Ling (right) with Diana Ooi from the Hiichikok Foundation Home For Children Care, one of the recipients of the donation, at the launch of the HCK X’tra Financing Programme.
PROPERTY developer HCK Capital Group Bhd has pledged to donate RM300,000 to several children’s homes following the launch of its new financing programme for house buyers.
The fund will come from part of the proceeds raised by the developer’s “HCK X’tra Financing Programme, ” a scheme that assists house buyers purchase a property.
HCK Capital Group executive director (property division) Dr Dennis Ling said the HCK X’tra Financing Programme not only helped prospective homeowners buy a property, but also helped tide over children’s homes facing dwindling public donations.
“While the scheme enables more people to have a home to call their own, we also want to ensure we do not neglect the underprivileged, ” he said.
He is confident of hitting the RM300,000 target based on a preliminary market study.
He said many charitable organisations had been financially strapped for some time due to the current economic condition.
He added that some homes even faced having their utilities cut off as they could not pay the bills due to a drastic drop in public donations.
Under the HCK X’tra Financing Programme, house buyers will be entitled to an easy payment scheme of up to 10% of the property value for a maximum of five years, interest-free.
This, said Ling, would allow more house buyers to purchase property, especially those who had obtained only Extr80% loans from banks, which were becoming more conservative in their lending policy these days.
“After paying 10% as downpayment, these borrowers are still short of 10%.
“This is where the scheme helps house buyers bridge the gap, ” he said, adding that it was only valid for properties within the HCK Capital Group.
The HCK Capital Group has carved a niche building education cities throughout Malaysia.
Its RM1.3bil GDV “edusentral” mixed development project in Setia Alam, Shah Alam incorporates the Peninsula International School Australia, the first institution in the country to offer the Victorian curriculum.
Its other projects include the RM1.8bil edusphere in Cyberjaya which houses a medical school and edumetro in Subang Jaya which will incorporate an international school where classes will commence in 2020.
HCK Capital Group is no stranger to corporate social responsibility programmes.
Besides periodic contributions to charitable organisations, it has committed RM1.1mil in scholarships to needy students for 2019.
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