KUALA LUMPUR: OSK Property has announced its strategic partnership with Affin Bank, where home owners of any of its projects will now 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.
“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,” said property development sales and marketing general manager Aemy Lim.
“The repayment flexibility provided by the Home Step Fast/-i financing is especially advantageous for young professionals who are still building their careers, 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,” she said.
As part of the collaboration, the first property project that will enjoy the smart mortgage plan is Rubica, an upcoming OSK Property development that is located in Butterworth, Penang. Comprising one serviced apartment tower of 230 units, 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 2022 and priced from RM484,000, it offers five layouts with sizes ranging from 946 sq ft to 1,335 sq ft.
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, stamping and valuation fees. Among the key benefits of the package include a 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 both projects that are completed and under construction.
Under the strategic partnership, Affin Bank will be offering up to RM300mil worth of end financing for OSK Property’s homebuyers. Existing Affin Bank customers will also enjoy a special gift with their purchase of any properties under OSK Property.
“Further pushing OSK Property’s agenda to support environmentally sustainable lifestyle among our homeowners, the loan also allows for the financing of home solar panel system for purchasers’ new home to reduce their carbon footprint, while generating long-term utility savings,” added Lim.
This year, OSK Property will be launching Lea by the Hills located in the matured and upscale neighbourhood of Taman Melawati, Kuala Lumpur. The new project offers 344 condominium units, ranging from 1,050 sq ft to 1,243 sq ft, with tranquil views of the surrounding verdant hills of Taman Melawati, set against the majestic landscape of the Klang Gates Quartz Ridge.
The next property to be launched this year will be Anya at Shorea Park in Puchong. The new phase offers spacious 1+1 to four-bedroom units with built-ups ranging from 560 sq ft to 1,389 sq ft. The serviced apartments are designed with dual-key entrances to cater for multi-generational living and for those who wish for greater privacy and convenience. For further information, please visit OSK Property at www.oskproperty.com.my