MCT is offering rebates, discounts to drive property sales

MCT Bhd is giving rebates, cash backs, discounts and a fully furnished package for some of its projects to help lessen the burden of homebuyers in the bottom 40 per cent and middle 40 per cent income groups (B40 and M40).

The list of projects include the group's Lakefront Homes in Cyberjaya.

Lakefront Homes is part of MCT's Lakefront mixed development comprising condominiums, villas, and commercial outlets.

MCT has introduced a campaign called Sama Sama Special, which is taking place throughout the Movement Control Order (MCO) period.

It is reaching out to its community of homeowners and potential buyers through video meetings; WhatsApp video-call service; 360 virtual tours of show units as well as personalised online video presentation services from now to May 12 or until the MCO is lifted.

In a statement, MCT said it is offering an extended period for house buyers in the B40 and M40 groups to make initial deposits and rebates of up to RM20,000.

It is also extending a special rebate for healthcare and public services frontliners of the war against Covid-19.

For Lakefront Homes, among the current promotion is the easy ownership where buyers are given a 3+3-month grace period to seek end-financing facilities and to pay the initial deposit of RM2,825 in smaller instalments.

Additionally, a cash incentive of RM10,000 will be provided to buyers who successfully secure loan facilities within three months from the date of booking.

If buyers secure the loan within three to six months from the booking date, they will be entitled to a RM5,000 cash incentive.

MCT recorded revenue of RM461 million for the 12 months ended December 31, 2019, driven by sales for projects with high completion rates and construction progress.

The group is expecting to complete and hand-over more than 3,000 units of properties across four projects.

In July 2019, MCT launched Park Place I @ Cybersouth which recorded a take-up rate of 44 per cent as of December 31, 2019.

The group's gross profit margin remained healthy at 39 per cent.

Moving forward, MCT's focus will remain at residential properties that are priced between RM250,000 and RM750,000, with some commercial units to complement the completed projects.