UDA Holdings And Maybank Islamic Offer HouzKEY Financing For Evoke Residence
Author Avatar

houzkey maybank islamic

Government-linked company and urban developer UDA Holdings Bhd has partnered with Maybank Islamic to begin offering the bank’s HouzKEY home financing solution for its Evoke Residence condominium units.

UDA Holdings emphasised that this move is in line with the company’s commitment to introduce initiatives that promote and facilitate home ownership. It also hopes that this collaboration will ease the burden and provide alternative financial aid for its interested buyers.

To clarify, Maybank Islamic’s HouzKEY is an alternative home financing solution that caters to aspiring homeowners who are unable to purchase houses due to the high initial cost. Essentially a rent-to-own scheme, the solution allows individuals to rent their desired property for a specified period before having the option to purchase it at a pre-agreed price. It also offers other additional perks, including having to pay only three months’ worth of refundable deposit to secure your property, as well as getting to enjoy 100% financing.

mohd salem kailany

(Image: The Star)

The president and chief executive officer of UDA Holdings, Mohd Salem Kailany, commented that Maybank Islamic’s HouzKEY solution will allow individuals to own a home without having to save long for a high down payment. “As property prices increase from time to time, HouzKEY is the best option, especially for young people who are still renting or for first-time home buyers who find it difficult to provide a 10% down payment,” he said.

Meanwhile, the managing direct of Maybank Real Estate Ventures, Sally Lye, noted that the collaboration will help more Malaysians to own properties without having to worry about the high upfront costs. “We want to be the game changer in the market, and Maybank will continue to lend its support in home ownership programmes in Malaysia, in line with the bank’s mission in humanising financial services,” she added.

evoke residence

UDA Holdings’ Evoke Residence is a 35-storey condominium project located in Seberang Perai, and is priced between RM494,648 and RM541,380. With the HouzKEY financing solution, home buyers get to rent the units for five years before eventually purchasing the property.

(Sources: The Sun Daily, Malay Mail)

0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Home Loans Articles
Post Image
Malaysia Loan Moratorium 2021 Guide: Should You Take The 6-Month Deferment For Your Loans?
Pang Tun Yau
- 9th July 2021
Under the PEMULIH stimulus package, Malaysia will once again see a 6-month moratorium for all loans, applicable to […]
Post Image
Malaysia Bank Moratorium: Why You Should Opt For The 6-Month Deferment For ALL Loans (Updated)
Pang Tun Yau
- 6th May 2020
EDITOR’S NOTE: This article refers to the 2020 loan moratorium, and the information here may be outdated. Please […]
Post Image
Public Bank Extended Moratorium: Flexible Arrangements To Reduce Loan Instalments Until End-2021
Jacie Tan
- 7th August 2020
Public Bank has released the details of its Covid-19 assistance for those who will still be in financial […]
Post Image
Applications For PEMULIH Loan Moratorium Start Today – Here’s What You Need To Know
Alex Cheong Pui Yin
- 7th July 2021
On 28 June 2021, Prime Minister Tan Sri Muhyiddin Yassin announced that a second six-month loan moratorium will […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image