For Kedah civil servants, there's no place like Oriental Interest Bhd's affordable, modern homes

Posted on: 2016-12-23

SUNGAI PETANI: Effective Jan 1, Kedah civil servants can buy their first dream house at 20 per cent less than market price and enjoy full stamp duty exemption, which translate to RM8,000 in savings.

What is more, civil servants who are not entitled to 100 per cent financing are only required to pay 10 per cent of their property price upon signing the Sales-Purchase Agreement (S&P). And their 90 per cent loan repayment instalments begin only after completion of their properties.

These are the tremendous incentives for civil servants to purchase their first homes in strategic locations in southern Kedah beginning 2017.

Oriental Interest Bhd (OIB), a prominent property developer in Kedah, is offering 1,382 units of spacious, modern, yet affordable single-storey and double-storey houses at a cost of below RM300,000 under the 1Malaysia Housing Projects for Civil Servants (PPA1M) programme.

Its marketing division chief operating officer Beh Suan Sim said the not-to-be-missed offer is made possible through OIB’s cross-subsidy offering under the government’s PPA1M programme. 

"The first two projects are Taman Sinar Intan 3 and Taman Permaipura in Sungai Petani, while the third project is Taman Serai Wangi in Padang Serai, with a total Gross Development Value of RM413 million," she said at the launch of the three projects here today.

Present was PPA1M chief assistant secretary Mursyidul Syafiq Marzuki.

Beh said PPA1M Taman Sinar Intan 3 offers 450 units of modern, contemporary-designed double storey terraces from only RM294,927, with Phase 1, 2 and 3 being gated and guarded, while Phase 4 is ordinary residential. 

"Aside from the strategic location, the township features numerous amenities, such as government offices, banks, shopping complexes, schools, a golf club, a public library, a public gym and a Jubilee Park – all in the vicinity of five kilometres," she said. 

Beh added that PPA1M’s Taman Permaipura township, located in Bedong, Sungai Petani, consists of two zones; 201 units of ordinary single-storey terraces which start at RM184,790, and 399 units of gated and guarded double-storey terraces with a starting price of RM274, 921. 

The PPA1M Taman Serai Wangi in Padang Serai is an integrated township comprising 332 units of single-storey and double-storey terraces priced at RM188,862 and RM278,714 respectively. 

The project is strategically located about five minutes’ drive from Tasek Gelugor in Penang, 30 minutes from Kulim Hitech Park and 20 minutes from the Butterworth-Kulim Expressway and the North-South Expressway exit in Bertam. 

"All these units come with concealed air-conditioning piping, concealed hot and cold water piping, auto-gate electrical points, full-height bathroom wall tiles, brick wall fencing and concrete imprint car porch flooring. 

"At OIB, we want to make the journey of owning a home as affordable and as undemanding as possible. Our mission has always been to offer comfortable living that is within reach; and now thanks to the cross-subsidy mechanism of PPA1M with the government, we are able to offer civil servants spacious houses at attainable prices," she said. 

Beh said 50 per cent of the units at PPA1M Sinar Intan have been snapped up, and up to 20 per cent of the units at PPA1M Permai Pura have already been sold. 

Sales for PPA1M Serai Wangi units began today.


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Source From: NST

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