Property developer, Tropicana Corporation Berhad recently partnered with Maybank Islamic and rolled out a homeownership financing solution which offers 100% financing in collaboration with Maybank Islamic’s HouzKEY program.
This program will benefit first and second-time homebuyers as this home ownership solution provide zero payments during construction and the lowest monthly payments with the best rates in town.
Tropicana is one of the early adopters of the latest version of HouzKEY which allows the enjoyment of government incentives such as the Home Ownership Campaign (“HOC”) which offers stamp duty exemptions, MOT waivers and a 10% discount on the purchase of residential properties.
This partnership also allows for Bumi discount for eligible Bumiputra buyers and EPF withdrawal for monthly payments or direct deduction of principal.
Speaking on the partnership with HouzKEY by Maybank Islamic, Group Managing Director of Tropicana, Dion Tan commented, “We are proud to have Maybank Islamic as our financing partner. At Tropicana, aside from offering customer-centric products, we want to provide easy ownership solutions to our homebuyers too.
We believe the unique value propositions offered by Maybank will enable homebuyers to acquire Tropicana property with easy entry and minimal capital outlay. This solution only requires 3 months refundable deposit and it is easy plus attractive to our younger market segment. Coupled with our wide array of product offerings that range from high rise to landed abodes, for both ongoing and move-in ready properties, we believe this collaboration will be a win-win for all parties”.
“We are truly proud of this collaboration with Tropicana, and we believe that our HouzKEY product is 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,” said Sally Lye, the Managing Director of Maybank Real Estate Ventures.
The participating properties include the completed Paisley Serviced Residences and the newly launched Residences (South) within Tropicana Metropark, a freehold 88-acre masterplan in Subang Jaya, Edelweiss Serviced Residences at Tropicana Gardens in Kota Damansara and Tropicana Indah. Two other project offerings which are slated for completion in 2021 include the modern apartments of Aman 1 at Tropicana Aman, Kota Kemuning and Lakefield Residences at Tropicana Heights, Kajang.
In the southern region, Ayera Residences offers 2-Storey Park Homes nestled within the exclusive enclave of Tropicana Danga Cove, Iskandar Malaysia.
Aside from the HouzKEY home ownership solution, Tropicana is running its Tropicana 100 campaign which offers 100% deals for homebuyers to take advantage of.
In conjunction with the Chinese New Year, Maybank Islamic is also running the HouzKEY 2021 Ox-picious New Year Campaign offering additional RM800 vouchers for HouzKEY applicants until 8th April 2021 (while stocks last).
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