An interesting post about Penang Malaysia.
PPR Mak Mandin completed, RTO scheme offer as low as RM310 per month
An apartment block known as the Mak Mandin People’s Housing Project (PPR) consists of 70 three-bedroom units now completed and being offered to qualified first home buyers.
Penang State Exco for Housing, Local Gov and Town & Country Planning, Jagdeep Singh Deo informed that the State Government today through the Rent-to-Own (RTO) will try to help eligible citizens to own their first home in the Affordable Housing (RMM) Type A and Type segments B.
“Together with us this morning are part of the recipients, namely 20 people out of a total of 70 recipients.
“Currently 34 units are being offered to the eligible buyers with the remaining 36 units that will be offered in the next phases.
“The amount to be paid each month is RM310 for 19 years and five months with a deposit of RM1,120,” he explained at the PPR Mak Mandin Flats Rent-to-Own Scheme offer letter handover ceremony here on April 24, 2021.
Following the completion of the Mak Mandin PPR project, Jagdeep who is also the Chairman of the Housing Selection Process Enhancement Committee (SPEC) expressed his appreciation to the Ministry of Housing and Local Government (KPKT) for increasing the number of PPR units compared to 999 units previously.
In a related development, Jagdeep, who is also the State Assemblyman (ADUN) Datuk Keramat, also said that the State Government today since 2009 has spent about RM271,207,877.30 for the maintenance of all public and private housing projects.
Source: Buletin Mutiara
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