Orion IXL’s MyAngkasa Az Zahra in rent-to-own scheme

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KUALA LUMPUR: Orion IXL Bhd’s MyAngkasa Az Zahra Sdn Bhd has acquired 379 units in Tower B and Tower C of Datum Jelatek development here for a rent-to-own scheme. 

Orion IXL, a fintech and business solutions provider, said on Tuesday the online digital end-to-end solutions for the scheme covers the loan application to approval process and the agreement is for 15 years, via a build, operate and maintain business model. 

Datum Jelatek is an integrated development with a gross development value of RM1.2bil project undertaken by DatumCorp International, a unit of Perbadanan Kemajuan Negeri Selangor (PKNS). 

MyAngkasa Az Zahra signed the sale and purchase agreement with DatumCorp International to formalise the deal.   

Signing on behalf of MyAngkasa Az Zahra was its director Mohamad Shaharul Mohamad Shariff, while DatumCorp was represented by its chairman Norita Mohd Sidek. 

Shaharul, who is also the Group Chief Executive Officer of Orion IXL said, MyAngkasa Az Zahra will work closely together with Orion IXL to provide a fully integrated rent-to-own technology platform for the applicant to purchase and own the property without hassle and bank financial scoring exposure. 

“Orion IXL had previously developed an electronic online loan application system (Fintech system) from the stage of loan application to the loan approval process for the Cooperatives and Member Cooperatives of Angkasa. We will use the same business model to develop the fintech system for MyAngkasa Az Zahra’s rent-to-own technology platform,” he added.  

Just 3.5km away from KLCC, Datum Jelatek is connected to the Jelatek LRT station. The entire development consisted of both retail and residential components. 
Datum Jelatek offered home purchasers an option of four towers spread over 5.65 acres. It will have 712 residential units which are linked to a 319,000 sq ft net lettable area four-storey retail mall.  

The development is about 65% complete and slated to be completed in March 2020.

Angkasa comprises of cooperatives and member cooperatives of Angkatan Koperasi Kebangsaan Malaysia Bhd.