Johorians have the option to own residential and commercial properties under the newly launched ‘Jauhar Prihatin’ Rent-to-Own (RTO) scheme where they can buy the property after five years of renting.
The programme aims to resolve problems faced by prospective house buyers who qualify for the Johor Affordable Homes (RMMJ) initiative, yet have problems securing loans.
“The Jauhar Prihatin programme provides an alternative for this category of people seeking to buy their first property in the state,” said Menteri Besar Datuk Seri Mohamed Khaled Nordin during the launching of the programme at Ekspo Johor Berkemajuan 2017.
Khaled said that at the end of the tenure, 50% of the accumulated rental within the five years would be converted into the down payment, which would then help the house buyer secure a housing loan from the bank.
“House buyers do not need to come up with the deposit when the time comes for them to purchase the house via a housing loan as they have already accumulated the deposit,” he added.
He said the rent-to-own scheme starts from RM260 per month up to RM600 per month, depending on the type of housing units. Inquiries for registration and qualification for the Jauhar Prihatin scheme can be forwarded to the KPRJ office at Danga Bay or by contacting 07-2358377.