BM / CN
“Should I buy a home that’s still under construction or should I wait until the home is near completion?” This is a thought many first time homebuyers have as they plan for the future. With interest rates being at a record low, we’ve seen an increase in interest from first time homebuyers purchasing new homes.
Here we explore the benefits you’ll be able to enjoy as a homebuyer if you buy a home from Kinta Properties that is still under construction:
- Special rebates / promotions from developers
One of the main benefits of buying a home that is still under construction is the special rebates or promotions offered. Offered for a limited time, these special rebates or promotions together with incentives from the government will help you purchase your dream home at a lower price than after completion.
Let’s take double storey link home Oak2 as example, priced from RM384,800 with rebates from Bandar Baru Sri Klebang’s 20th
anniversary, homebuyers will be able to enjoy a rebate of RM20k and together with 7% bumi discount – getting you one step closer to your dream home.
Oak2 is a brand new collection of double storey link homes, find out more here.
- The early bird catches the first worm
Homebuyers don’t only benefit from special rebates or promotions if they purchase homes that are still under construction but they will also be able to choose their preferred lots. From the direction the home faces to units that may come with a bigger parking space, this is also one benefit first time homebuyers can enjoy if they purchase homes that are yet to be completed.
In Taman Meru Mentari, homebuyers queued the night before to choose their preferred lots, En Zul who was first in line said, “I had a preferred lot at the end row that I really liked, that’s why I came to queue at 8:30pm”.
- Interest rates being at the lowest it has ever been!
In purchasing a home that’s still under construction, you’d be required to begin paying your monthly instalments three months after the Sales and Purchase Agreement (S&P) has been signed. Doesn’t really sound like a good deal does it? But with interest rates being at the lowest it has been since 2010, this will greatly impact your loan / financing repayment over the course of the agreed loan duration which is the standard 30 years.
Find out more on how the current low interest rates will affect your loan repayment here.
- 50 years developing homes and building communities
With a reputation of developing quality homes and building strong communities for more than 50 years, Kinta Properties stands out as Perak’s leading lifestyle developer. Our expertise is built on an extensive collection of more than 6000 homes, from townhomes to condominiums and a golf resort to master-planned communities. From first time homebuyers, solo professionals to older people wanting to be supported to live independently, and luxury living to affordable homes.
- A care programme just for you
Our care programme, stylized as K4U offers a top to toe home buying solution exclusively for homebuyers; starting from financing to moving into your dream home. With expert financial help that will help you plan for the future, a 16 month extension to the standard 24 months home warrant which gives homebuyers 40 months in total. 4 years home content insurance which protects your personal possessions worth RM50k which is effective from the date of vacant possession. Another interesting one would be the easy move in where TNB and LAP meters are readily available as you move into your new home together with two years free Broadband.
Owning a home can be a big step especially for first time homebuyers but we are always here to help. Find out more on the latest promotions we’re offering, click here. Call or WhatsApp our friendly sales team at 012 500 8018 if you have any questions.