By Khairul Azran Hussin
SHAH ALAM, Dec 13 — The Rent-to-Own Smart Scheme (2Stay) initiative is offering 2,175 units of houses for the lower income segment to rent.
Selangor state executive councillor for housing Rodziah Ismail said the rental units for Rumah SelangorKu Harapan and Rumah Idaman were aimed to assist those facing difficulty in obtaining bank loans to buy their first homes.
“The scheme provides a minimum rental period of two to five years. After that period is up, the tenants will be given the choice of purchase, or otherwise.
“If they don’t purchase the home, they have to move out but will receive back 30 per cent of the rental paid,” Rodziah Ismail told SelangorKini.
The Rumah Selangorku Harapan and Rumah Idaman houses are equipped with air conditioning units, kitchen cabinets, wardrobes and water heater.
On July 13, the Selangor Menteri Besar Dato’ Seri Amirudin Shari said the 2Stay scheme is to assist the lower income bracket segment (B40) to own their dream homes at less than RM200,000.
Last year, the state government had purchased 993 units of houses via the Selangor Housing and Property Board (LPHS) to ensure the success of this initiative which was introduced in 2016 to assist the group with renting and owning (homes).
