From left: Titijaya Land Bhd executive director Datuk Faizal Abdullah, Titijaya group managing director Datuk Lim Poh Yit, Bank Islam Malaysia Bhd group chief business officer, group retail banking Mizan Masram and Bank Islam director retail assets Anuar Amin Ayob@ Haron.
KUALA LUMPUR: Titijaya Land Bhd
has inked a memorandum of understanding (MoU) with Bank Islam Malaysia Bhd to enhance strategic collaboration and expand access to affordable housing for Malaysians.
Under this MoU, Bank Islam will provide financing solutions that meet the unique needs of today’s homebuyers, providing the end-financing for them to acquire properties developed by Titijaya.
These solutions include a special financing package for eligible first-time homebuyers involving Skim Jaminan Kredit Perumahan - MADANI (SJKP-Madani) also known as the Housing Credit Guarantee Scheme, offered to Malaysians who want to purchase a home in Damaisuria, the group’s township project in Bukit Subang.
Titijaya Group managing director Datuk Lim Poh Yit said both companies shared a commitment to delivering products that address the needs of Malaysian homebuyers and adapt to changing market trends.
“Together, we will open up opportunities for many more young Malaysians and families to buy a home in Damaisuria and be part of this vibrant township,” he said in a statement.
Meanwhile, Bank Islam's group chief business officer, group retail banking Mizan Masram, said the bank’s latest home financing offer is among the most competitive in the market, featuring rates as low as 3.80% per annum.
“Moreover, customers applying for financing with Bank Islam for the Damaisuria project will benefit from our ancillary financing through our personal financing product, making it more convenient to cover home renovation and furnishing expenses. These comprehensive solutions will empower homeowners to create their ideal living spaces with greater ease and financial flexibility."
Titijaya also announced the preview of 264 @ Seiring, the next project within Seiring Residensi at its Damaisuria township. This development includes 264 freehold serviced apartments in a tower, with prices starting from RM270,000 per unit, aimed at meeting the demand for affordable urban housing.
Seiring Residensi comprises four towers with a gross development value (GDV) of RM677mil. The Damaisuria project as a whole has an estimated GDV of RM2bil.
