Tuesday, July 3, 2012

Buy one house get another one free

Developers are using this innovative marketing approach to boost property development in both countries, Nanyang Siang Pau reported.

However, buyers will have to purchase a RM10mil residence (S$4million) in China to get their free luxury home valued at RM500,000 in Malaysia, the paper said.

The local developers would maintain and rent out the property for the foreign owners and, at the same time, help them apply for the Malaysia My Second Home programme.

Many Chinese developers have purchased a large number of properties in Malaysia, which they give away as gifts to customers who buy houses worth between RM10mil and RM20mil.