The latest edition of Kumpulan Prasarana Rakyat Johor (KPRJ), a state owned GLC, Jauhar Prihatin Rent-to-Own (RTO) homes was launched with an overwhelming response at Seri Baiduri (RTO 05), Bandar Tiram, Ulu Tiram by Menteri Besar Johor Dato Osman bin Sapian.
650 applications were received for the 190 units being offered of which, 6 units were allocated particularly for those with special needs (OKU).
Jauhar Prihatin is a RTO property policy by KPRJ to help facilitate Bangsa Johor to own their home. 50% of the rental collected will be converted as the down payment over tenure of 5 years.
“The project is carried out to assist the B40 and M40 groups to possess their own home as securing bank facilities can be challenging,” said Osman in his welcoming address.
Also present was the Exco for Johor Housing and Rural Development Sr Dzulkefly Ahmad, Johor Bahru City Council (MBJB) Mayor Amran A. Rahman and KPRJ CEO Mohd Noorazam bin Dato’ Haji Osman.
“In the state budget, RM30 million was allocated for acquiring residential developments to be used for the Rent-to-Own housing scheme which is intended for Johor residents who are unable to pay a deposit or secure loan to buy a home,” added Osman.
For the Seri Baiduri RTO, tenants will need to pay a rental of RM260 per month. 50% of the rental fees will be utilised for maintenance while the balance RM130 will be put aside as savings for five years. Upon the fifth year, tenants will be given the option to own the premise with the savings accumulated for the five years being used as the deposit for the home.
Action will be taken against tenants who sublet the house to any third party, particularly foreigners.