By Melisa Ng and Tong Sze Leng | Nov 17, 2009
Breaking new ground
The current property market though mature, lacks integration and focus.
A property buyer may often experience lengthy procurement processes, frustration and confusion on the next step to be taken.
As an innovative leader in the financial sector, the CIMB Group is constantly breaking new ground and revolutionising the property industry by adapting to real estate demands and improving the quality of its service. The objective is to provide an effective trading place that benefits everyone.
In Dec 2007, the CIMB Group’s plan to collaborate with business partners and buyers reached a new level with the launch of the CIMB Property Mart.
A unique property gallery located within Plaza Damansara, it serves as a one-stop centre that allows buyers to source for properties, familiarise themselves with the buying process, and obtain professional advice and financial services - all under one roof.
With this approach or direct service model in line with the department’s tagline, “All the properties you’re looking for Under One Roof,” customers are allowed to: · Explore a vast selection of properties ranging from bungalows, terraced houses and condominium units to apartments, shoplots and vacant land. · Gain access to thousands of properties in a single place – whether you’re an investor, businessman or someone looking for his very first home. · Enjoy pre-purchase financing consultations and after-sales service by experienced property advisors at no extra charge.
This is in line with the 3C’s business philosophy practised by the department in charge of the CIMB Property Mart:
* comprehensive products
* convenient accessibility
* credible platform
In short, a complete solution to meet the needs of today’s property market.
With extensive CIMB brand support and contribution from business partners, the CIMB Property Mart has progressed remarkably, with a 200% growth over the past three years in auction sales.
This shows that the CIMB Property Mart is gaining the trust of the industry and plays an active role in complementing the real estate sector in Malaysia as well as improving the quality of service in the property auction segment.
With the collaboration of CIMB Property Mart business partners, including property valuers, solicitors, auctioneers and real estate agents, the CIMB Group is able to provide the first-of-its-kind integrated property hub which offers a comprehensive, convenient and credible property shopping experience to all customers.
In conjunction with The Star’s Property Fair from Nov 27-29 at the Kuala Lumpur Convention Centre, the CIMB Property Mart will organise a property auction.
CIMB Property Mart representatives will be on hand to provide free consultation. There will also be contests sponsored by CIMB Property Mart with prizes worth RM 20,000 up for grabs.
* For details on properties up for auction at The Star’s Property Fair, visit www.cimbbank.com.my/propertymart or call the CIMB Property Mart hotline at 1300 88 0811.
CIMB Property Mart Mega Auction
Date : 28 Nov 2009
Time : Noon
Auctioneer : Leong Auctioneers
Date : 28 Nov 2009
Time : 3pm
Auctioneer : Ng Chan Mau Auctioneers
CIMB Property Mart Consultation Booths, E069 - E072
TIPS
Why buy at a property auction
An auction is a public sale in which the price is determined by bidding, and the property is sold to the highest bidder.
To participate in an auction means to bid to obtain an item. The person who offers the highest bid wins the right to purchase the property at that price.
1. Speed of the process
One of the fastest sales processes. It is also a smart investment choice as auction properties are sold at market value without having to go through any long drawn out negotiation.
2. Buyers set their own price and establish a value
The bidder is in control at an auction, and decides how much he can afford. Properties are sold at a fair market value.
3. Certainty of knowing what you’re getting
Wide range of properties sold at one place and bidders have the benefit of making a comparison of the various properties in a single location. The risk of abandoned housing developments can be avoided.
Click here for more details on The Star's Stylish Living Property Fair
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