Gagasan Nadi Cergas Bhd expects more property sales for its Antara Residence development in Putrajaya after partnering with Maybank Islamic Bhd to offer HouzKEY programme to home buyers.
Qualified buyers can now purchase Antara Residence units with 100% financing and zero payment throughout the construction period. In addition, the programme entitles buyers to own a freehold unit of the development with low monthly payment.
Haji Wan Azman bin Wan Kamal, Group Managing Director of Gagasan Nadi Cergas Berhad says, “The partnership with Maybank Islamic signifies our commitment in making our development projects more accessible to first-and second-time home buyers, in line with the Government’s goal in addressing home ownership issues in the country.”
“Today, home buyers are no longer just looking for houses that are in convenient locations, but are also configured for comfortable living, working, and learning.”
“This sits nicely with our Antara Residence project, as our units are built on timeless, practical and multifunction designs, coupled with a comprehensive range of facilities to support the sustainable standard of living of residents. We look forward to the successful implementation of the HouzKEY programme for Antara Residence, and hope to extend it to the rest of our property developments as well.”
As of 31 March 2021, the Group has registered approximately 68% take-up on the Antara Residence development. The development is expected to be completed in the second half of 2022, with an estimated total Gross Development Value of RM240 million.
The Group’s property development segment registered RM15.3 million revenue or 28.5% of group revenue in the first quarter ended 31 March 2021, 5 times greater than RM2.9 million in the previous corresponding quarter.
The strong contribution was due to positive progress made for both the Group’s Antara Residence, and Selindung Ulu Yam development, an affordably priced township development under Rumah Selangorku and Perumahan Penjawat Awam Malaysia (PPAM).
Sally Lye, Managing Director of Maybank’s Real Estate Ventures says, “Teaming up with Nadi Cergas will offer a great opportunity for Malaysians to kick-start their homeownership journey.”
“This partnership not only shares our vision of enabling homebuyers to own their ideal home today, but also addresses their challenges in the homeownership journey by offering 100% home financing, no payment during construction and lowest monthly payment with the best rates in town.”