PPR rent-to-own scheme only for those unable to secure financing elsewhere - News Summed Up

PPR rent-to-own scheme only for those unable to secure financing elsewhere


KUALA LUMPUR: The Urban Wellbeing, Housing and Local Government Ministry’s People's Housing Project (PPR) rent-to-own scheme is only offered to applicants who fail to get financing from any financial institutions. Its deputy minister Datuk Halimah Mohamed Sadique said applicants who were offered the PPR’s rent-to-own scheme units would be put on probation for two years before entering the said scheme. Our latest rent-to-own scheme, with 300 PPR units, is in Taman Danau at Kampung Hassan, Ulu Bernam,” she told the Dewan Rakyat today. Halimah (BN-Tenggara) said the rent-to-own units for PPR Lembah Subang 2 and PPR Ladang Siliau will be implemented soon. “From four PPR projects, 1,728 units are under construction while one project with 500 PPR units are being planned,” she said.


Source: New Strait Times March 13, 2017 06:00 UTC



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