SDB – Reside and Purchase 2.0
Move In, To Own It
SDB RAP2.0 Plan lets you own these prestigious properties for less than you’d imagine (subject to terms and conditions). With just 5% down payment and a housing loan that only kicks in when you have settled your zero interest instalments, your dream SDB home is finally within reach. Even better, early settlement will earn you additional incentives.
1. 5% down payment
2. Move in
3. Own within 18 months
By The Sea – Batu Ferringhi, Penang – Completed
– Low-density development comprising 3 low-rise blocks of 138 units of suites
Windows on the park – Cheras – Completed
– Premium units boasts lofty high ceilings
– Located on 8.9 acres of freehold land at Bandar Tun Hussein Onn, Batu 9, Cheras
– 3 blocks of high-rise condominiums
– Total of 540 units with a built-up range between 916 sq. ft. and 4,311 sq. ft.
Laman & Bayu – Puchong – Completed
– Spacious 2 and 2 ½-storey Semi-Ds
– 2,672 sq.ft. to 3,058 sq.ft, with 15 ft gardens for the family to enjoy
Posted in The Star on 4 March 2016
SDB unveils house-buying plan
KUALA LUMPUR: Property developer, Selangor Dredging Bhd, SDB said yesterday that RAP was the first programme of its kind by any developer in the country as it allowed consumers to own their home in just a few simple steps.
Traditionally, in standard home purchases, the sale takes place immediately. However, home prices are high and buyers will usually complete the transaction by securing a home loan from a bank. However, SDB said in the current economic conditions, this was becoming increasingly difficult to do.
Under the RAP programme, the buyers will place a 5% down payment on the selling price of the property. They will then have to conclude the sales documents and move into the home immediately, according to the company.
SDB said the buyers would then have to settle the loan differential over up to 36 months in zero-interest instalments.
They then have to pay off balance via a bank loan at the end of 36 months
“The RAP programme offers another alternative of buying a home. Monthly zero-interest instalments contribute towards reducing the purchase price needed to own the home.
“At the end of the residing tenure, the buyer will apply for a loan to cover the remaining purchase amount and take ownership of the property,” it said.
SDB said the RAP programme would provide buyers with a strong sense of ownership in their future home and build on their asset.