Subang Jaya – Avaland Berhad (“Avaland”) and MBSB Bank Berhad (“MBSB Bank”) are collaborating to make home ownership more accessible. This exclusive partnership facilitates homeownership, especially for first-time home buyers and those entering the property market. By partnering with MBSB Bank to offer tailored financial packages for their properties, Avaland continues to support its customers on their journey to homeownership.
At the handshake event, Aw Sei Cheh, Chief Operating Officer (COO) of Avaland shared that he was pleased to partner with MBSB Bank. “Through this partnership with MBSB Bank, we are empowering homebuyers to make informed decisions by choosing properties that not only offer shelter but also contribute to a greener and more sustainable future,” he said.
As part of an exclusive partnership, Avaland is offering MBSB Bank customers a RM500 credit into their MBSB PrimeGold-i Account when they purchase homes from the AVA Ria or AVA Prime series, enhancing their homeownership experience.
Mr. Usman Ghouse, Group Chief Consumer Banking Officer of MBSB Bank, was also present at the event and emphasized the bank’s commitment in driving sustainable finance solutions and initiatives. “This partnership is a key milestone for our bank, as it promotes both first home ownership and greener living to the communities we serve,” he added.
Avaland has firmly established itself as an innovator in sustainable development, with all its ongoing projects proudly achieving GreenRE certification. This recognition highlights the company’s steadfast commitment to sustainability and environmental stewardship.
Avaland recently reported its upward trajectory in the third quarter ended September 30, 2024 (3Q2024), with net profit more than doubling to RM68.2 million, compared to RM28.5 million previously, while revenue rose 92% to RM664.4 million from RM346.6 million. Property sales rose by 60% to RM683.7 million, fuelled by high take-up rates for ongoing projects. As of September 30, 2024, unbilled sales stood at RM964 million providing strong earnings visibility for the coming years.
For more information about the Avaland please visit www.avaland.com.my.