GEOTRADE Sdn Bhd has become the first property developer in Penang to offer the guaranteed property investment return scheme to buyers of its Ferringhi Hills Resort project following yesterday's signing of a master policy for total maturity value of RM50mil with Malaysian Assurance Alliance Bhd (MAA Assurance).
Under the scheme, buyers of the project would receive a guaranteed sum assured of RM500,000 at the end of the maturity period of 35 years, Geotrade general manager Khoo Boo Yeang said.