Rent To Own Scheme Malaysia

The buyers will first rent the home that they are interested in purchasing for a set amount of time usually 20 30 years before exercising the option to purchase the property at the end of the contract period.

Rent to own scheme malaysia. Budget 2020 announcement on rent to own scheme. On october 11 2019 the malaysian budget 2020 was announced. Written by iris lee. The somewhat new concept in malaysia operates based on a lease purchase contract between a potential buyer and developer.

The rto scheme aims to help first time house buyers or even those who want to upgrade their homes to purchase a property. At the end of this contract you can exercise the option to purchase the property hence rent to own. Maybank s sally lye saw im said houzkey uniquely locks in the property price for participants when they sign up for the rent to own scheme allowing houzkey participants to later enjoy the capital appreciation just like. Malaysia s first of its kind rent to own scheme facebook twitter to ease homeownership against the backdrop of a challenging financing landscape a leading financial institution in malaysia maybank group has taken the initiative to introduce its very own rent to own rto scheme.

Rent to own rto schemes and their various permutations offered by developers are a step in the right direction but there are several criteria if such schemes are to be a viable solution to home. One of the plans shared by the government is the introduction of their rent to own scheme. Tuesday 06 feb 2018 07 02 am myt.