PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY. 

Under HouzKEY, Malaysian buyers of Tropicana Metropark in Subang Jaya (SouthPlace 2 Serviced Residences), Tropicana Alam in Puncak Alam (Avisa Residences) and Tropicana Gardens in Kota Damansara (Edelweiss Serviced Residences) will enjoy 100% financing with no payments during the construction period, and will pay lower monthly payments upon completion. There will be no downpayment required and customers will receive exclusive rewards. 

“With this winning partnership and attractive offerings, first-time homebuyers and upgraders who are eager to own a home can now do so without worrying about the high initial cost. This also provides greater flexibility and cash flow efficiency, specially designed to assist those who intend to be homeowners but are unable [to], due to budget constraints,” said Tropicana managing director of marketing and sales Ixora Ang at the signing ceremony held here on Tuesday. 

She added that Tropicana has partnered with Maybank Islamic for the sixth year this year, offering home financing solutions to some 120 homebuyers so far. 

“We are pleased to continue our HouzKEY collaboration with Tropicana. Since the beginning of our partnership with Tropicana in 2019, both organisations have been steadfast in supporting homeownership in Malaysia. This is very much aligned with the key intent of HouzKEY that is to cater to aspiring homeowners to own their first home without the worry of huge financial commitments upfront,” said Maybank Group chief executive officer (CEO) of Islamic banking and Maybank Islamic Bhd CEO Datuk Muzaffar Hisham at the press conference. 

In Tuesday’s ceremony, Tropicana also announced its partnership with Ikea Malaysia to offer furnishing packages for homebuyers of SouthPlace 1 Serviced Residences in Tropicana Metropark, Subang Jaya.  

“SouthPlace 1 is 100% sold and will be completed and handed over to homebuyers by the end of this second quarter. We are partnering with Ikea Malaysia to provide two furnishing packages for all SouthPlace 1’s homebuyers,” Ang said. 

Ikea Malaysia offers two home furnishing packages, called Popular Modern and Scandinavian Modern, that are priced between RM21,000 and RM29,000. HouzKEY homebuyers of SouthPlace 1 will receive a 7% discount off the package, while non-HouzKEY homebuyers will receive a 5% discount. 

“Through this opportunity of partnering with Tropicana, we are confident that this partnership will enable us to reach a wider audience across Malaysia, offering home furnishings at an affordable price without compromising on quality. Together, we aspire to create a better everyday life for all by making home furnishing more accessible and enjoyable, especially when building the home of their dreams,” said IKEA Malaysia country retail director Malcolm Pruys.