KUALA LUMPUR – The Federal Territories Ministry has given assurance that the rental rates for council home units in Kuala Lumpur will be below market rates.
Minister Datuk Seri Shahidan Kassim said this was part of efforts to help city dwellers to save money to buy their own houses in the future and also to enable council homes to become a profitable asset for Kuala Lumpur City Hall (DBKL).
“Council homes will give low-income city dwellers the opportunity to live in a comfortable home measuring 800 square feet with three bedrooms and two bathrooms.
“The rent must be half or below the current market rate. If the market rate is now between RM1,500 to RM2,000, then they (council home tenants) will probably need to pay only RM700,” he told a press conference after the ground-breaking ceremony of the Bandar Tun Razak Council Home project in Cheras here today.
Shahidan said DBKL also aims to build 5,000 units this year, with four projects currently ongoing in Sg Udang, Segambut; Bandar Tun Razak; Bandar Baru Sentul, and Taman Desa Seputeh.
Two other projects in the pipeline are in Bandar Sri Permaisuri and Sg Besi, he said.
The Bandar Tun Razak council home project is being implemented on DBKL-owned land at a cost of RM200 million and will have 702 units of houses, as well as a supermarket, wet market and a multi-purpose hall. – Bernama, September 20, 2022
