I found out that this HouzKEY Rent to Own by Maybank quite helpful especially during MCO. For those who considering to invest or get a new property for own stay or investment purposes.

1. ZERO Downpayment
2. ZERO Progressive Interest
3. ZERO Legal Fees
4. ZERO Commitment fees
5. Only pay 50% of monthly instalment

It's applicable to one of the NEW development in KL City Centre area. I think this very helpful for those who looking around with lower risks.

Please share with me what you think

Hi Debrizio Wong. You're from Polygon right?

yes, i am :-)

Okay, since you're an agent.

Your goal is to raise awareness about Rent 2 Own and its benefits in order to increase your sales.

Be upfront about your intentions, nothing wrong to position yourself as an expert in Rent2Own (don't think there are any agents specialising in Rent2Own here yet).

You can start by writing a guide on Rent2Own. I'm sure the moderators will allow it.

I have seen you opening a few threads trying to start discussion of the projects you sell to bait discussion and potential prospects.

We can all see what you're trying to do.

This post has been edited by Zwean: Apr 28 2020, 10:52 PM

no worries. Appreciate Zwean :-)

Any differences between before, during and after MCO?? should be the same thing?? if can apply on 3rd house and onwards, then is better...

same thought here...

Yeah no free died chicken on the road de lar..

The main purpose of this facility of to help those first home buyer or second home buyer with lower risk. I think it's fair if the buyer own less than 2 properties before apply for RTO. Before MCO the buyer need to pay the commitment fee but now certain selected RTO projects the buyer don't need to pay the commitment fee.

But those 3rd house onwards, they might rent out the rest, and now wanted to get one for ownstay... If RTO can apply to them, then is great..
I see, then need to be clear on the differences due to MCO waiver...

Typical agents..
Bait potential prospects by opening many thread...

Anyway I give u benefits of doubt..
See what u have to say about your plans..
The Rent2Own thingy 😁

Wish you a great day ahead

I think it's fair this RTO prioritise for the new home buyers. For more than 2 home owners, if they can settle the the remaining home loans and they can go for this facility.

not all projects eligible for this scheme... cos Maybank wont pick the projects that in high risk (small developer, no demand, overpriced, etc.)

is one of the good option for buyers that really want to buy for own stay but cannot fork out hefty upfront...

anyway... the choices is limited... the projects picked normally is more than 500k...

This post has been edited by bigman: Apr 29 2020, 11:30 AM

True that

house mostly unfurnished right ?

possible buy own furniture, then can sell to the bank if i do not opt to own in 5 years later ?

Since we are at this topic, can u give a complete picture of how rent to own works? What is it that I need to pay 1 year, 2 year to 5 years down the road?

from what i know you don't own the unit until u purchase it. Along RTO period, you are renting from MBB but the property under your name. So you not selling back to the bank if you don't want to resume but you return it back to the bank.

How it furnished, depending on the developer's project and package.

one of the example, first year the purchaser just paying about 2.7% interest of the listing price for the first year. Second until fifth year, about 3.6% of the listing price.