PUTRAJAYA, 8 FEBRUARY, 2012: About 25,000 tenants of the 35,000 housing units under the MTEN People's Housing Project (PPR-MTEN) and DBKL Public Housing (PA DBKL) which the government is offering to sell are keen to buy the houses.

Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said more than 12,000 of the tenants had signed the offer letters to buy the houses they were occupying.

About 7,000 tenants were awaiting financing for their houses, while more than 5,000 had obtained loans or financing for their houses, he added.

He said so far, only 35,000 of the housing units were offered for sale following the announcement by Prime Minister Datuk Seri Najib Tun Razak to implement the scheme proposed by the ministry.

"The buyers are mostly the squatters who were relocated in the 80s and 90s and promised that they would one day be offered to own the houses," he told  media conference at his ministry here today.
 
   
Raja Nong Chik said that under the scheme, buyers did not need to pay deposit or advance payment as they would be given almost 100 per cent financing on the houses.

DBKL would buy back the houses if the buyers failed to make the repayments within the stipulated period and then sell them to others, he added.

- Bernama