Selangor Journal

Smart-Rent Scheme to help the people own homes

PUCHONG, JAN 17: The State Government will implement the Smart-Sewa Scheme to help middle-income earners own houses in the near future.
Housing, Building Management and Urban Living Exco Dato’ Iskandar Abdul Samad said that Dato’ Menteri Besar, Dato’ Seri Mohamed Azmin Ali had announced a scheme with an allocation of RM100 million as one of the main programmes run by the State Government to meet the needs of the target group.
“An allocation of RM100 million from Selangor Housing and Property Board (LPHS) for us to buy a house and rent it out.
“It’s a huge programme and may involve 800 to 1,000 housing units which it will be rented out to those unable to afford a house without a bank loan,” he said on January 16.
He said the Smart-Sewa Scheme is to facilitate citizens in need, by renting out the unit for a two-year period or a set period of time.
After that time, he said the State Government will return 30% of the total rental paid, with the intention to help potential owners pay the down payment needed to buy a house.
Iskandar explains that in order to make the programme a success, the State Government has bought a number of housing units in several areas, including in Bukit Tinggi.
“We get feedback from developers including Selangor State Development Corporation (PKNS), that the percentage of failures in obtaining loans to buy a house was about 50%, with one of the problems being the National Higher Education Fund Corporation (PTPTN).
“That’s why we asked PTPTN to loosen their conditions, so that it need not be included in the Central Credit Reference Information System (CCRIS).
“When launching the housing program, we also invited PTPTN so that potential buyers can refer to them directly,” he said on the issue of those who failed to get bank loans.

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