HOMES in Klang Valley are becoming increasingly expensive and out of reach for most young Malaysian families, professionals and executives. This is further exacerbated by:
1. Uncertain business environment
2. Unpredictable job market
3. Tightening of bank financing and credit
The above factors make it extremely difficult for young Malaysian employees to afford homes in the Klang Valley. As owning a home is an important goal for many young Malaysians, it becomes frustrating and demoralising when it is still out of their reach in spite of working hard.
KYY Home Sdn Bhd aims to address this massive challenge faced by young Malaysian employees. They have rolled out a unique programme to enable Malaysian employers to offer their employees a rare opportunity to own their own homes.
KYY Home Sdn Bhd strongly believes in this idea - that the best possible reward that an employer can give their most loyal and valuable employees is an opportunity to own a valuable asset in this uncertain and challenging economic environment. This is the quickest and most sustainable way for employees to create wealth and security for themselves. This enhances employee loyalty and satisfaction. There is no better way for an employer to reward loyal and committed employees.
KYY Home currently manages property portfolios worth over RM300mil.
KYY Home Sdn Bhd was founded by Dr K.Y. Lim in 2016. Dr K.Y. Lim is dedicated to his vision of making homes accessible and affordable to young Malaysian employees, professionals and executives through their highly popular “Corporate Employee Housing Welfare Programme”. This programme is also called the Black Card Membership and it enables employees to own a home without having to pay a down payment or even renovation and legal fees. KYY Home currently manages property portfolios worth more than RM300mil, of which 87% of its clients are from the middle- and low-income groups.
The Corporate Employee Housing Welfare Programme (The Black Card Membership) works in the following manner:
1. KYY Home will help employees secure a cost-effective housing loan from financial institutions, enabling them to purchase the properties.
2. KYY Home will handle all legal and documentation fees.
3. KYY Home will renovate the homes on behalf of the employees by delivering an attractive and modern living environment.
4. KYY Home will manage the property on the behalf of the employees.
5. KYY will find a buyer for the home after five years, if the employee seeks to sell the home to benefit from capital appreciation.
In addition to penetrating the real estate sector in Malaysia, KYY Home has also set foot in Asean countries.
KYY Home Sdn Bhd Fact Sheet:
1. KYY manages a portofolio of RM350 Million.
2. KYY handles and manage 250 properties in Klang Valley and Johor Bahru.
3. KYY is expanding into the ASEAN and China region.
4. KYY seeks to manage a portfolio of RM1 Billion by 2020.
5. KYY seeks to empower 1 million employees to own homes by 2030.
