In densely-populated cities such as Penang, budget-conscious homebuyers tend to shy away from strategic locations, not because they don’t want to live within the ease of all the infrastructure and amenities, but because the price tags are usually beyond their reach.
Even if the instalment payments seemed manageable, the hefty down payments would have made the dream harder to attain.
Taking cognisance of the general populace’s concern and needs, UDA Holdings Bhd (UDA) is offering a well-positioned condominium project in Penang under a special collaboration with Maybank Islamic to facilitate a less daunting financial commitment towards homeownership.
Under its subsidiary UDA Land (North) Sdn Bhd, the long-established Malaysian developer is building a block of condominium on four acres of land in Taman Pauh Jaya, Permatang Pauh. Named Evoke Residence @ Gravitas, the 35-storey project offers 300 units.
Designed in a V-shape structure, residents get a 180-degree dimensional vista which includes the most photographed landmark of the state – the Penang Bridge and its accompanying seaview, as well as the eye-soothing foliage of Bukit Mertajam.
Yes, the linking bridge is not just within sight but also conveniently within a 5km reach, where its main highways and the PLUS Highway would ease travel between the main land and the island.
Being near to tertiary educational institutions like Universiti Teknologi MARA (UiTM) Penang branch and Politeknik Seberang Perai, the area has ready amenities like supermarkets and schools to meet daily necessities. Strategically sited among other developing cities such as Bandar Seberang Jaya, Bandar Baru Peda and Bukit Mertajam, Evoke Residence is also an attractive investment option with promising potential.
The freehold development comes with complete condominium facilities including a swimming pool, playground, sky garden, gymnasium, tennis court, barbecue pit, covered car park, hall, surau and kindergarten. Without over-the-top renderings, maintenance fees can be kept to a minimal RM0.20 psf. At the same time, sustainable long-term maintenance is ensured.
The family-friendly units have spacious built-ups of 1,100 sq ft housing three bedrooms each. Offering different choices for unit types and views, they are priced between RM494,648 and RM541,380.
Buyers do not have to wait long for handover as the RM141.88 million GDV project is slated for completion by the end of this year.
A financing scheme that is easy on the pocket
For those who are keen to purchase a unit here but have yet to save enough for the 10% down payment, there is good news.
In conjunction with UDA’s 50th anniversary, the proactive developer has recently partnered with Maybank Islamic to enable purchasers to get Evoke Residence units through the Houz-KEY programme.
The main benefits of this innovative financing method are no requirement of down payment and a mortgage loan of up to 100% of the property price. To gain a higher chance of approval, this special scheme also allows the buyer to get three guarantors.
“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,” said UDA president and CEO Sr Mohd. Salem Kailany.
“With the low cost of moving in, this is a new method to help people own a home without having to take a longer time to save money to pay for a high amount of down payment,” he adds.
Aiming to raise the homeownership rate in the country, the HouzKEY programme is one of the conscientious developer’s effort in resolving the current hindrances towards that goal, especially in highly urbanised locales like Penang.
In tandem with its emphasis on customer-oriented business, UDA is constantly working on various initiatives to provide homes for Malaysians to call their own, and thus enrich their lifestyles.
Through the alternative financial assistance, UDA hopes interested buyers could obtain Evoke Residence Condominium units sans the burden of heavy financing.
On top of the HouzKEY scheme, buyers of Evoke Residence also get to enjoy various other rebates such as free maintenance fees for one year and free fees on sale and purchase agreement, memorandum of transfer and loan agreement. In addition, the developer understands the financial constraints brought on by the current pandemic and is also offering to waive late payment interest charges for up to 12 months, in the event buyers face difficulty in servicing the monthly instalments.
So, hurry and take advantage of all these promotional offers to own an address in one of Penang’s main neighbourhoods.
HouzKEY is open to all eligible applicants who meet the requirements set by Maybank Islamic. Interested buyers may contact the Sales and Marketing Division of UDA Land North Sdn Bhd for more information.
Sales gallery address: 24G, TPJ 1/1, Taman Pauh Jaya, 13700 Perai
Contact number: 011 1722 6215
Facebook: UDA Property Malaysia