouses and terrace houses.

Among others, PKNS is offering discounts of up to 20% for home projects in Shah Alam such as Kota Puteri, Azhara Di Antara Gapi, and Menara U and U2. It is also offering cash rebates for Shah Alam projects like Hijauan Enklaf, Anggun Kirana and 10 Residensi.

Norita said PKNS homebuyers stand to gain an increase in the value of their property as they are buying into new growth areas. At this juncture, PKNS is developing 11 of such areas.

“When you buy a house, you don’t just buy a house, you buy a whole township. It comes with all the amenities, including schools,” she said.