Developers are offering creative financing packages to attract potential home buyers, given the sluggish property market and the stringent criteria of banks in granting housing loans.
“The market was still flat in the first quarter, with some developers delaying their launches. They are trying to move whatever stock that is still available, and we have seen Sunway Group, IOI Properties Group Bhd, Kuala Lumpur Kepong Bhd and others coming with very creative financing packages,” said Foo Gee Jen, Managing Director of CH Williams Talhar & Wong Sdn Bhd (WTW).
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