Penang State Govt Identifying Land For Federal Govt To Build PPR Housing

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GEORGE TOWN, Jun 26 – The DAP-led Penang government is identifying parcels of land for the federal government to build People’s Housing Project (PPR) units. State Housing and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the matter had been agreed upon at a meeting of the monitoring working committee on the implementation of the National Housing Council’s decision.

He said, to ensure that low-income category can have their own housing units, the Federal Government should be a directive or new policy from Bank Negara Malaysia (BNM) to ease the tight credit conditions of commercial banks for housing loan applicants in the low-income category.

“If the Federal Government is really sincere to help these groups (low-income) that eligible for affordable housing unit type ‘A’ and ‘B’ (low-cost and low-medium), a new direction or policy of BNM should be enacted. These include, among others, lending of up to 100 per cent, extending the loan repayment period, reintroduction of the Developers Interest Bearing Scheme (DIBS) and allowing flexible payment according to the payer’s ability,” he said on a press conference here today.

Also present was the State Exco for Public Works, Utilities and Transport Lim Hock Seng and Political Secretary to the Chief Minister Wong Hon Wai (State Assemblyman Air Itam assemblyman). Due to the existence of categories of applicants who do not qualify for bank loans and have provided housing for rent by the government, Jagdeep in the meantime applied for public housing project or PPR expanded throughout the country, especially in Penang.

“The State Government is currently in the process of identifying several parcels of land that can be used for the development of housing units PPR for extended and notified to the Federation. It is hoped that once the notification of the acquisition of land for the purpose notified to them (the Federation), we (the state government) hope they (federal) kept his promise to the people, including citizens of the state of Penang,” he said.

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