Maju Holdings introduces home ownership programme with launch of Sky Five
This article was published in TheEdgeProperty.com.my on 2nd March 2017.
KUALA LUMPUR (March 2): Maju Holdings Sdn Bhd announced a home ownership programme dubbed “Own It Now” in conjunction with the launch of Sky Five in Maju Kuala Lumpur, Sungai Besi.
Sky Five, comprising 618 loft apartments, will be the first tower of the Maju Kuala Lumpur development launched in tandem with the home ownership programme, said Maju Holdings group managing director Mohd Faiq Abu Sahid (pictured) at the launch of “Own It Now” today.Located on a 14 acres of land, Maju Kuala Lumpur is a mixed development by ASM Development (KL) Sdn Bhd, a wholly owned subsidiary of Maju Holdings.
With a gross development value (GDV) of RM4.5 billion, the leasehold development is made up of a nine-storey shopping mall and seven 29-storey residential sky towers, which house a total 4,200 loft apartments.
The 882 sq ft loft apartments come with three bedrooms and two bathrooms, while their selling prices range from RM590,000 to RM617,000. Maju Kuala Lumpur is scheduled for completion by end-2021.
Under the “Own It Now” scheme, buyers can immediately sign the Sale and Purchase Agreement (SPA) and become the owner of the fully furnished loft apartment for RM2,000 and apply for a loan later, said Mohd Faiq.
The 10% down payment is to be paid on a monthly basis spread over 42 months and interest free —the buyers only need to apply for a home loan three years from the date of the SPA, he added.
“The goal of ‘a roof over our heads’, especially for the millennials and younger generation has become extremely challenging due to the escalating prices and stricter and stringent housing loan guidelines,” he said.
Thus, Maju Holdings has come up with the home ownership programme that is designed specifically for first-time homebuyers and upgraders to address most of the significant financing issues faced by them, and the company would apply the programme in their future projects, Mohd Faiq noted.
“We will also run roadshows collaborating with CTOS for first-time homebuyers so that they can plan and learn to improve their credit rating before applying for their loans,” he said.
Own It Now is brought to you by Maju Kuala Lumpur and powered by Property365.my. This home ownership programme addresses most, if not all, of the major challenges faced by first-timer home buyers and upgraders.
The purpose of Own It Now is also to help young Malaysians, Gen Ys and the millennials, better understand the home-buying process and start planning their journey towards owning their first home.
We want to change mindsets and provide them with a platform to better understand and learn about property ownership, and hopefully inspire them to start planning to buy their first home.
The information contained in this website is subject to change and cannot form part of an offer of contract. All photos, renderings, artist impressions and all measurements are approximate. While every reasonable care has been taken in the preparation of this material, the developer and its consultants cannot be held responsible for any inaccuracies.