Maybank and property developer UEM Sunrise have opened a home-financing scheme that lets buyers hold off on payments until the day they get their keys.
The plan, called HouzKEY, offers full 100% financing with no downpayment and no instalments during the construction period, across 10 housing projects aimed at first-time and second-time homebuyers. Under the arrangement, purchasers pay nothing while a project is still being built, and only begin payments once they receive the keys to their home.
For the first five years buyers also get financing at the lowest offered rate, putting down a refundable three-month deposit instead of a large downpayment. They benefit from stamp-duty and transfer-memorandum exemptions under the government’s Home Ownership Campaign, which had been extended to the end of the year.
UEM Sunrise chief executive Sufian Abdullah said the company was confident the plan would help more customers, including first-time buyers, realise their dream of owning a home built by the developer.
In Johor, the scheme covers projects including Aspira Gardens in Gerbang Nusajaya and Senadi Hills and The Maris at Desaru Coast. In the Klang Valley it takes in KAIA Heights and Residensi AVA at Kiara Bay in Kepong.
Maybank says the plan is aimed at people who want to buy but are held back by the upfront cost, and sets eligibility at Malaysian citizens aged 18 to 70 who hold no more than one existing home loan.
Sources
- HouzKey | Apply Housing Loan Online | Maybank Malaysia
- Program HouzKEY UEM Sunrise, Maybank tawar skim tanpa wang pendahuluan
