KUCHING: Property investors are urged to drop by the Pullman Hotel (Giza Room) from 10am to 7pm today to learn more about the Kingfisher at Great Lake Taupo, New Zealand.
Myland Partners, in conjunction with New Zealand’s leading property developer Globe Holdings, is proud to offer the development to Sarawakians.
Kingfisher development is an outstanding opportunity to benefit from a return on investment. Among the key drivers for this investment are strong population increase due to New Zealand’s progressive immigration policy and growing birth rates; many parts of New Zealand experiencing housing shortages; creating a reduced supply of properties and increasing demand.
“For property investors, this represents outstanding potential growth in demand outstripping the current supply and creating a substantial return on investment. New Zealand is now firmly in the recovery stage of the property cycle, with overall real estate value surpassing its 2007 peak in many parts of the country,” MyLand Partners Corp operations coordinator Mark Smith said at a press conference.
There are also tax advantages because as an investment-friendly country, New Zealand has no stamp duty, mortgage stamp duty, land tax, property purchase tax nor capital gains tax. Some countries (eg Australia) require property buyers to pay stamp duty tax, up to 3-4 per cent of the purchase price, he said.
Plus buying from overseas is simpler than it sounds. The government has no major barriers for overseas property investors and the market is growing with an upwards trend of 7-8 per cent, surpassing the 2007 peak. The value of property projects involved with lifestyle activities has grown at an average of 20 per cent and sales of such projects have increased in value by up to 10 per cent, said Mark.
“The property has up to 45 per cent discount on registered valuation and there are 75 lots in total. Prices start from 112,000 NZD.”
To make it more attractive, there is a 25 meter heated swimming pool at the extensive clubhouse facility.
Myland partners together with its East Malaysian marketer, Borneo Real Estate (BRE) will be holding an exhibition and seminar for those interested. The seminar is at 2.30pm.
Also present at the event were Myland Partners Corp director Farhad Moinfar, BRE negotiator Robert Kuok and BRE sales director Eunice Chan.
All property investors and homeowners are invited. For more queries, call 016-8877829 (Eunice Chan).