29 April, SELANGOR – The bottom 40% income (B40) group, especially among the Chinese and Indians in Tanjong Karang will be given priority to own a house at a price of only RM35,000 via the rent-to-own concept at two new housing projects to be implemented soon.
The two people’s housing projects (PPR), which are the initiatives of the Ministry of Urban Wellbeing, Housing and Local Government (KPKT), will involve the construction of 21-storey flats (144 units of houses) in Pasir Penambang for the Chinese community and 250 units of townhouses in Bestari Jaya for the Indian community.
The houses in Pasir Penambang PPR measures 850 sq ft per unit, while in Bestari Jaya PPR, 700 sq ft each, with three bedrooms and two bathrooms, besides community facilities including surau, hall and kindergarten.
KPKT Minister Tan Sri Noh Omar said the federal government had allocated RM24.48 million to buy all the 144 units of the flats at the Pasir Penambang PPR from the developer before selling it to the people at lower prices.
“The cost of building a unit of Pasir Penambang PPR flat is about RM200,000 but we will only sell to the people at RM35,000, which means that the government subsidises about RM135,000 per unit.
“Buyers do not have to take bank loans, this is a rent-to-own concept. They need only pay the normal rent rate and when enough payment is made, they will own the house,” he told reporters after launching the Pasir Penambang PPR project.
Meanwhile, Noh said the government had allocated RM48.75 million to build 250 units of townhouses with a construction cost of about RM200,000 per unit in the Bestari Jaya PPR project.
Due to the federal government’s concern for the less fortunate, he said the house would also sold at RM35,000 per unit with a subsidy of RM160,000.