{"id":3997,"date":"2019-09-09T08:47:46","date_gmt":"2019-09-09T08:47:46","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3997"},"modified":"2021-06-04T14:38:20","modified_gmt":"2021-06-04T07:38:20","slug":"more-rent-to-own-properties-for-first-time-selangor-buyers-soon","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/more-rent-to-own-properties-for-first-time-selangor-buyers-soon\/","title":{"rendered":"More rent-to-own properties for first-time Selangor buyers soon"},"content":{"rendered":"<p>Government and central bank officials in concerted effort to promote home ownership in the state<\/p>\n<figure id=\"attachment_3998\" aria-describedby=\"caption-attachment-3998\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3998\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_1146572774.jpg\" alt=\"\" width=\"1000\" height=\"601\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_1146572774.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_1146572774-300x180.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_1146572774-768x462.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3998\" class=\"wp-caption-text\">Sunrise at the Ampang Hilir Lake Garden, Selangor, Malaysia. Syok2aje\/Shutterstock<\/figcaption><\/figure>\n<p>The Selangor state government will be discussing opportunities with Bank Negara Malaysia for first-time home buyers to obtain rent-to-own properties, <a href=\"https:\/\/www.thesundaily.my\/local\/selangor-govt-bnm-discuss-ways-for-new-homeowners-to-have-rent-to-own-properties-AF1351165\" target=\"_blank\" rel=\"noopener noreferrer\">The Sun Daily<\/a> reported.<\/p>\n<p>Discussions will focus on making prospective home owners take full advantage of the \u2018Rumah Selangorku\u2019 scheme, along with the fund for affordable housing under the central bank.<\/p>\n<p>\u201cWe want to give more chances for first time house buyers to buy a comfortable home for themselves,\u201c said Haniza Mohamed Talha, Selangor exco on housing and urban living.<\/p>\n<p>Selangor housing authorities currently offer property seekers the opportunity to rent public housing at MYR450 to MYR900 a month through &#8216;Smart Sewa&#8217;. Under the scheme, 30 percent of the net rent will be returned to the tenants: counting towards their downpayment for their first \u2018Rumah Selangorku\u2019 home.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/malaysian-home-ownership-scheme-extended-until-december\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Malaysian home ownership scheme extended until December<\/strong><\/a><\/p>\n<p>The Selangor Housing and Property Board has so far acquired 979 units to be rented out under the scheme.<\/p>\n<p>In addition, Bank Negara Malaysia\u2019s MYR1-billion (USD239 million) affordable housing fund has been expanded to include buyers who earn up to MYR4,360, effective 1 September. The programme, introduced in early January, originally covered only those with monthly incomes of less than MYR2,300.<\/p>\n<p>The scheme has also been modified to let property seekers buy homes worth up to MYR300,000, up from MYR150,000.<\/p>\n<p>Ambank, Bank Simpanan Nasional, CIMB Bank, Maybank, and RHB Bank, among other commercial banks, have participated in the scheme. The programme is scheduled to last until 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government and central bank officials in concerted effort to promote home ownership in the state<\/p>\n","protected":false},"author":8,"featured_media":20263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[125,484],"class_list":["post-3997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-malaysia","tag-selangor","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More rent-to-own properties for first-time Selangor buyers soon | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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