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    January, 2024

    SkyWorld Offers Maybank’s Mydeco Financing Scheme

    SkyWorld Development Berhad (“SkyWorld” or the “Company”), a leading urban property developer with business interests in Kuala Lumpur City, has partnered with Maybank to offer MyDeco, an innovative home interior makeover financing scheme, to all SkyWorld’s homeowners. This collaboration provides SkyWorld homeowners a seamless solution for enhancing their living spaces.

    Maybank MyDeco is a first-of-its-kind, home renovation financing scheme introduced by Maybank that allows homeowners an additional 30% margin of finance or up to a combined total of 120% of the property value. To apply for Maybank MyDeco financing, SkyWorld homeowners with existing mortgage with Maybank can easily access Maybank MyDeco via SkyWorld’s Solution+, an e-commerce marketplace under the SkyWorld Connects app that connects homeowners with home solutions partners ranging from interior design and financing to furniture, home appliances, and other home services.

    The collaboration ceremony took place at SkySierra Residences, (The Valley) at Setiawangsa, Kuala Lumpur, which was recently handed over with a record 100% sold for all 1,309 units.

    According to Lee Chee Seng, Chief Executive Officer of SkyWorld Development Berhad, this new financing product assists SkyWorld homeowners to realise their dream home renovations.

    “This partnership with Maybank is a testament to our unwavering commitment to our customers’ needs and aspirations,” he says. “By offering Maybank’s solutions such as MyDeco, we understand that turning a house into a dream home involves more than just the structure; it’s about creating an environment that reflects one’s unique style and personality. Maybank MyDeco offers a simple and accessible financing solution to make this transformation a reality.”

    Tracy Pan, Executive Vice President and Head of Mortgage for Maybank’s Community Financial Services Malaysia added that the Bank offers Mortgage eco-system innovative financing solutions to help individuals achieve their ideal home interior dreams.

    “By understanding our customers’ needs at different stages of their lives, we are able to offer products that meet their evolving requirements. Maybank provides a holistic financing ecosystem for home ownership, from financing the purchase of a home to financing renovations and decor, as well as protecting assets through various insurance and takaful schemes. This is a testament to our commitment to customer-centricity,” she says.

    She continued, “We are excited to collaborate with SkyWorld, who recently made its debut on the Main Market of Bursa Malaysia in July. With 100% take-up on The Valley here alone and 10 new developments by 2026, with an expected total gross development value (GDV) of RM4.1 billion; we look forward to a fruitful and dynamic partnership.”

    Aside from its full take-up rate, SkySierra Residences (The Valley) has also been recognised with an 86% Quality Assessment System in Construction (QLASSIC) score and a 92.6% Safety and Health Assessment in Construction (SHASSIC) score. Both are the highest scores obtained by the Company to date in both respective assessments and stand as a strong testament of SkyWorld’s commitment to delivering high-quality homes to Malaysians.

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