OSK Property and Groupon Malaysia team up to promote Cyberjaya project

KUALA LUMPUR (April 16): Local developer OSK Property Holdings Bhd is tying up with group buy portal Groupon Malaysia to promote its Paragon Sofo suites at its Pan'gaea mixed-development in Cyberjaya.

Under the partnership, Groupon Malaysia will sell vouchers worth RM8,000 that can be used for down payment of the units at RM500.

The down payment is 10% of the unit prices — ranging from RM298,000 to RM750,000 — and excludes a booking fee of RM5,000.

The vouchers — which are for sale from April 16-30 — are valid from April 17 to June 17, and buyers are limited to four units, with one voucher only usable for purchasing one unit.

Buyers using the Groupon voucher from April 20 — the official launch date of the project — to April 29 are entitled to an early bird rebate, developer interest-bearing scheme, free sale and purchase agreement (SPA) legal loan documentation, disbursement and loan on stamp duty, no-interest installment plan and one to three car park bays per unit.

The Sofo units range from 503 sq ft to 1,350 sq ft and come in five types, namely studios as well as units with one bedroom, 1+1 bedrooms, two bedrooms and three bedrooms.

"With this deal, budding homeowners will enjoy significant savings on our Paragon SOFO suites where original prices range from RM298,800. These Groupon vouchers will allow purchasers to enjoy additional rebates on top of what is already provided during the early bird privileges," said OSK Property in a statement on Tuesday.

Meanwhile, Groupon Malaysia and Groupon Taiwan CEO Joel Neoh said: "From the very beginning, Groupon has sought to provide customers with amazing deals so that they in turn are able to enjoy amazing life experiences. With this new deal, we’ve taken that promise to yet another benchmark as we welcome property hunters into the wonderful world of Groupon."