PM Najib unveils Rent to Own scheme

PR1MAPrime Minister Najib has launched the Rent to Own scheme yesterday in order to help PR1MA applicants who are struggling to obtain housing loans.

“This programme is to help applicants who are rejected by the bank, such as those without permanent jobs or a bad track record.”

“Hence we agree with the bank to offer the Rent to Own scheme that enables the applicant to only pay rent within 20 to 30 years and the house will belong to them,” he said after the ground-breaking ceremony for the PR1MA project in Seremban Sentral.

Located in the rear of the Seremban railway station, the PR1MA project in Seremban Sentral comprises 3,196 low-cost homes. 1,504 units will be built in the first phase, while the second phase will involve 1,692 units.

Depending on their financial capability, buyers can select a home with two rooms and one bathroom, or a house with three rooms, two bathrooms, living room and kitchen.

The project is targeted for completion within two to three years, noted Najib, adding that the government plans to build another 2,000 PR1MA homes near the Keretapi Tanah Melayu (KTM) depot site and an additional 10,000 in Labu, Seremban.

Seremban Sentral PR1MA is a collaboration between PR1MA, the state government, Keretapi Tanah Melayu (KTM), Railway Assets Corporation (RAC), Public Private Partnership Unit (UKAS) and private developer Brunsfield International Group.

Aside from affordable homes, the 23ha Seremban Sentral also features a hotel, public amenities, office buildings, shopping centre, medical facilities, recreational parks and educational campus.

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