Sunway Property offers buyers financial help amid softer economy

Sunway Bhd’s property arm is providing financial assistance under its guaranteed loan scheme to help buyers own its products.

Under the Sunway Property Certainty Campaign, the group offers three packages which include the guaranteed loan, deferred payment and voluntary exit plan.

Sunway Property managing director Sarena Cheah said that this was to address issues arising from economic uncertainties that were affecting buyers, especially in terms of getting loan approvals.

Speaking at a media briefing, she said that buyers were given the additional option of applying for loans with Sunway besides with commercial banks, provided they meet the basic criteria.

Cheah said that homebuyers could also opt for the deferred payment option, with an initial down payment being as low as 3% and the buyers being able to pay the remaining amount after a period of 12 or 24 months.

“We also have put in place the option for purchasers to terminate their sale and purchase agreement if they lose their employment,” she said, adding that the campaign would end on Sept 30 this year. - The Star