Buy-back scheme for housebuyers


Chong (left) and RHB Secured Assets head Anuar Amin Ayob at the scheme’s signing ceremony.

CHALLENGING economic situations and financial obligations have resulted in many Malaysians putting off home acquisition, while others had difficulty financing their purchases.

The Switch buy-back scheme – a collaboration between property developer IJM Land and RHB Bank – allows houseowners to return their properties to the developer in the event of involuntary unemployment during the coverage period, from the date of the sale and purchase agreement and up to 12 months from the date of receiving the Certificate of Completion and Compliance.

Two projects will kick-start the pilot scheme: Savvy at Riana Dutamas KL in Kuala Lumpur, and Duta Perintis Apartments in Bandar Alam Suria, Selangor.

“We are proud to work closely with property development partners such as IJM Land to enable customers to buy their dream home.

“Switch helps to address some key challenges faced by aspiring homeowners, including the possibility of involuntary unemployment.

“This allows them to step confidently ahead towards owning homes,” said RHB Group Community Banking managing director Jeffrey Ng Eow Oo.

IJM Corporation chief financial officer Datuk Edward Chong said, “With RHB as our partner, this leads to the creation of value-added packages, benefits and incentives that will make home ownership easier and less burdensome for all.”

The property developer’s Living Masterpiece campaign that runs until December 31 also offers attractive deals.

IJM Land is offering complementary interior design concepts (selected properties) to homebuyers.

Buyers will also benefit from customisable and easy ownership schemes, as well as great savings and incentives ranging from free legal fees on loans, free stamp duty and free furnishing packages.

This campaign covers projects under construction and ready-to-move-in homes in Seremban 2 as well as the country’s northern and and south-east regions.

Existing IJM Land customers can participate in the Priority Programme, where they are entitled to rewards of 1% (silver), 1.25% (gold), and platinum (1.5%) on their new property purchases.

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