KUALA LUMPUR (Aug 19): Berjaya Land Bhd (BLand) is partnering with Maybank Islamic Bhd to offer HouzKEY, a home financing solution made available under the "Own A Home Campaign", for its project in Bukit Jalil called The Tropika.

BLand said under the financing solution, homebuyers get to enjoy easy entry as they are only required to pay three months' security deposit upfront.

"It is a home ownership solution that is designed for first-time homebuyers and upgraders who are eager to own a home now without worrying about the upfront cost.

"Furthermore, HouzKEY offers greater flexibility and better cash flow as they can opt to stay first and choose to purchase the property within five years," BLand said in a statement today.

BLand's executive director Syed Ali said: "We are delighted to be part of Maybank Islamic's HouzKEY. With minimal initial cost and greater flexibility, this solution would enable a lot of upgraders and first-time buyers to own a home."

Commenting on the project, Syed Ali said The Tropika is located at a strategic location and would be able to yield positive returns and substantial appreciation gain which translates into wealth accumulation towards homebuyers.

Sited on 6.5 acres of freehold land, The Tropika is a unique nature-inspired mixed development and lifestyle hotspot comprising residential and commercial components that combines community living with city conveniences.

Berjaya Property senior general manager Tan Tee Ming expressed confidence that the financing solution would contribute greatly towards its sales at The Tropika.

"Young people face challenges in obtaining higher loan margins hence making it difficult for them to own a property. However, with this innovative solution, one can stay in a unit for RM1,500 per month for a property value of RM617,000 for the first two years and evaluate before exercising the option to purchase," Tan said.

Maybank's Real Estate Ventures managing director Sally Lye said the response and feedback that the group had received for its financing solution has been positive.

"We hope to continue paving the way for Malaysian homebuyers in their homeownership journey," Lye said. "As part of our mission in humanising financial services, it is important for us to be able to assist more and more Malaysians in securing their dream home."