Tropicana teams up with Maybank Islamic to offer 100% financing for property purchase

PETALING JAYA (March 10): Tropicana Corp Bhd partners with Maybank Islamic to offer a homeownership financing solution that offers 100% financing in collaboration with Maybank Islamic’s HouzKEY program.

Tropicana group managing director Dion Tan said in a press release: “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 a three-month 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.”

According to Tropicana, the program targets first- and second-time homebuyers as it provides zero payments during construction and the lowest monthly payments with the best rates. 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) that offers stamp duty exemptions, MOT waivers and 10% discount on the purchase of residential properties. This partnership also enables Bumi discount for eligible Bumiputra buyers and EPF withdrawal for monthly payments or direct deduction of principal.

Maybank Real Estate Ventures managing director Sally Lye said: “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.”

The participating properties include the completed Paisley Serviced Residences, and the newly launched Residences (South) within Tropicana Metropark, a freehold 88-acre master plan in Subang Jaya with a direct link to the Federal Highway complemented by a 9.2-acre Urban Park and the GEMS International School.

Another property is Edelweiss Serviced Residences at Tropicana Gardens which boasts a central location in Kota Damansara and Tropicana Indah with a direct connection to the Surian MRT Station and the one million sq ft Tropicana Gardens Mall.

Two more offerings that are slated for completion in 2021 are the modern apartments of Aman 1 at Tropicana Aman, Kota Kemuning which is a walking and biking community with an 85-acre central park, Tenby International School and SJKC Bukit Fraser; and the linked villas of Lakefield Residences at Tropicana Heights, Kajang — a freehold 199-acre masterplan sited on a former golf course which has a 16-acre central park and a two-acre recreational hub.

In the southern region, Ayera Residences offers two-storey park homes nestled within the exclusive enclave of Tropicana Danga Cove, Iskandar Malaysia.

Concurrently, Tropicana is running its Tropicana 100 campaign which offers 100% deals for homebuyers. 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 April 8 this year.

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