26 residents of the Desa Wawasan Flat here received a letter of offer for a unit under Rent-To-Own (RTO) scheme from the State Government.

The handover ceremony was officiated by the Chief Minister, Y.A.B. Mr. Chow Kon Yeow, on Saturday.

Kon Yeow said the State Government introduced the Rent To Own (RTO) scheme to enable the residents of the state to own their own homes and take full responsibility for their homes.

According to him, the selected buyers will have to pay a monthly installment of RM240 per month for a period of 15 years starting October 1.

“For the first phase, 26 buyers have been selected to accept the offer of a residential unit rental scheme in Block B of Desa Wawasan Flat.

“The resident will continue to pay the rent which will be considered a monthly installment payment for the period.

“At the end of this (payment) period, the ownership of the house will be transferred to the residents who accepted the RTO scheme,” he said during the handover ceremony.

Commenting further, Kon Yeow explained that the State Government has allocated RM1.5 million for repairs to residential units in Block B of Desa Wawasan Flat before being offered to buyers by way of rent purchase.

“Therefore, it is hoped that through this scheme it will be able to give a new spirit to the residents of the Desa Wawasan Flat.

“Let us work together to ensure that one of the basic needs of housing and its environment can be taken care of,” he said.

In addition, Jagdeep explained that for the first phase, 150 of the 456 residential units in Block B were identified to be offered to buyers under Rent-To-Own (RTO) scheme.

“We will give priority to the residents of this housing especially to those who have a clean record such as no arrears and such,” he said.

It is understood that the Desa Wawasan Flat is the sixth of the 13 public housing projects in the state that is being offered to buyers under Rent-To-Own (RTO) scheme.

Source: Buletin Mutiara