PETALING JAYA: Tropicana Corporation Bhd (Tropicana) is partnering with Affin Bank to support first-time buyers, young families and investors with home financing via the Home Step Fast/i campaign.
The campaign is a lifestyle ownership initiative that offers lower monthly instalments with greater cash flow for five years after vacant possession. With increasing home loan applications, Tropicana hopes to support the national home agenda and improve homeownership rates with the initiative.
“According to Bank Negara Malaysia data, market sentiment is positive with total loans applied for property purchases up 9.2% year-on-year to RM28.6bil in February and a relatively low overnight policy rate of 2.00%,” Tropicana marketing and sales senior managing director Joanne Lee said.
“Tropicana’s collaboration with Affin Bank is timely with this rise in demand and conducive environment, as the Home Step Fast/i campaign reduces upfront payment obligations, easing the homeownership journey. This can be utilised on post-vacant possession expenses such as stamp duty and renovation costs or can be saved for other expenses. This collaboration with Affin Bank is representative of the Group’s focus on smart partnerships and innovative solutions as it continues redefining the art of living,” she added.
The Home Step Fast/i campaign has no lock-in period or early settlement fees. The initiative also offers redraw facilities for excess payments, as well as coverage plans such as mortgage reducing term assurance (MRTA), fire insurance and householder insurance.
The campaign is available for all Tropicana residential properties under the Housing Development Act 1996 worth RM500,000 and above, which include Aman 1 and Hana Residences in Tropicana Aman and Edelweiss Serviced Residences in Tropicana Gardens.
Affin Bank mortgage business managing director Jessie Wong, Tropicana credit administration executive director Yew Kong Chee, Affin Bank mortgage business strategic alliance and end financing director Kelvin Chin, Tropicana marketing and sales senior general manager Ixora Ang and Affin Bank mortgage sales TTDI director Edward Cheah were also present at the event. Visit tropicanacorp.com.my to find out more.