Subang Jaya, 12 December 2024 – Avaland Berhad (“Avaland”) and MBSB Bank Berhad (“MBSB Bank”) have announced a strategic collaboration to facilitate homeownership, particularly for first-time buyers and those entering the property market. This exclusive partnership offers tailored financing solutions that align with Avaland’s commitment to delivering sustainable and accessible housing options.
During the signing ceremony, Aw Sei Cheh, Chief Operating Officer of Avaland, expressed his satisfaction with the partnership. “This collaboration with MBSB Bank is a significant step towards empowering homebuyers with the means to make informed choices. By providing access to properties that prioritise sustainability, we are contributing to a greener and more responsible future,” he stated.
As part of the initiative, Avaland will extend a RM500 credit to MBSB Bank customers who purchase homes from the AVA Ria or AVA Prime series, credited directly into their MBSB PrimeGold-i Accounts. This benefit underscores Avaland’s dedication to enhancing its customers’ homeownership journey.
Mr. Usman Ghouse, Group Chief Consumer Banking Officer of MBSB Bank, reaffirmed the bank’s dedication to sustainability and innovation in financial solutions. “This partnership represents a key milestone in our efforts to promote first-time homeownership and sustainable living. It aligns with our vision of delivering meaningful financial solutions that serve the needs of the communities we support,” he remarked.
Avaland has distinguished itself as a leader in sustainable property development, with all ongoing projects earning the prestigious GreenRE certification, a recognition of its steadfast commitment to environmental responsibility and sustainability.
This partnership announcement coincides with Avaland’s robust financial performance for the third quarter ended September 30, 2024 (3Q2024). The company reported a net profit of RM68.2 million, more than double the RM28.5 million achieved during the corresponding period of the previous year. Revenue surged by 92% to RM664.4 million, driven by strong property sales, which increased by 60% to RM683.7 million. As of September 30, 2024, Avaland reported unbilled sales of RM964 million, providing a solid foundation for sustained earnings growth.
For more information and to explore Avaland’s groundbreaking initiatives, please visit www.avaland.com.my.
