Perbadanan Usahawan Nasional Bhd (PUNB) has allocated RM25 mil property purchased this year in a new rent-to-own (RTO) scheme.
PUNB chairman Tan Sri Noh Omar said that to date, RM5 mill of the allocation has been utilised.
He added that Bumiputera entrepreneurs looking to own a business premise would be significantly helped by this scheme, in addition to increasing the number of Bumiputera landowners.
“Based on our survey, there are a lot of Bumiputera entrepreneurs who want to own property; however, many of them could not afford it.
“We will offer the RTO scheme to the current tenants of our 220 business premises,” he told reporters after visiting business premises owned by PUNB at Sri Rampai, Kuala Lumpur, yesterday.
According to Noh, PUNB will consider the monthly rent as an instalment for the premises upon tenants’ agreement.
He believed that entrepreneurs have already invested a lot in their businesses and some of them may consider owning the business premises in the future.
“PUNB will also consider a proposal to purchase a new premise, depending on the entrepreneurs’ needs.
“We do not want to purchase an empty shop lot and later, there is no buyer. So, we will purchase new premises upon requests by the entrepreneurs,” he added.
Besides that, PUNB is open to new ideas such as starting a one-stop centre which can be developed by a group of enthusiastic entrepreneurs.
“Automotive centres with mechanics, air-conditioner repairing specialists, spare part sellers and car paint service are among the areas we are looking into.
“The allocation is still plenty for now, hence, we believe this will benefit more entrepreneurs in the future,” he added.
The minimum price for the premises is RM500,000.
Meanwhile, PUNB is offering a three month 50% rental rebate from Oct 1 until Dec 31 this year to its 220 tenants.
Noh estimated that out of RM2.8 mil of total rentals for that period, RM1.4 mil will be collected, while PUNB will bear the other half.
He said this is meant to help entrepreneurs who are facing temporary financial constraints due to the Covid-19 outbreak.
“PUNB previously offered a deferment of financing repayments and exemption of rent payments for its business premises from April 1 until Sept 30.
“We are bearing almost RM5.3 mil of rentals for those six months,” he added.
Details on financing repayment are soon to be announced.
PUNB aims to invest some RM220 mil in 385 companies this year.
The group has funded a sum of RM58.8 mil for 97 Bumiputera entrepreneurs nationwide in the first five months of 2020 with the highest amount of financing approved at RM28.7 mil for the manufacturing, engineering and services sectors.