Are you planning to upgrade your property portfolio but worried about selling your current property first?
Through our partnership with a developer offering a Property Trade-In Program in Penang, homeowners can trade in their existing property and upgrade to a brand new property in selected developments.
This program helps eliminate the uncertainty of selling on the open market while securing your next property. It is an ideal solution for homeowners who want a smoother and more convenient way to upgrade their property portfolio.
Your current property will undergo a preliminary evaluation to determine eligibility for the trade-in program.
You can select a new property from the developer’s available projects (see below).
The developer will offer a trade-in value for your existing property based on the bank’s valuation.
Once the transaction is finalized, the developer’s bank redeems your existing loan and the purchase of your new property is completed.
Trade-in value is typically 12% – 20% below bank valuation
The purchase price of the new property is usually about 25% above the trade-in value
If your property has an existing housing loan, monthly installments must continue until completion
The Property Trade-In Program is suitable for homeowners who:
Want to upgrade to a new property
Prefer a simpler and faster transition
Do not want the hassle of marketing and selling their property themselves
Want to avoid the risk of buying first before selling
Below are selected developments where homeowners may trade in their existing property and upgrade to a brand new unit.
#1 NANYANG STREET COMMERCIAL SHOPHOUSES – RAJA UDA, BUTTERWORTH.
Located in the vibrant Raja Uda commercial district, these modern commercial shophouses offer strong visibility and excellent business potential. The project is ideal for investors, entrepreneurs, and business owners looking for strategic commercial property in Butterworth.
#2 TRI BRIGHTON – 3-STOREY TRIPLEX TERRACES, PERMATANG PAUH.
Tri Brighton features modern 3-storey triplex terraced homes designed for spacious family living. The development offers contemporary architecture and comfortable layouts within the growing residential area of Permatang Pauh.
#3 URBAN RIZE – 2-STOREY TERRACES, SG. DUA, BUTTERWORTH.
Urban Rize offers 2-storey superlink terraced homes designed for modern lifestyles. Located in Sungai Dua, the project provides convenient access to amenities, schools, and major roads connecting Butterworth and the mainland.
If you are considering upgrading your property through the trade-in program, CONTACT US for a preliminary assessment of your property.
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