ELIGIBLE homeowners fret not for there is always ready funds available for them.
A case in point is how purchasers of Aston Acacia, Hua Yang Bhd’s high-rise residential project in Bukit Mertajam, Penang can look forward to full (100%) financing with only a three-month fully refundable deposit required.
This is made possible with Hua Yang becoming part of Maybank Islamic’s HouzKey Homeownership Plan.
With the tie-up, Hua Yang as a leading property developer in the affordable housing sector can now offer home financing solutions for first and second home buyers.
Launched in January this year, Aston Acacia comprises two towers of freehold service apartments under its Phase 1 (311 units).
Hua Yang’s CEO Ho Wen Yan said the homeownership plan presents the developer with an opportunity to assist future homeowners with a flexible finance plan that does not require any down payment.
“We will also assist the buyers further by not requiring any payment throughout the construction period,” he pointed out.
Maybank Real Estate Ventures managing director Sally Lye described HouzKEY as the perfect solution for homeownership in the current market.
“Working together, we are widening our reach and opening up opportunities for more Malaysians to own properties without having to worry about the high upfront costs associated with purchasing a property,” he enthused.
“We want to be the game changer in the market with Maybank continuing to lend its support in home ownership programme in Malaysia in line with the bank’s mission in humanising financial services.”
A 100% financing programme, Maybank Islamic’s HouzKey only requires the buyer to pay a fully refundable three-months deposit. The progressive payments during the construction phase are also financed so that customers only start paying when they move in.
The homeownership plan also offers the lowest monthly payments with sale price of Aston Acacia starting from RM292,600 to RM546,000. It will be launched this month following which Hua Yang hopes to reach out to a wider audience for Aston Acacia.
Sitting on 4.4 acres of land, Aston Acacia which boasts a gross development value (GDV) of RM269 mil offers practical spaces with units starting from 701 sq ft. Future residents will have access to a gymnasium, squash court, swimming pool, jacuzzi, sauna and a BBQ garden, among others.
Those interested to apply for this unique financial plan must be a Malaysian citizen aged between 18 to 70 years old. Candidate must not have more than one home financing during application and must provide up to three guarantors to boost the success of their HouzKey application. – Dec 15, 2020