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Buying property gets easier, thanks to Price Lock
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uying property, whether an apartment or a house, can be a daunting prospect for some people. Not only is it very expensive, it is also highly risky because of the non-liquid nature of property as an asset.
In addition, the upcoming political years of 2018 and 2019, where the country will hold regional, legislative as well as presidential elections, could disrupt economic stability. This has sent many prospective property buyers into a wait-and-see mode, where they choose to withhold purchase until they can be sure they will get a high return from it.
“Therefore, currently many prospective property buyers have chosen to deposit their money instead of investing in property,” Sinar Mas land strategic development and services chief executive officer Ishak Chandra said.
Keeping these things in mind, property developer Sinar Mas Land has come up with a brilliant solution called the price lock, which makes it much easier for customers to buy property, regardless of the uncertainties related to the upcoming political years.
The price lock scheme allows you to buy property with Sinar Mas Land with a 15 percent down payment. Even better, you can complete the down payments through six to 24 installments.
“You only need to pay the 15 percent down payment now while the price declines and the remaining 85 percent can be paid in installments in 2020. We forecast that property prices will rise again in 2020 after the end of the political years.” Ishak said. He also claimed that buyers could then sell their property at a higher price and invest in a new one, therefore doubling their profit.
The property developer has forged partnerships with 11 banks to make mortgage procedures easier for those who would like to buy property through the price lock program.
“Thanks to our collaboration with the banks, approval for mortgage applications for the price lock program can be issued within two days. If their application is rejected, they will be notified right away by the bank,” Ishak said.
Alternatively, for people who would like to pay for their property in cash through the price lock program right now, Sinar Mas Land offers a 10 to 20 percent discount.
The price lock program has generated a positive response from the market.
“By the first week of December, we sold 850 apartments and houses, resulting in transactions totaling Rp 1.5 trillion. The positive response was because of our ability to respond to customers’ needs in terms of property purchase,” he explained.
The program will conclude on Jan. 1, 2018, so what are you waiting for? Get the apartment or house you have always dreamed of right now through Sinar Mas Land’s price lock program.
