Attractive buy: Yeo (third from right) at the three-day Setia Mega Exhibition in Johor Baru City Square which featured the newly launched gated and guarded Cycas Cluster houses. — NORBAITI PHAHARORADZI/The Star.
JOHOR BARU: SP Setia Bhd Group aims to achieve about RM200mil in sales in the third and fourth quarter of the year. SP Setia Bhd Group regional general manager Ricky Yeo said for the second quarter of the year, SP Setia southern region has achieved about RM160mil in sales.
“We noticed that the current property market is slowing down.
“Potential buyers are waiting on property developers to decrease the selling price of new development projects before purchasing,” he told reporters at their three-day Setia Mega Exhibition held in Johor Baru City Square.
They are already open for booking and lucky purchasers stand a chance to win attractive travel packages upon booking. Yeo added many developers are pulling out all the stops to attract buyers. They are also making sure that they price their product competitively to attract buyers. Yeo also said they are still targeting locals as the houses offer a conducive living environment..
“Although the value of our ringgit has decreased and this might lead to higher interest rates for bank loans, many are still buying as a long-term investment.
“This trend is obvious as many investors are purchasing shoplots,” he said, adding they are planning to launch three-storey shoplots at Setia Indah here by the end of the year.
