Rent-to-own plan only for those who can’t get loans
The People’s Housing Project’s (PPR) rent-toown scheme is offered only to applicants or buyers who fail to get loans from financial institutions.
Deputy Urban Wellbeing, Housing and Local Government Minister Datuk Halimah Mohamed Sadique told the Dewan Rakyat yesterday that applicants who were offered the rent-to-own scheme would be put on probation for two years before entering the scheme.
“The ministry has implemented the rent-to-own scheme for 1,000 units at Gua Musang PPR.
“The latest addition to this scheme are 300 units at Taman Danau PPR in Kampung Hassan, Ulu Bernam, Perak.”
Halimah (BN-Tenggara) said the rent-to-own scheme for Lembah Subang 2 and Ladang Siliau PPRs would be implemented
After a PPR is completed, it will be submitted to the state government. If it is sold, the rent-toown scheme will be applied.
soon. There are two types of PPR — to be rented and to be owned.
“After a PPR is completed, it will be submitted to the state government.
“If it is sold, the rent-to-own scheme will be applied.”
She said two PPR projects totalling 1,894 units had been completed in Kedah.
“There are four PPR projects with 1,728 units under construction and one PPR project with 500 units is being planned.”
In response to a question by Hee Loy Sian (PKRPetaling Jaya Selatan) about the status of Lembah Subang PPR, Halimah said Hee should ask Selangor Menteri Besar Datuk Seri Azmin Ali instead.
She said when a completed PPR project was handed over to a state government, the Federal Government could no longer interfere in its maintenance and residents’ welfare.