Owning a home with a Kuala Lumpur address has numerous perks and conveniences. Affordability is however an issue, and not many can afford to buy a home within Malaysia’s capital. One common hurdle to home ownership is the difficulty in obtaining a housing loan. Even if your mortgage application is approved, paying the hefty downpayment can be a burden.

SkyWorld has now however made it possible for young home buyers to purchase a home within the country’s capital – with the Maybank Islamic's popular scheme – HouzKEY. With this scheme, buyers are now able to buy a brand-new home at SkyWorld’s Bennington Residences at Setapak, Kuala Lumpur.

With Maybank HouzKEY, buyers no longer need to pay the 10% downpayment. They only need to pay the 3 months refundable deposit and are able to move in immediately to the 3-bedded luxury upmarket condominium by paying the monthly payment from as low as RM1,950. The HouzKEY scheme also offers many other benefits, which are explained in detail later in this article. We will, however, illustrate the perks of buying a home at Bennington Residences first.

View Actual Unit & Move-in Instantly

Bennington Residences is a brand-new residential development in Setapak, K.L and it is also the game-changer in the area with its upmarket look and sophisticated feel. This ambitious project is very strategically located and affordably priced with attracting many home buyers and investors.

Buyers can hence visit the actual unit they wish to purchase and able to move in immediately as the units are ready and semi-furnished. For the Quality Assurance, Bennington Residences obtained a high QLASSIC score from Malaysia’s Construction Industry Development Board (CIDB), a testament to its superb quality and excellent workmanship.

A Record-Setting and Multi-Awarded Project

Bennington Residences comes with a diverse range of facilities that promote a healthy and well-balanced lifestyle. Out of the total 42 facilities across 4 levels, several have established new records. For instance, it is the first residential development in Malaysia with a 120m Infinity Loop Pool, First Triplex SkyLounge & SkyGym, and also the First 2-Acre Rainforest-Themed Development with the “Best Regional Landscape Architecture in Malaysia” at the prestigious Asia Pacific Property Awards in 2017.

Other communal facilities include two Sky Spas, a Star Lounge, Sky Jacuzzi, a Sky Theatre, a party pavilion with BBQ pit, an open exercise terrace and an interactive lawn for children. In addition, the rooftop at Level 40 boasts panoramic 360-degree views of nature and Kuala Lumpur city. To the north lies the verdant Selangor State Park and the Titiwangsa Mountains, while to the southwest is the magnificent skyline of Kuala Lumpur.

And that’s not all – the development is also located just adjacent to the brand new SkyArena Sports KL which is targeted to be completed in Q2 2020 and it will be opened soon for public and also the residents of the development.

A Home for Different Kinds of Families

Sited on 2.69 acres of land, Bennington Residences is a low-density project comprising of two 40-storey towers with a total of 580 units only. You can choose from 5 different layouts that cater to all sizes of families, be it small, large or multigenerational households.

Type A1 and A2 respectively measure 1,092 sf and 1,185 sf and each is equipped with 3 bedrooms. Type B1 and B2 have respective built-up areas of 1,283 sf to 1,392 sf and each comes with 3+1 bedrooms.

Type C1 and C2 respectively measure 1,236 sf and 1,289 sf and each is equipped with 3+1 bedrooms. Meanwhile, Type C3 has the same number of bedrooms but has a larger built-up area of 1,332 sf.

Type D and E are the dual-key units. Type D1 and D2 respectively measure 1,445 sf and 1,570 sf, while E1 and E2 have respective built-up areas of 1,450 sf and 1,547 sf. These units all come with 4 bedrooms.

Emerging Property Hotspot

Bennington Residences is situated in the heart of Setapak, one of the few areas in Kuala Lumpur that is seeing capital appreciation in its property sector.

Furthermore, it is situated in the 28-acre integrated development – SkyArena, which can also further boost the appeal of the location, with its brand new SkyArena Sports KL, Residential Towers, and the future developments in the township itself. There are many amenities nearby such as the well-known TARUC University College, Setapak Central Mall, Wangsa Walk Mall, Giant Hypermarket Setapak, AEON Big Wangsa Maju, and many more.

The connectivity from Bennington Residences is seamless with a mere 5 kilometres to the Kuala Lumpur City Centre, and minutes away to the Wangsa Maju LRT Station. Other metro stations at Ampang Park, Jelatek, Setiawangsa, Sri Rampai and Dato Keramat are also within minutes for driving distance.

Additionally, the project has good accessibility. It is linked to major roads like Duta-Ulu Kelang Expressway (DUKE), Kuala Lumpur Middle Ring Road 2 (MRR2), and Ampang-Kuala Lumpur Elevated Highway (AKLEH).

How Maybank’s HouzKEY Helps Aspiring Homeowners

We’ve elaborated on the selling points of Bennington Residences, now we’ll discuss the benefits of HouzKEY - A New Way To Own Your Home, along with the options it offers to home buyers.

HouzKEY, a homeownership solution by Maybank Islamic, provides home buyers easy entry with leasing a residential property for 12 months. Instead of paying the downpayment and additional upfront fees that you need to do so with a typical housing loan, you only need to pay the 3 months refundable deposit to secure a home in Bennington Residences. Hence, HouzKEY customers will get to enjoy 100% financing.

After a minimum tenure of 12-months with HouzKEY, the buyer has the option to purchase the house at the original locked-in price. This means if the property’s market price eventually increases, you will still only pay the agreed-upon amount if you decide to buy the property later on. Consequently, you benefit from the capital appreciation without facing the high upfront cost of buying a home via a traditional loan.

Another benefit of HouzKEY is that it allows home buyers to strengthen their application by pooling income with up to three other guarantors from their immediate family members.

With HouzKEY, for instance, you can own a home at Bennington Residences for only RM1,950 per month – which is comparable to the monthly instalments of a traditional mortgage sans the substantial upfront cost. Hence, we foresee a good response for this offer.

Given that the majority of the 580 units in Bennington Residences have already been sold since the project was completed, we advise you to take advantage of this rare deal.

About SkyWorld Development Group

Established in 2008, with one vision in mind – to be the best city developer that provides the ultimate sky living experience for the city communities in a sustainable environment. In 2014, SkyWorld introduced its first master development, the 28- acre SkyArena at Setapak. Ascenda Residences, the first phase of SkyArena was launched amidst positive response, recording an impressive 100% takeup. Following the successful launch, SkyWorld unveiled SkyAwani 1, the affordable home series at Sentul. The project recorded an impressive 100% take-up on the first day. SkyWorld continues its upward trend by unveiling SkyLuxe On The Park and Bennington Residences. Throughout the years, SkyWorld continues to build its brand presence by delivering its brand promise of building modern and integrated developments across Kuala Lumpur city and its position was further cemented by winning several key industry awards. SkyWorld’s latest quality pledge with the completion of SkyWorld Quality Centre also signaled another milestone for the growing company. The company will continue to acquire quality land banks as it prepares to embark on its mission to transform the city skyline.


VISIT www.skyworld.my/bennington OR call (03) 2727-7445 to find out more now!

(24 February 2020)