PUTRAJAYA: The ministry of urban wellbeing, housing and local government will build 4,800 units of studio apartments for youth on its land in Batu district, Kuala Lumpur.
Its minister, Noh Omar, said the first phase of the Youth Transit Studio Apartment project, would begin in July. It would involve the construction of two-bedroom units with sizes ranging from 450 sq ft to 650 sq ft, with a maximum rental period of five years for each tenant.
Speaking to reporters after attending the ministry’s monthly assembly here today, Noh said the project was part of the government’s efforts to help youth save money to buy a house after the five-year rental period ends.
“Through this project, the tenant will be charged a rental fee of RM800 per month, of which RM300 will be ‘saved’ by the government until the end of the five-year rental period.
“If the tenant meets the terms of the agreement and pays the rent every month on a regular basis, we will return his ‘savings’ of RM18,000, which will allow him to rent a house or use it as a deposit to buy a new home… that’s our goal,” he said.
Noh said the rental rate was decided after taking into account the rental rates for studio apartments (rates) in the neighbourhood before a 20% discount by the government.
Meanwhile, Noh said the ministry had also decided to extend the 10% ownership quota of any Public Housing Project (PPR) for ministry’s staff, effective today.
Employees who met the eligibility criteria of earning RM3,000 and below could apply for the PPR Seri Aman, Jinjang, Kepong Utara, PPR Lembah Subang 1 and PPR Lembah Subang 2, from today onwards, he said.
Earlier, Noh launched the National Housing Management System (SPRN), an online system where the public can apply for any of the housing projects under the ministry. The system will officially be implemented on May 2.