This article was published in iProperty.com on 6th March 2017.
Kuala Lumpur, 2 March: The MAJU Group announces a unique home ownership programme, OwnitNow, in conjunction with the launch of Sky Five, Maju Kuala Lumpur, a 14-acre integrated transit-oriented development strategically located next to the KL-Seremban Highway.
For only RM2,000, the home buyer can immediately sign the Sale and Purchase Agreement (SPA) and be the proud owner of a 882 square feet loft apartment in a prime Kuala Lumpur location. The first 10% down payment is to be paid on a monthly basis spread over 42 months, interest free. Plus, the buyer only need apply for his or her home loan 3 years later from the date of the SPA.
Currently for many Malaysians, buying and owning a first home has become a dream that may just remain a dream. The goal of ‘a roof over our heads’, especially for the younger generation, has become extremely challenging due to escalating prices and stricter and stringent housing loan guidelines.
“We want to design and develop a product that is a great starter home in Kuala Lumpur”, explains Encik Mohd Faiq, Group Managing Director of Maju Holdings.
“And at the same time, we want to introduce a home ownership programme that comes with an innovative financing scheme that addresses the major challenges that many Malaysians wanting to get onto the property ladder face today.”
Designed specifically for first-time home buyers and upgraders, the OwnitNow programme addresses most, if not all, of the significant financing issues faced by a first-time home buyers or upgrader.
“We will also run roadshows collaborating with CTOS for first-time home buyers, so that they can plan and learn to improve their credit rating before applying for their loans”, adds Encik Faiq.
This financing scheme is also very practical for parents who are looking to invest or buy a property for their children. “They can easily transfer the ownership of the property to their children when they are older and ready to take on the monthly instalments”, adds Encik Mohd Faiq.
Also, for first-time and seasoned property investors, this is clearly a programme that they can leverage, with minimal upfront cash, to own a property in a prime location with great connectivity.
“Sky Five will be the first tower of the Maju Kuala Lumpur development launched in tandem with this programme”, adds Encik Faiq. Maju Kuala Lumpur offers contemporary and spacious double-volume loft apartments with the convenience of a host of retail and leisure facilities, and a 1 million sq ft shopping mall. Strategically located in Sungai Besi, Kuala Lumpur, it will be a transit-oriented development with a direct link bridge to KTM and MRT stations as well as easy access to 3 major highways – KL-Seremban Highway and Besraya Highway.
Pricing of the richly e-equipped Sky Five loft apartments ranges from RM590,000 to RM617,000, and the entire development is scheduled for completion by the end of 2021.
For more information on the development and the innovative financing scheme, please visit sureornot.my.