FT scheme to sell houses to tenants may be extended to other states

NUSAJAYA: The Government is looking at extending the concept of selling low-cost houses to existing tenants, currently practised in the Federal Territory, to other states.

“However, we need to fine-tune the scheme before it can be extended to other parts of the country,” Housing and Local Government Minister Datuk Seri Kong Cho Ha told a press conference during a working visit to Nusajaya yesterday.

Earlier, Kong and his deputy Datuk Seri Lajim Ukim attended a briefing in Iskandar Malaysia by the Iskandar Regional Development Authority, Iskandar Investment Bhd and the master developer of Nusajaya, UEM Land Holdings Bhd.

Last Saturday, Prime Minister Datuk Seri Najib Razak announced that some 44,000 low-cost houses in Kuala Lumpur would be sold to the tenants.

Kong said the Government needed to look into several matters such as the price mechanism, loan payment term and other legal issues before it could introduce the scheme nationwide.

He said the implementation and the success of the scheme in the Federal Territory would be used as a guideline before extending it elsewhere.

“Mind you, there are over 72,000 low-cost houses nationwide,” said Kong.

Asked whether the 50% discount on licences for petty traders in the Federal Territory could be extended to other states too, he said it was up to the state governments because the issuance of these licences came under their jurisdiction.

Source:TheStar

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