Buying a new project in Johor Bahru takes into account many costs including down payment, legal fees, renovation costs and so forth, which is especially daunting for first-time buyers. But after you get over that, you’ll be faced with the monthly instalments which could prove quite costly for homes that are more expensively priced. Because of this, many tend to shy away from the idea of purchasing a home because of these costs.
But what if we told you that you can afford the monthly commitment of owning a Johor Bahru project? With the many financing initiatives now, owning that new project in Johor Bahru is within reach because these home ownership schemes are there to reduce the costly burden.
Well, now with the step-up financing loan plan and Mah Sing’s Secured campaign, buying a new project in Johor Bahru could be your dream come true.
What is step-up financing? It is a loan plan that is designed to help middle-income groups who earned between RM2,000 and RM15,000 in purchasing a home. The step-up financing loan plan, which was introduced in 2017 and known as PR1MA End Financing Scheme, enables this group to afford higher loan amounts at lower monthly repayments.
To apply for this step-up financing, you can go through several financial institutions. These are the financial institutions you can apply with:
|Financing Schemes||Financial Institution||Eligibility||Scheme Description|
|CIMB Step Up (Flexi Own)||CIMB||For completed residential and under-construction residential properties. Up to RM1.5 million property value.||You can get monthly instalments reduced by up to 10%, and you only begin paying from the sixth year onwards.|
|Affin Bank Home Step Fast-i||Affin Bank||Individuals were aged 18 and above For financing and refinancing of residential properties that are completed or under construction.||You only make payment of profit for the first five years, which allows for lower commitment. You can get a financing tenure of up to 30 years or an age of 70 (whichever comes first). There is also no maximum limit for financing amount – so you can go for any new launch in Johor Bahru that is within your affordability.|
|Maybank MaxiHome Ezy||Maybank||For completed residential and under-construction residential properties. Minimum property purchase price of RM100,000 to a maximum of RM2 million.||You can enjoy lower monthly commitments for the first five years and have more cash in hand for other items such as renovations.|
|AIA Fixed Rate Mortgage||AIA||Malaysian citizens can apply. Foreigners, permanent residents and non-residents can also apply with conditions. The minimum value of the property is RM200,000.||Monthly instalments will be fixed, and you can enjoy a longer repayment period of up to 35 years or until the age of 70 (whichever comes first) – this means lowered repayments for that Johor Bahru project you have been eyeing!|
On top of the step-up financing scheme, you can enjoy additional incentives when buying a Mah Sing new project in Johor Bahru with the Mah Sing’s Secured campaign.
Mah Sing’s Secured campaign helps you reduce even more financial burden with incentives* including:
So, if you are on the hunt for a new project in Johor Bahru that is strategically located, you’ll be glad to know that Mah Sing, Malaysia’s top developer, will be launching their first M series here as a serviced apartment in Johor Bahru!
Mah Sing’s M Series revolves around the concept of affordable homes in prime locations that value easy access to amenities, as well as being surrounded by perks of connectivity and established infrastructures.
Especially great for young homeowners, Mah Sing’s M Series are made to be located in city centres, or as landed linked homes in suburban areas to offer residents the best lifestyle aspects!
In Johor Bahru, the first launch will be named M Minori. It is set to be a freehold property with three blocks of approximately 1,500 units, and will also be fitted with a community lifestyle facilities deck. It will be located nearby educational institutions, MCD, Starbucks, and shopping malls by the likes of AEON Tebrau, IKEA Tebrau, Lotus’s Tebrau, Lotus’s Setia Tropika, AEON Dato’ Onn, and more.
Offering a modern and affordable lifestyle, this new project in Johor Bahru will see four types of units up for sale including a studio and a three-bedroom unit. Built around the pillars of calm, comfort, convenience and care-free living, M Minori could be the right Johor Bahru project for you.
So, register your interest today!
*Terms and conditions apply.