Housing Scheme Allows Tenant to Become Owner in Future
All Federal housing projects in the state will be overseen by the Penang government, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo.
He said among the projects are affordable housing, low medium-cost (LMC) and low-cost (LC) units, and also abandoned Federal housing projects.
"I have received approval from the Housing and Local Government Minister Datuk Zuraida Kamaruddin to convert two projects in Seberang Jaya that have already been completed into Rent-to-Own housing schemes.
"Some people cannot afford to even buy a low-cost house.
"One of my promises is that we will ensure there are more units available under this scheme.
"The tenants will pay rental every month and after a certain period of time, they will become the owner" he said during the launch of the traffic lights, pocket park and food court by M Summit Group in Teluk Kumbar.