PETALING JAYA (May 18): OSK Property has announced its strategic partnership with Affin Bank, where aspiring homeowners of any of its projects will be eligible to enjoy low monthly payments for their home financing for the first five years under the Affin Home Step Fast/-i smart mortgage plan.
Under the partnership, Affin Bank will be offering up to RM300 million worth of end-financing for OSK Property's homebuyers. Existing Affin Bank customers will also enjoy a special freebie by purchasing any properties under OSK Property.
In a statement, sales and marketing of property development general manager Aemy Lim Chiew Teng said: "Cash flow and affordability in terms of monthly loan repayment are among the key factors that homebuyers are concerned with during the first few crucial years of homeownership. With this in mind, we are pleased to announce that our partnership with Affin Bank will now allow our homebuyers to service their installments with a low monthly payment consisting of loan interest only or more, depending on their cash flow."
Affin Home Step Fast/-i offers a margin of financing of up to 90% with an additional 5% allocated for MRTA/MRTT/MLTT/CLTA, legal and documentation costs, as well as stamping and valuation fee. Among the key benefits of the special loan package include loan tenure of up to 30 years or until 70 years of age for loan applicants with no lock-in period or early settlement fee. The financing applies to projects that are completed and under construction.
"The repayment flexibility provided by the Home Step Fast/-i financing is especially advantageous for young professionals who are still building their career, as well as young couples who are looking to settle down and start a family. It makes a big difference, as the five-year head start allows homebuyers time to strengthen their finances without compromising their aspiration of owning a home of their own. Notably, we are the first developer in Penang to offer the smart loan package," added Lim.
Meanwhile, the first property project to enjoy the smart mortgage plan by Affin Bank will be RUBICA, an upcoming OSK Property development that is located in Butterworth, Penang. Comprising one tower with a total of 230 units of serviced apartment, RUBICA is designed to cater for working professionals and young families who are looking for their first home. Set to be launched in the third quarter of this year and priced from RM484,000, RUBICA offers five layouts with sizes ranging from 946 to 1,335 sq ft.
Lim said that the loan also allows for the financing of home solar panel systems for the purchasers' new home to reduce carbon footprint, while generating long-term utility savings.
This year, OSK Property will be launching LEA by the Hills located in the matured and upscale neighbourhood of Taman Melawati in Kuala Lumpur. The new project offers 344 low-density condominium units, with built-ups ranging from 1,050 to 1,243 sq ft.
Also to be launched this year will be ANYA at Shorea Park in Puchong. The new phase offers spacious 1+1 to four-bedroom units that come in sizes of 560 to 1,389 sq ft. The serviced apartments are designed with dual-key entrances to cater for multigenerational living and for those who want greater privacy and convenience.
Edited by Wong King Wai
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