SHAH ALAM: Selangor will soon introduce a scheme that will help middle income wage earners purchase their own property by renting homes provided by the state government.
In explaining the “Skim Smart-Sewa” during the Selangor 2017 Budget presentation today, Mentri Besar Mohamed Azmin Ali said it will see 30 per cent of rent paid by the resident sent aside by the state government as a saving.
“This amount will later be returned to them so aspiring house owners can use the sum as a downpayment.
“However, ‘Skim Smart Sewa’ will only apply to those intending to purchase property under the Rumah Selangorku scheme.
“Interested parties can rent houses provided by the state for up to five years and a minimum of two years,” he said in his speech.
Azmin added that the state government has already purchased 134 units in various “strategic locations” to implement this particular scheme.
The state government has allocated RM100 million for the purpose of this scheme.