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Township property sales surge ahead of CNY

SibuJaya’s roadshows have proven to be interesting and colourful for the people.

 

SIBU JAYA: With the Lunar New Year just days away, properties in the Sibu Jaya township has been experiencing an overwhelming spike in sales.

Pleasantly surprised, Eddy Puah, the senior manager for Distrepark Sdn Bhd, one of the developers in the township, thanked buyers and invited guests to its CNY Open House at the Pearl Avenue Showhouse on the third day of the celebrations.

“Over the last 10 days, we recorded (sales of) up to 20 units for our Pearl Avenue homes apart from another eight cases pending loan approval by the banks,” a beaming Puah reported.

The company also closed another four deals involving two industrial units and two of its three-storey shoplots now under construction.

Attributing this surprised sales to the growing confidence the public had for this young and vibrant township, Puah also said the New Year homecoming exodus and effective outreach campaigns further boosted sales.

“We have been reaching out to home buyers and property investors through roadshows and other campaigns. The public is now very excited about Sibu Jaya’s rapid expansion,” he said.

On the commercial side, Puah said of the more than 100 newly completed shops, some had already opened for business while the rest were expected to start soon.

“There are around 30,000 people residing in Sibu Jaya with another 30,000 from the surrounding sub-districts and suburban towns. It’s normal that businessmen want to tap into this vast population bank,” Puah ex- plained.

“With more than 5,000 homes built and more than 5,000 new homes to be built, investors, business operators and home owners are very keen to be located in Sibu Jaya.”

Hypermarkets and other chain stores from peninsular Malaysia and other parts of Sarawak were also reported to be eyeing Sibu Jaya as their new location.

“We are not at liberty to disclose details as negotiations are currently under way. But it is safe to assume Sibu Jaya is on the threshold of another boom,” Puah said.

https://www.thestar.com.my/metro/community/2016/02/05/township-property-sales-surge-ahead-of-cny