Malaysia: Property developers open to rent-to-own
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IF rent-to-own (RTO) schemes are able to help more people own homes, property developers would definitely be in favour of them.
Developers such as UEM Sunrise Bhd and Mah Sing Group Bhd, for instance, are open to the RTO concept which allows a homebuyer to enter a rent-first, buy-later contract with the property seller. Other developers that have come up with versions of the RTO concept include TAHPS Group Bhd’s “Stay and Own” scheme, Selangor Dredging Bhd’s (SDB) “Reside and Purchase” (RAP) programme and Khoo Soon Lee Realty Sdn Bhd’s “Rent Now Buy Later” programme.
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Source : Malaysia: Property developers open to rent-to-own