WCT Land and Maybank introduce financing packages up to 120% to support homebuyers

• Buyers may opt for either conventional or Islamic financing, with flexible repayment terms of up to 10 years or until the age of 70. 

KUALA LUMPUR (Aug 11): WCT Land Sdn Bhd, the property development, investment, and management arm of WCT Holdings Bhd, has partnered with Maybank to provide up to 120% financing for purchasers of its GreenRE-certified developments in a bid to ease affordability pressures amid rising living costs. 

In a media briefing here on Monday, WCT Holdings’s chief operating officer of property development, Chong Wah Hing revealed that the initiative offers a loan margin of 95%  with an additional 5% allocation for ancillary costs, complemented by Maybank’s MyDeco Financing, which offers up to 30% extra funding (capped at RM250,000) for interior design and furnishings. 

The plan is available for eligible buyers of Aras Residences and Maple Residences in W City OUG, Kuala Lumpur, as well as Adison Serviced Apartments in W City Larkinton, Johor Bahru. 

Buyers may opt for either conventional or Islamic financing, with flexible repayment terms of up to 10 years or until the age of 70. 

Chong also noted that WCT is exploring potential partnerships with other financial institutions but declined to provide further details at this stage. 

In a statement, WCT said such measures make sustainable living more financially accessible, supporting Malaysia’s national sustainability agenda and the target of achieving net-zero greenhouse gas emissions by 2050. 

Aras Residences, a freehold park-front serviced residence within the 63-acre WCity OUG masterplan in KL, was launched for sale last month and has recorded a 30% take-up rate. The development is slated for completion in the fourth quarter of 2029.

The development consists of 1,272 units, offered in two layout configurations: 850 sq ft with two bedrooms and two bathrooms, and 1,062 sq ft with three bedrooms and two bathrooms. 

Units are listed from RM660,000. Chong emphasised that the pricing remains competitive and is in line with prevailing market conditions.

Green certification 

At the same event, WCT Land reported that 80% of its ongoing developments, excluding affordable housing, have attained green certification, underscoring the company’s commitment to advancing sustainable urban development.

“They exemplify WCT’s focus on responsible urbanisation, integrating energy-efficient design and sustainable features while maintaining strong connectivity to KL’s key transport and lifestyle hubs,” Chong added. 

Aras Residences received the Provisional GreenRE Silver Certification for its energy-efficient features, including solar-ready infrastructure, natural ventilation, rainwater harvesting systems, and energy-saving lighting. 

Following the media briefing, Chong told EdgeProp that Aras Residences marks WCT Land’s fourth green-certified development, after Pavilion Mont Kiara (Silver), Maple Residences (Bronze), and Adison Serviced Apartments in Johor (Bronze).  

He added that upcoming projects are also expected to achieve green certifications, reflecting the company’s long-term sustainability commitment. Chong expressed satisfaction with the growing environmental awareness among buyers, particularly younger demographics, noting an increase in inquiries about the company’s green initiatives. 

Chong confirmed that Aras Residences fully complies with current regulatory guidelines for electric vehicle (EV) infrastructure, providing 21 EV chargers as required. Meanwhile, Maple Residences condo has introduced two to three chargers as a starting initiative.

Government support needed to increase homeownership 

WCT Land is urging the government to introduce further incentives for first-time homebuyers, extend the Home Ownership Campaign (HOC), and consider measures such as corporate tax relief and exemption from real property gains tax (RPGT) to cushion the impact of rising construction material costs. 

While no specific figures were disclosed, these proposals form part of the company’s broader strategy to encourage homeownership and sustain industry momentum.  

Does Malaysia have what it takes to become a Blue Zone, marked by health and longevity? Download a copy of EdgeProp’s Blueprint for Wellness to check out townships that are paving the path towards that.