want to ask ah if the 10 year / 5 year (not sure which, heard all 10 year moratorium updated to 5 year but SNP still write 10 years) moratorium habis, can rent out ? i know can sell only after habis but rent mcm not clear. is moratorium period or indefinitely cannot rent out ? Some say just follow moratorium period, but SNP mcm not clear about renting or maybe i dont understand the legal term for it

follow

Moratorium is on the selling part, for the renting part it is sort of a grey area.

You can see tons of rental ads on government housing.

Pr1ma is cannot rent and sell within 5 years time. If caught you might lost your unit.

Cant say how strict it is, but in Johor there are few case on Rumah mampu milik (not Pr1ma) that rent out was reported to the authority, and the owner lost the unit and the deposit of the house.

https://focusmalaysia.my/is-there-a-pr1ma-scandal-brewing/

Well if you strictly follow your conscience, PRIMA housing is subsidised housing meant for own stay and NOT investment hence the moratorium. Singapore is the model. In SG even if you rent out your HDB flat, you will need HDB approval. But Malaysian love to cari lubang here and there and will not hesitate to buy because cheap (of course lah, it is subsidised) and then rent out and sell after 10 yrs, sure make money because the cost was much lower than market.

I see got some do AirBnB for their units too

prima is for own stay n not for investment but u pandai2 la

kaotim with neighbors important

Selling part during Moratorium periods sure big No No..
As when it's actually started...

My understanding is after VP. Not before or signing of SNP..

Renting...
That no comments actually because many do rent out... And some do "homestay" too with their units

Watch this space for the newest iteration of PRR. Seems to be more equitable and stronger in enforcement.

PR1MA for rent ads all over malaysia:
https://www.mudah.my/malaysia/properties-for-rent?q=pr1ma

i understand during moratorium period not allow, just want to see what options I have after 10 years if I want to upgrade. lets say after 10 years, my income increase, but its not like I can sell PR1MA at high price too, as most likely it wont grow much in price. but to sell it at the price i bought it for (479 k for 950 sq ft, basically dev sell as public unit), doesnt seem financially good or viable to upgrade.

i understand during moratorium period not allow, just want to see what options I have after 10 years if I want to upgrade. lets say after 10 years, my income increase, but its not like I can sell PR1MA at high price too, as most likely it wont grow much in price. but to sell it at the price i bought it for (479 k for 950 sq ft, basically dev sell as public unit), doesnt seem financially good or viable to upgrade.

the moratorium clause:

The Purchaser shall not be entitled to transfer, lease, charge, assign, convey, sell or otherwise dispose of the said Parcel within 10 years of the date of the SPA or as stated in the restriction in interest in the strata title to the said Parcel, whichever is the later

the SPA is Dec 2022, expected completion date is Sep 2026, if follow SPA date, then is Dec 2032 can sell

479K for 950sqft is definitely not affordable housing scheme pricing. I can only guess this is PR1MA Alam Damai. Crazy overprice.

its PR1MA Residensi Bukit Gelugor Phase 2 aka Ideal Venice, at central Penang Island. thats why asking, 479k if after 10 years cannot rent, will be problematic to upgrade. many owner under impression that rent limit follow moratorium. so the moment we can sell, we can rent out too

If can sell, for sure can rent la.

No one is stopping you from renting out.

Hv to check any restrictions in strata title, "whichever is later"