The Federal government will study Johor's transit housing program to explore the possibility of expanding it to other states, says Datuk Seri Dr Ahmad Zahid Hamidi.
Speaking after the groundbreaking ceremony of the Taman Kluang Perdana (Phase 3A) affordable housing project in Kluang on Sunday (Sept 22), the Deputy Prime Minister noted that the initiative, which sets aside a portion of renters' monthly payments as "savings" for the future purchase of a home, could provide significant support to young families.
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Speaking after the groundbreaking ceremony of the Taman Kluang Perdana (Phase 3A) affordable housing project in Kluang on Sunday (Sept 22), the Deputy Prime Minister noted that the initiative, which sets aside a portion of renters' monthly payments as "savings" for the future purchase of a home, could provide significant support to young families.
Read more at https://tinyurl.com/2tc65rbu
WATCH MORE: https://thestartv.com/c/news
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NewsTranscript
00:00We will learn. We will learn what has been done by the respected people of Johor, and this is a good approach.
00:21I am sure that the Minister of Public Works and Public Housing is very grateful for this, and if he brings this proposal to the Cabinet, he will certainly get support from me.
00:35And at the same time, I am sure that the need for a new home for the young family needs to be made, because their purchasing power is still lacking.
00:55Therefore, the approach to rent-to-own, or the approach to saving rent, is a very necessary approach by them.
01:08And this new approach can be applied to other areas, especially in urban areas and urban highlands.