Get Your Dream Home With Only RM1

Get Your Dream Home With Only RM1

Spending long hours indoors in recent months for the sake of our health and safety must have got many Malaysians thinking more about their future. And for most, a dream home will likely be in the horizon.

A recent survey has shown that Malaysians, ranging from those looking for their first home to existing homeowners and investors, do not plan to delay property transactions this year.

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So, if you are currently looking for a home in a better location, more room for your family or you’re an investor on the lookout for a good property investment now, here’s why you should not miss out on this opportunity.

UEM Sunrise’s ‘The Happy Chase’ campaign is offering easy entry for buyers to own a home with attractive rebates and rewards on top of what is already offered under the government’s national Home Ownership Campaign (HOC) 2020 – 2021.

During the duration of this campaign, you can get hold of your dream home for just RM1 booking fee.

How to get additional savings on your property purchase

If the low interest rates and additional savings from the HOC 2020-2021 are attractive enough for you to start thinking about buying a property this year, here’s how you can take advantage of these market conditions by making your move now.

1. Low interest rate environment

Malaysia’s overnight policy rate (OPR) hits a record low at 1.75% in July 2020. A low interest rate environment like this may not be seen again in the coming decade. So, if you are in the market for a property purchase, you should not miss out on this opportunity.

The Base Rate (BR) of your home mortgage is based on the OPR set by Bank Negara Malaysia. Getting your loan in this low interest rate environment means starting your mortgage at a much lower BR. Since BNM only reviews the OPR every quarter, the low interest rate you are getting now will not change drastically overnight.

In fact, the OPR stayed within a range of 2.75% to 3.25% from 2010 to 2020. Getting a home loan now means benefitting from a low BR starting at 1.75% to give you a head start in interest rate savings.

Here’s how you can get massive savings if you get a home loan now:

Loan amountRM500,000
Loan tenure30 years
Base Rate (BR)*2.80%2.80% - 0.25%*

= 2.55%
Home loan interest rate3.60%
(2.80% + 0.8%)
3.35%
(2.55% + 0.8%)
Monthly repaymentRM2,273RM2,203
Total interest paid over 30 yearsRM318,362RM293,284
*based on the bank reducing BR by 0.25% when the OPR is reduced by 25 basis points.

2. HOC benefits from the government

Under this campaign, buyers of properties priced between RM300,000 and RM2.5 million will get stamp duty exempted for the first RM1 million. This exemption is available until May 2021. In short, this allows you to pay much lower or even no stamp duty at all for your property purchase.

Here’s an example of how much you can save in stamp duty payments now.

 Property price RM500,000Stamp duty amount
Stamp duty for the transfer of ownership title1% for the first RM100,000

2% on the next RM400,000
3% on additional amounts above
RM9,000
Stamp duty for RM450,000 loan amount ((minus RM50,000 paid for downpayment)0.5% of loan amountRM2,250
Total savings on stamp dutyRM11,250

This savings in stamp duty payments can instead be put towards the downpayment, renovation and other costs.

3. Lower barriers to enter the property market

From first-time homebuyers to investors, the barriers to enter the property market are much lower now with the additional initiatives from the government.

Under the earlier government’s Economic Stimulus Package (ESP), the revised voluntary Employee Provident Fund (EPF) contribution from 11% to 7% adds up to a larger take-home pay for salaried employees which can translate to being able to afford higher monthly instalment payments for property purchases.

As for property investors, there’s the added incentive in the lifting of 70% margin of financing limit for the third housing loan onwards among the short-term schemes under the government’s PENJANA Short-Term Economic Recovery Plan. This means a much lower downpayment for your third home onwards.

Good homes, great locations from a reputable developer

UEM Sunrise is running The Happy Chase campaign to allow Malaysians to utilise all the incentives offered under HOC by the government with additional rewards and perks under the campaign.

This campaign offers house buyers every savings possible to make it easy to own a UEM Sunrise property. There are 27 projects available under this campaign to cater to all types of property investors.

Chase your dream to own a home with just RM1*

Put your dream home within reach with these exciting offers

  • Attractive rebates*
  • Waiver on SPA & Loan Legal Fees*
  • Stamp duty waiver on MOT & Loan*
  • Subsidised maintenance fees*
  • Extended Defect Liability Period*
  • Special furnishing packages*

*Only available for selected projects. Terms & conditions apply.

Want to make your property purchase even more rewarding? Lookout for these additional promotions where you stand a chance to win valuable freebies.

  • Win a Cuti-Cuti Malaysia holiday package

Purchasers can enter the lucky draw to win with 3 days 2 nights stay in 4 and 5-star hotels in Port Dickson, Melaka, Kuantan, Desaru Coast, Penang, and Pulau Pangkor.

  • Get a free 1-year subscription to Naluri Life digital health app

Purchasers of selected properties will get free subscription to this app which offers interactive health coaching from professional coaches and psychologists, habit tracker and a journal to capture daily thoughts and food intake.

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