Rent Slips May Now Be Used In Buying Homes

Pavither 20 Feb 2019


To help the B40 (low-income) group acquire their own homes, Housing and Local Government Minister Zuraida Kamaruddin revealed that rental payment slips for People’s Housing Project (PPR) units may now be used as supporting documents when buying a house, reported Bernama.

She noted that this would be especially helpful for those with good rental payment record but without salary payment slips.

“I had a discussion with Bank Negara to think of ways to help those without salary slips such as petty traders or the self-employed,” said Zuraida.

“PPR tenants can obtain a good rental payment record for three years from the state government as proof that they have been making monthly payments…The banks can use this record as a condition to approve their housing loan.”

She made the announcement following the handing-over by her ministry of PPR Uda Utama to the state government of Johor.

The event was also attended by state Housing and Rural Development Committee chairman Dzulkefly Ahmad.

Zuraida hoped the PPR home tenants would use the transit units to train themselves be financially stable before purchasing a house.

The event also saw the minister hand out a rental offer certificates to 15 recipients including Noor Nadia Kamaludin, the widow of the fireman who drowned while on a search and rescue operation for the teenager who fell in a disused mining pool in Puchong, Selangor last October.

The RM77 million PPR Uda Utama project features 500 units of three bedders measuring 700 sq ft each.


Image source from The Star Online


Let us auto-calculate how much the banks will loan you with our Mortgage Pre-Qualifier calculator. Click here.


You may also like these articles

KL City’s Rental Rate is on a High. Perhaps Moving Away Completely can be the Solution to Sustain Affordable Living?

 Why is rental a burning issue now?It’s the same old argument that we have been having for the past years. The sighing and complaints of prices of properties, which are off the roof. This has b

Continue Reading28 Dec 2017

Home Builders Turn to Rental Management Firms Amidst Supply Glut

 Amidst the high number of unsold completed houses, especially high-end units, property developers are seeking the help of companies that manage Airbnb rentals to generate income from these homes

Continue Reading8 Feb 2019