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Second phase of Malaysia’s HouzKEY aims at secondary market

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One of the first bank-initiated rent-to-own Malaysian projects by Maybank Islamic Bhd, HouzKEY is gearing up to deploy the second phase of the scheme that is expected to expand and cover properties on the secondary market.

Sally Lye Saw Im, managing director Real Estate Ventures Group Global Banking of Maybank, told EdgeProp.my that phase two of the programme, which will be introduced tomorrow (May 16), has attracted the participation of at least 200 real estate agents, who discovered the scheme via the Malaysian Institute of Estate Agents.

In phase two of HouzKEY, Maybank Islamic will enhance its role to streamline the property transaction process and effectively link real estate agents with buyers.

Real estate agents who are interested to participate in the scheme can submit the relevant documents related to the property to Maybank Islamic which will then assess the property ownership status and valuation.

When approved, Maybank Islamic will publish the property listing on the Maybank2Own HouzKEY web portal.

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