IJM Land Bhd has formed a strategic partnership with RHB Bank Bhd (RHB) to bring forth a buy-back scheme for home buyers and homeowners. This scheme marks its entrance as the first-ever innovative financial solution in the property industry – SWITCH.
The partnership is bound to make the SWITCH Scheme a success, allowing homeowners to return their property to the developer in the event of involuntary unemployment by their employers during the coverage period, from the date of the Sale & Purchase Agreement and up to a 12-month period from the date of CCC (Certificate of Completion & Compliance).
Two projects, Savvy @ Riana Dutamas KL and Duta Perintis Apartments @ Bandar Alam Suria, will kick start this pilot scheme. Savvy @ Riana Dutamas KL is a freehold serviced residence with a built-up size ranging from 722 to 1,232 sq ft.
Conveniently located near KL City and close to public amenities, the property’s starting price is from RM540,000 and is expected to complete by 2024. Duta Perintis on the other hand is a low-density apartment that measures about 850 sq ft, with three bedrooms, two bathrooms, and along with two designated car park bays. Selling at an affordable price, starting from RM310,000, Duta Perintis is a must-have address for nature lovers and families.
“IJM Land has always been devoted to the aspiration of Malaysians who yearn to own a place called home. We are working diligently towards ensuring that their dreams will become a reality, and together with RHB as our partner, this entails the creation of value-added packages, one-of-a-kind campaigns, benefits and incentives that will make home ownership easier and less burdensome for all,” said Dato Edward Chong, Chief Financial Officer of IJM Corporation Berhad.
“We are proud to be working closely with established property development partners such as IJM Land to enable customers to buy the home of their dreams. SWITCH helps to address some key challenges faced by aspiring new homeowners, including the possibility of involuntary unemployment. This allows them to step confidently ahead towards owning their own homes,” said Jeffrey Ng Eow Oo, Managing Director of Group Community Banking, RHB Banking Group.
Running in conjunction with the SWITCH Scheme is no other than the group’s first annual campaign, Living Masterpiece. Under this campaign, IJM Land is here to assist aspiring home seekers in owning their dream home by offering attractive deals and customise easy ownership plans according to their lifestyle and requirements. With that, IJM Land customers can create their own masterpiece in the property of their choice.