SP Setia, Maybank launch rent-to-own home scheme

RTO scheme: (from left) SP Setia Bhd deputy president & COO Datuk Wong Tuck Wai, Khor, Malayan Banking Bhd global banking group CEO Datuk Muzaffar Hisham and Lye at the launch of FlexKey.

SETIA ALAM: SP Setia Bhd and Maybank have launched rent-to-own (RTO) home ownership scheme FlexKey, which offers selected, newly launched units.

Setia FlexKey is an alternative financing scheme to help first-time homebuyers as they will be able to enjoy the flexibility of converting rentals paid as downpayments towards purchasing a home at a locked-in price.