Matsapha- Select Limited has announced a bold plan to deliver a minimum of 500 housing units every year through its newly launched Select Home initiative—a rent-to-own housing model designed to enable ordinary emaSwati to transition from renting to full home ownership.
The announcement was made by Select Limited CEO Bheki Dlamini during a launch event held at The Link in Matsapha, attended by senior government officials, municipal leaders, and stakeholders from the private sector and property development industry.
“Our goal is to deliver over 500 units each year across Mbabane, Manzini and other parts of the country. With Select Home, clients can rent a completed property while paying toward its ownership. Once the loan is fully settled, the home becomes theirs,” he explained.
Dlamini said the initiative was created to fill a persistent housing gap, especially for low- and middle-income earners who routinely struggle to secure traditional mortgage financing. He added that the model offers affordability and ownership security, noting that many families have long viewed renting as a financial dead end.
“With Select Home, every payment moves you closer to owning your house,” he said.
Minister of Housing and Urban Development Appolo Maphalala praised the initiative as aligned with the country’s urban growth and settlement planning goals. He described the rent-to-own model as a “practical solution” for families who dream of owning homes but lack the collateral, financial history, or income stability required for bank mortgages.
“Every new unit built brings us closer to achieving our national housing goals,” said Maphalala, who also highlighted Matsapha’s continued growth as an investor-friendly town.
The launch also spotlighted African Alliance Partner S’thofeni Ginindza, who emphasised the partnership’s blend of financial innovation and social development. Ginindza, said the Select Home programme reflects African Alliance’s long-term vision for sustainable community development.
The partnership builds on ongoing developments at Malkerns Square, where additional apartments and commercial spaces are already in progress.
“We are not just constructing buildings—we are shaping sustainable communities that integrate homes, retail and recreation,” Ginindza said.
He added that accessible property investment is key to fostering long-term community value and supporting Eswatini’s urbanisation trajectory.
The annual 500-unit target marks one of the largest commitments ever made by a private lender in Eswatini’s housing market. Select Limited, with more than 25 years of experience in credit provision, says its financial expertise will enable it to make the rent-to-own model both accessible and manageable for qualifying clients.
The initiative is expected to benefit individuals who have stable income streams but lack the collateral or credit history needed for conventional home loans.
Looking Ahead: Jobs, Growth and Broader Urban Development
Select Limited confirmed that future developments under Select Home will expand beyond Malkerns into other major urban centres, with potential to create jobs in construction, property management, and financial services.
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